Royalty Statement Product Codes

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 →

Types of Oil and Gas Interests

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,…

Continue reading →