Does anyone know if there exists a guide to understanding royalty statements for dummies? For instance I have wells turning out $300 a month for 7 months, yet for August it was only $150 with increased production and increased oil prices and I cannot understand why…
Don: yes, this forum can serve as a guide. If you include a copy of your royalty check stub, someone can possibly help.
Sometimes you get a bad contract. The operator contracts to sell your oil in a price dip, sometimes it goes the other way and works in your favor. If your well/s produce oil And gas, somethimes there is a chargeback adjustment on the gas, My details usually state that though when it happens.
If you are being charged for transportation, I would look for changes in those charges also. I hope this isn’t it.
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