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.