Select the relevant costs and other data from the following, and calculate the All Source F&D Cost...

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Accounting

Select the relevant costs and other data from thefollowing,
and calculate the All Source F&D Cost for Big OilCo. on a BOE basis
(Use a 6to 1 conversion ratio)
Big Oil Data for All Source F&D Calculation - Oil andGas
Costs$Millions
Unprovedproperty acquisitions$75
Exploration$850
Development expenses$900
ProvedProperty Acquisitions$250
SG&A$225
Interestpayments$75
Oil Reserve AdditionsMillion Barrels
Oilreserve discoveries and extensions105MMBO
Oilrevisions5MMBO
Acquisitions10MMBO
Gas Reserve AdditionsBcf
Gasdiscoveries165Bcf
Gasrevisions5Bcf
Acquisitions30Bcf

Answer & Explanation Solved by verified expert
4.4 Ratings (643 Votes)
Calculation of All source Finding development costs for Big Oil Co All source relevant FD expenses Expense head Amount in millions exploration 850 development    See Answer
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