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UUMBA730 Petroleum Economics Assignment Sample

Accounting and Economics in Oil and Gas - Question 1 According to the case study regarding restoring a well to production, the initial investment for completing the entire restoration is $750,000. The table below shows the expected STB per year (units of stock tank barrels or barrels) produced expected revenues, expenses taxes and net cash flows for a period of seven years. Year Production STB/year …

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