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The initial cost to drill a well is $21000. The daily rate to operate the well is $500. the current selling price is $65 per barrel of oil and the well is expected to produce 11…

The initial cost to drill a well is $21000. The daily rate to operate the well is $500. the current selling price is $65 per barrel of oil and the well is expected to produce 11…
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2 votes
the initial cost to drill a well is $21000. The daily rate to operate the well is $500. the current selling price is $65 per barrel of oil and the well is expected to produce 115 barrels per day. What would be the revenue for one day?

asked
User Aaron Beaudoin
by
7.6k points

1 Answer

2 votes
500+65(115)
The revenue for one day would be $7975
answered
User Jeremy Samuel
by
8.4k points
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