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- Basic
- Specialized Knowledge
- Group Live
- 2 CPE
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.”
- List Item #1
- List Item #2
- List Item #3
- Basic
- Specialized Knowledge
- Group Live
- 2 CPE
Description
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:
- Determine land and ownership interests
- Analyze royalty provisions of an oil and gas lease
- Calculate ownership decimal interest
- Review and interpret your oil and gas remittance pay stub
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