What of interest has concho acquired

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Reference no: EM131923108

Question: Calculation: COG Operating LLC owns a working interest in an oil and gas lease. Lacking the funds to develop the lease, COG assigns the working interest to Concho Resources Inc, reserving 1/32 of 6/7 of production.

a) What of interest has Concho acquired? What amount?

b) What kind of interest has COG retained? What amount?

Reference no: EM131923108

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