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production during the year was 30,UUU barrels. Wyoming, agreeing In 2019. Lori Jerin leased the mineral rights in a property in Wyoming, to a 25% royalty. The joint working interest in the property is owned by the following companies: Company: WI Donna Company 60% Jones Oil 30% HC Inc. 10% In 2020, a successful exploratory well was drilled on the property. On Decem 31, 2021, the property was producing. On that date, total proved reserves are sti mated to be 1,400,000 barrels, and total proved developed reserves are estimated to be 200,000 barrels. Total production during 2021 was 60,000 barrels. REQUIRED: a. Compute the proved reserves and proved developed reserves that belong to the working interest and royalty interest owners. b. Determine the production that each of the working interest owners would use in computing DD&A. production during the year was 30,UUU barrels. Wyoming, agreeing In 2019. Lori Jerin leased the mineral rights in a property in Wyoming, to a 25% royalty. The joint working interest in the property is owned by the following companies: Company: WI Donna Company 60% Jones Oil 30% HC Inc. 10% In 2020, a successful exploratory well was drilled on the property. On Decem 31, 2021, the property was producing. On that date, total proved reserves are sti mated to be 1,400,000 barrels, and total proved developed reserves are estimated to be 200,000 barrels. Total production during 2021 was 60,000 barrels. REQUIRED: a. Compute the proved reserves and proved developed reserves that belong to the working interest and royalty interest owners. b. Determine the production that each of the working interest owners would use in computing DD&A

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