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Barnes · 08-14-2009, 03:12 PM

CP, your my only hope.

Need a little help clarifying some things....

When a company reports BOE/Day, what is it based on?

How is it calculated? Is it daily avg/gas oil used? (6*daily avg gas) + daily avg oil?

What does a company do in the case of a farm in? If they are farmed in on someones land do they report they own 100% of the production or is it reduced based on working interest?

08-14-2009, 03:12 PM	#1
Barnes Franchise Player Join Date: Aug 2005 Location: Violating Copyrights Exp:	Any Production Accountants out there? CP, your my only hope. Need a little help clarifying some things.... When a company reports BOE/Day, what is it based on? How is it calculated? Is it daily avg/gas oil used? (6*daily avg gas) + daily avg oil? What does a company do in the case of a farm in? If they are farmed in on someones land do they report they own 100% of the production or is it reduced based on working interest?