Valve Oil Corporation has a waterflooding system for a reservoir in North Texas Costs of operating the system for the month of August were $20,400 Assume the reservoir underlies the following three leases Lease Producing Wells Injection Wells Volume of Water A 2 1 200 B 5 2 450 C 6 3 625 What are the operating expenses for each lease assuming allocation is based on the volume of water

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Valve Oil Corporation has a waterflooding system for a reservoir in North Texas. Costs of operating the system for the month of August were $20,400.

Assume the reservoir underlies the following three leases:

Lease	Producing Wells	Injection Wells	Volume of Water
A	2	1	200
B	5	2	450
C	6	3	625

What are the operating expenses for each lease assuming allocation is based on the volume of water?

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