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Line 129: + − The same steps also apply to a multiwell project. Field development projects are constructed by combining individual well models in a realistic time frame. The income tax calculation must be done on a total project basis since oil and gas taxation applies to the total property. An example of a multiwell field extension project is shown in [[:Image:Test.png|Table 3]]. Since the project has a longer life than the example development well, the results are summarized in a slightly different format. [[:Image:Charles-l-vavra-john-g-kaldi-robert-m-sneider_capillary-pressure_3.jpg|Table 4]] presents the production, investment, and tax assumptions for the multiwell extension project.+ + + + + + + + + + +
→Calculations in the cash flow model
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The same steps also apply to a multiwell project. Field development projects are constructed by combining individual well models in a realistic time frame. The income tax calculation must be done on a total project basis since oil and gas taxation applies to the total property. An example of a multiwell field extension project is shown in Table 3.
{| class="wikitable"
|+ Table 3. Cash Flow Model for Example Multiwell Extension Project
|-
! Year || Gross Oil Production (Mbbl) || Gross Gas Production (MMSCF) || Gas-Oil Ratio (SF/STB) || XYZ Oil Co. Net Oil Production (Mbbl) ||XYZ Oil Co. Net Gas Production (MMSCF) || Oil Price ($/bbl) || Gas Price ($MCF) || XYZ Oil Co. Gas Income ($M) || XYZ Oil Co. Gross Income ($M)
|-
| colspan=11 | 0
|}
Since the project has a longer life than the example development well, the results are summarized in a slightly different format. [[:Image:Charles-l-vavra-john-g-kaldi-robert-m-sneider_capillary-pressure_3.jpg|Table 4]] presents the production, investment, and tax assumptions for the multiwell extension project.
==Points to remember==
==Points to remember==