Annual gross revenue after royalties and wellhead taxes
Input(s)
\(V_{u, j}\): Average Unit Crude Price after Royalties and Wellhead Taxes \((\$ / b b l)\)
\(\Delta N_{p, j}\): Annual Oil Production (bbl)
Output(s)
\(V_{j}\): Annual Gross Revenue After Royalties and Wellhead Taxes ($)
Formula(s)
\[
\mathrm{V}_{\mathrm{j}}=\mathrm{V}_{\mathrm{u}, \mathrm{j}} * \Delta \mathrm{N}_{\mathrm{p}, \mathrm{j}}
\]
Reference(s)
Prats, M. 1986. Thermal Recovery. Society of Petroleum Engineers, New York, Chapter: 12, Page: 162.