Can anyone tell me what the first line of this Natural Gas - Lease Drop from the CONG website represents? The “Net Tax Value” on the second line is what was used to calculate the interest on my check, but I don’t understand what the first line is for.
| Sub Type | Off Lease | Secondary TP Name | Ttl Lease Volume | Your Volume | Your Value | Tax Due | Marketing Cost | Net Tax Value | Error Status |
|---|---|---|---|---|---|---|---|---|---|
| Pur | Operator Name | 0 | 209,457 | $1,263,874.05 | No | $260,398.75 | $0 | Yes | |
| Pro | Yes | 44,469 | $305,249.62 | Yes | $55,586.44 | $249,663.18 | No |
You have cut off multiple columns of the data lines, including the commodities. If you post well information, then it is easier to review.
The well is the Neff West A 9-4 4406H, Upton County, Texas (Lease No. 022818). It’s the gas/liquids I’m questioning.
There are 5 new Neff wells. The gas is being reported to CONG under each RRC lease id. The gas purchaser is reporting all the gas for the 5 wells under the single RRC lease id. The purchaser is likely transporting and measuring at a common combined point and does not know how the gas volumes are allocated back to the individual wells. So it reports as a combined total to a single well.