W. Va. Code R. agency 110, tit. 110, ser. 110-01, tbl. 110-1G
Current through Register Vol. XLI, No. 50, December 13, 2024
Annual Industry Production Rate = 6000 MCF
Working Interest = 7/8 of production
Royalty Interest = 1/8 of production
Average Industry Market Price = 2.60/MCF
Average Industry Operating Expenses = $3000
Average Industry Production Decline Rate = 7%
Capitalization Rate = 15%
Gross Income = Working interest production x $2.60
Net Income = Gross Income - Operating Expenses
W. Va. Code R. agency 110, tit. 110, ser. 110-01, tbl. 110-1G