(2) For each Gulf producing State, we will divide the sum of each State's inverse distances from all applicable leased tracts (Phase I) calculated under paragraph (1), by the sum of the inverse distances from all applicable leased tracts (Phase I) across all four Gulf producing States. In the formulas below, IAL, ILA, IMS, and ITX represent the sum of the inverses of the shortest distances between Alabama, Louisiana, Mississippi, and Texas and all applicable leased tracts (Phase I), respectively. We will multiply the result by the amount of shareable, qualified OCS revenues (Phase I). Alabama Share = (IAL÷ (IAL + ILA + IMS + ITX)) * qualified OCS revenues (Phase I)
Louisiana Share = (ILA÷ (IAL + ILA + IMS + ITX)) * qualified OCS revenues (Phase I)
Mississippi Share = (IMS÷ (IAL + ILA + IMS + ITX)) * qualified OCS revenues (Phase I)
Texas Share = (ITX÷ (IAL + ILA + IMS + ITX)) * qualified OCS revenues (Phase I)