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,…
Continue reading →Oil and gas royalty statements are often confusing and difficult to read, but understanding how to read oil and gas royalty statements is probably the most important thing a royalty owner should be able to do. There is a lot of information on a royalty statement, so I will address the topic in a few consecutive posts. If there…
Continue reading →Now that I’ve given a little background on the origin and purpose of PetroBlog, I’d like to tell you a little bit more about myself – my background, what I know, and maybe even more importantly, what I don’t. I am an engineer with over ten years of experience in the oil and gas industry….
Continue reading →PetroBlog is dedicated to providing resources and expert advice for oil and gas royalty owners. Here we provide answers to questions about mineral rights, land, leases, royalty payments, and operations. Welcome to PetroBlog by Petrolitix. If this is your first time visiting the site, I’m glad you’ve found it and hope it is useful to…
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