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In at least 1 year, the annual production exhausted the entire supply of reserves remaining for XTO Energy.: Yes
The rate of production annually is estimated to increase then decrease over years 1 through 12: Yes
Cumulative revenue expected over years 1 through 12 is no more than $80B: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
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49% (02:55) correct
51%
(03:13)
wrong
based on 322
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Project IR Butler 2019-20 - Get one IR Question Everyday
Question # 175, Date : 24-Mar-2020
This post is a part of Project IR Butler 2019-20. Click here for Details
Question # 175, Date : 24-Mar-2020
This post is a part of Project IR Butler 2019-20. Click here for Details
The table below estimates XTO Energy's Natural Gas reserves, production, and revenue for years 1 through 12.
| Year | Beginning Reserves (BCF) | Annual Production (Bcf) | Avg Price ($/Mcf) | Revenue |
|---|---|---|---|---|
| 1 | 12502 | 941 | 6.84 | 6438 |
| 2 | 11561 | 1035 | 6.84 | 7081 |
| 3 | 10527 | 1141 | 6.84 | 7811 |
| 4 | 9385 | 1223 | 6.84 | 8374 |
| 5 | 8162 | 1315 | 6.84 | 9002 |
| 6 | 6847 | 1249 | 6.84 | 8552 |
| 7 | 5598 | 1187 | 6.84 | 8124 |
| 8 | 4411 | 1128 | 6.84 | 7718 |
| 9 | 3283 | 1071 | 6.84 | 7332 |
| 10 | 2212 | 1018 | 6.84 | 6965 |
| 11 | 1194 | 967 | 6.84 | 6617 |
| 12 | 228 | 228 | 6.84 | 1558 |
Beginning reserves and annual production are measured in Billions of cubic feet (Bcf). Price is sold at dollar per Million cubic feet. Revenue is measured in millions of dollars ($ M).
For each of the following, select Yes if the statement is true based on the information provided; otherwise select No.
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| Yes | No | |
| In at least 1 year, the annual production exhausted the entire supply of reserves remaining for XTO Energy. | ||
| The rate of production annually is estimated to increase then decrease over years 1 through 12 | ||
| Cumulative revenue expected over years 1 through 12 is no more than $80B |
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In at least 1 year, the annual production exhausted the entire supply of reserves remaining for XTO Energy.: Yes
The rate of production annually is estimated to increase then decrease over years 1 through 12: Yes
Cumulative revenue expected over years 1 through 12 is no more than $80B: No
26 Mar 2024, 04:24
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