This monthly lease analysis is a helpful tool that can be adapted for each owner to project income & expense for each lease at the beginning of the month. Download this simple spreadsheet to show leases and bopd necessary to be profitable. You just need to fill in by lease the NRI, operating costs and current oil price. Then you can easily tell which leases to produce or shut-in if necessary. You can also substitute pricing to tell when to turn things back on.
Download the spreadsheet here.