question archive The following interests exist for the Brown lease: Mr Brown 1/8 RI Bill Landman 5% ORI (5% taken from WI which is a 4375% net revenue interest) Aggie Oil Company 60 % WI Cowboy Oil Company 40% WI If the lease produces revenue of $100,000 for the month, and the severance tax rate is 7%, how much cash should Bill Landman receive (to the nearest dollar)?
The following interests exist for the Brown lease: Mr Brown 1/8 RI Bill Landman 5% ORI (5% taken from WI which is a 4375% net revenue interest) Aggie Oil Company 60 % WI Cowboy Oil Company 40% WI If the lease produces revenue of $100,000 for the month, and the severance tax rate is 7%, how much cash should Bill Landman receive (to the nearest dollar)?
Subject:AccountingPrice: Bought3
The following interests exist for the Brown lease:
Mr Brown 1/8 RI
Bill Landman 5% ORI (5% taken from WI which is a 4375% net revenue interest)
Aggie Oil Company 60 % WI
Cowboy Oil Company 40% WI
If the lease produces revenue of $100,000 for the month, and the severance tax rate is 7%, how much cash should Bill Landman receive (to the nearest dollar)?
