Enter the spot price minus two dollars, and that will be very near the actual field price. Enter the number of barrels of oil produced each day, or use your estimation of the average daily production figure. Enter the price of gas per thousand cubic feet. Enter how many thousand cubic feet of gas are produced each day, or use your estimation of the daily average. Enter the number of days the well was in production during the month.
Severance tax varies from state to state.
If you know the rate in your state, please enter it in this blank. Enter the approximate cost for operations. Enter your working interest percentages of ownership. Click on GO button to figure your monthly incomes. Click DONE when you're finished.