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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.”

Royalty Remittances for Mineral Owners

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:

  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

 

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Testimonials

Networking is so important. It will help with your job and career, and you will gain knowledge you can’t get sitting at a desk. The people in COPAS have mentored me, answered questions for me, and genuinely cared about me and my family.

Melissa Gruenewald
Rating: 5

COPAS has great learning opportunities, leadership opportunities, and ways to develop relationships with other accountants and oil and gas professionals. You will work hard when you get involved, but the experiences, people and benefits will be worth it.

Melissa Gruenewald
Rating: 5

For anyone searching for energy knowledge, professional industry contacts, peers with whom to discuss similar dilemmas, and access to energy experts—COPAS is the place to be!

Carolyn Sczepanski
Rating: 5
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OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

OUR MISSION

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

COPAS

P.O. Box 21272
Wichita, KS 67208
Tel: 303-300-1131

Contact Us →

CONNECT WITH US

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