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 →Understanding oil and gas royalty statement product codes is the next step to becoming a better informed royalty owner. The product code section of the statement, located in the upper right hand corner of our Example Royalty Statement (clickable link), identifies each source of revenue from the well of lease. It is unlikely, although possible, that a…
Continue reading →Let’s continue our series on reading a royalty statement by discussing different types of oil and gas interests that may be seen on statements. We will continue using this Example Royalty Statement (clickable link) which is formatted just like an actual producing company’s statement. In the last post we discussed a pretty straightforward part of the statement,…
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