What is in a Royalty Statement?
There are three parts to a royalty statement:
- Basic Info
- Whole Well Figures (gross)
- Owner Figures (net)
Basic Information:
On each royalty statement, you’ll find basic information about the operator, the oil & gas well, and the owner.
Whole Well Figures:
This section represents the production, taxes, deductions and gross revenue for the entire well. This figure will be divided among all the interest owners.
Owner Figures:
This section represents the owner’s portion of the oil & gas volume, taxes, deductions, and net revenue.
