Memorandum
TO: All Employees
FROM:
DATE:
SUBJECT: Billing of Investors
In auditing the January 19— billing, I noted the investors had been correctly charged in accordance with the 19— Hite Exploration Agreement except for one area: Six trips totaling $1,833 for the first-level supervisor in the Production Department had been incorrectly charged to the investors. This charge should be made to the non-operators.
I recommend the prior months’ billings be reviewed and procedures be outlined to ensure investors are charged as called for in the Hite Exploration Agreement. To correct the January billing errors, I recommend adjustments be made in the following billing cycle.
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