Select the relevant data from the following, | ||
and calculate Big Oil Co.'s Production Cost for the year on a BOE basis | ||
(Use a 6 to 1 conversion ratio) | ||
$Millions | ||
SG&A cost | $225 | |
Interest payments | $75 | |
Development costs | $900 | |
Production costs | $200 | |
Proved Property Acquisitions | $200 | |
Oil production | 9 | MMBO |
Gas production | 30 | Bcf |
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