Royalty Remittances for Mineral Owners

Royalty Remittances for Mineral Owners

This course provides an overview of understanding three major events for mineral owners: 1. Ownership, 2. Leasing, and 3. Royalty Check. By using and reviewing examples of actual leases and remittances this course will take owners through Mineral Lease and Royalty check stub. This course will provide individuals a better understanding of questions for your producer and simple calculations to help you get to the bottom-line of your “Pay Stub.”

Course Content

This course covers the following topics:

Land Ownership and Property Interests

  • Land Ownership Interests
  • Types of Interest

 

Mineral Lease Terms

  • Legal Descriptions
  • Royalty Clause
  • Allowable Deductions
  • Pooling and Unitization

 

Decimal Interests

  • Simple Decimal Interest
  • Pooled and Unitized Interests

 

Remittances

  • Locating State Requirements
  • Typical Check Stub Detail
  • Remittance Examples

 

Learning Objectives

Upon completion of this course, you will be able to:

1. Determine land and ownership interests

2. Analyze royalty provisions of an oil and gas lease

3. Calculate ownership decimal interest

4. Review and interpret your oil and gas remittance pay stub

 

Program Level: Basic        CPE Credits: 2 hours      Delivery: Group-Live       Prerequisites: None

Advance Prep: None         Field of Study: Specialized Knowledge

Cost: See pricing on registration opportunities, and for custom private courses contact Angie.Knipe@copas.org