Question
West oil and gas company owns a 75% working interest in the Decker lease that has a 1/5 royalty. the estimated proved oil and gas
West oil and gas company owns a 75% working interest in the Decker lease that has a 1/5 royalty. the estimated proved oil and gas reserves are expected to be recoverable from the decker lease total 200,000 bbl of oil. What quantity should be included in the disclosure of proved oil and gas reserves
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
