| Total Oil Produced (Barrels) | Sum of annual oil production (by API including all associated formation And wellbore completions) | Total Gas Produced (MCF) | Sum of annual gas production (by API including all associated formation and wellbore completions) |
| GOR | Gas-to-Oil Ratio
(Total Gas Produced x 1000) / Total Oil Produced
If no oil is produced, there is no GOR.
If no gas is produced, there is no GOR. | GOR Determination | BOE if GOR < or = 15,000
BOE if no gas is produced
MCFE if GOR > 15,000
MCFE if no oil is produced |
| Avg Daily Production BOE | Sum of Monthly Average Daily Production BOE / 12 | Avg Daily Production MCFE | Sum of Monthly Average Daily Production MCFE / 12 |