Depletion Reports

The Depletion Report shows the allowable depletion calculated for each owner and well in the given year.

Year
Enter the year for the depletion report.

First and Last Owner
Choose the first and last owner names in the range of owners whose wells will be included in the report.

Include Amounts Still in Suspense
Balances that have not been allocated to an owner on a run closing will be included on this report if this option is marked.

On the report:

Marginal Well - Takes the wells total production units for the year and divides them by 365 to determine the production per day. If the well produces less than 10 BBLs per day or 60 MCFs per day, it is considered marginal.
% - The percentage from the Depletion percentages field. This will be the marginal percentage if it is a marginal well and the non marginal percentage if it is a non-marginal well.
Gross Income - The gross income earned for the year.
Direct Expenses - The total of expenses and taxes for the year.
Allocated Overhead - The number is pulled from the "Indirect Expense" field of the Depletion Setup .
IDC - The number is pulled from the Depletion Setup .
Depreciation Expense - The number is pulled from the Depletion Setup .
Net Income - The net income earned for the year.
Net Income Limitation - Takes the Net Income and multiplies it by the Net Income Limit field on the Depletion Percentages .
Statutory Depletion - Takes the gross Income and multiplies it by the non marginal or marginal percentage specified on the Depletion Percentages .
Cost Depletion - The number is pulled from the Depletion Setup .
Depletion Allowable - The allowable depletion for the well.

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