Assume the data above for the following wells commingled production in Tank Battery on the...
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Assume the data above for the following wells commingled production in Tank Battery on the Premise Lease located in Fayette County, Texas. Cameron Oil Company WI and Garcia Company WI own a joint working interest in the Dowling Field. The expected selling price was $ The rovalty interest is and the severance tax rate is Prepare the revenue entries for Cameron Oil Company and Garcia Company. 
Assume the data above for the following wells commingled production in Tank Battery on the Premise Lease located in
Fayette County, Texas. Cameron Oil Company WI and Garcia Company WI own a joint working interest in the
Dowling Field. The expected selling price was $ The rovalty interest is and the severance tax rate is
Prepare the revenue entries for Cameron Oil Company and Garcia Company.
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