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Oil and Gas Royalty Check Explanation

Oil and Gas Royalty Check Explanation

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Published by Billy Minrawls
http://www.caddominerals.com is a great resource for landowners to learn and understand more about oil and gas production.
http://www.caddominerals.com is a great resource for landowners to learn and understand more about oil and gas production.

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Published by: Billy Minrawls on Aug 08, 2011
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05/12/2014

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1 - Production Month (”310” = March, 2010. “1210” = December, 2010). 2 - Natural Gas Price (could be net or gross). In our case, it is “Net”. See #6 & #7. 3 - Well volume (mcf ) total for the month. 4 - Payment decimal -

Net Mineral Acres / 640 X Royalty Interest 1.77 Acres/640 X .25 = .00069162

5 - Adjustment for previous month. 6 - Production Taxes (in this case “0” means they were “netted” out in the gas price). 7 - Marketing Fees Deduction (in this case “0” means they were “netted” out in the gas price). 8 - Net Check Amount ($).

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