Data from actual purchases of producing oil and gas properties over the past decade were collected. For each purchase, 5 data elements were captured: (1) Purchase price, (2) Recoverable oil reserves, (3) Recoverable gas reserves, (4) Oil production rate, and (5) Gas production rate. Quantitative norms in these purchase data are shown as well as distributions about the norms. The results are then used to show how comparisons can be made for specific, recent purchases not in the data base against the norms.

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