Understanding Oil and Gas Royalties

Understanding Oil and Gas Royalties

This course provides an overview of Royalty leases, allocations, payments, taxes and where to find this important information. It is useful for petroleum accountants, CPAs, Federal employees, lawyers, bankers, and financial employees working with mineral and land owners who want to understand and expand their Royalty knowledge.

Course Content

This course covers the following topics:

Nature of an Oil and Gas Deal

  • Processes required to explore, drill, and produce petroleum  


Nature of land Ownership and Property Interests

  • Interests
  • Entitlement


The Oil and Gas Lease

  • Lease objectives
  • Provisions
  • Implied Covenants
  • Division Orders


Oil and Gas Sales and Royalty Valuation

  • Marketing Oil and Gas
  • Pricing
  • Royalty Check Stub and Types of Deductions
  • Post Production Activities


Learning Objectives

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

  1. Describe the key players involved in the oil and gas
  2. Describe how and oil and gas deal is formed
  3. Determine land and ownership interests and how individual royalty owner’s production interest is determined
  4. Interpret the calculations of oil and gas royalty proceeds


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