Non-consent, participation, and election letters. If you own a working interest (see my previous post on Types of Oil and Gas Interests) in an oil and gas lease you might receive an election notice from the operating company. When an operating company decides to drill a new well on a lease or perform significant work…
Continue reading →I will conclude my series on Oil and Gas Royalty Statements with a detailed discussion on royalty payment calculations. Without a thorough understanding of what these calculations mean, it is impossible to verify the accuracy of a payment. Reviewing royalty payment calculations is the easiest way for a mineral owner to understand what is happening…
Continue reading →Let’s continue the discussion on the various types of royalty statement deductions and adjustments you may encounter (Part I can be found here). In this continuation of my series on interpreting oil and gas royalty statements we will refer again to an Example Royalty Statement (clickable link). We will focus our discussion around the adjustment…
Continue reading →Now that I have introduced a few basics of oil and gas production, I would like to cover various types of royalty statement deductions and adjustments you may encounter. In this continuation of my series on interpreting oil and gas royalty statements we will refer again to an Example Royalty Statement (clickable link). We will…
Continue reading →Before I continue my series on interpreting royalty statements, I will take the opportunity to give a brief overview of the oil and gas production process. You will find that a basic understanding of the oil and gas production process will greatly improve your ability to interpret a royalty statement. The oil and gas production…
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