I work in the midstream sector of the oil & gas field. My family owns mineral rights in Grady, Oklahoma. I was going over my mother’s annual report and was surprised at the numbers.
the MKT or market volume per month was averaged around $6,000.
the MKT Gross or market gross earnings per month averaged around $49,000.
after the deductions the MKT net per month is around $37,000.
The company did not put $ on the numbers, after explaining what the numbers meant to my mom she was surprised that the production company was making about $444,000.00 a year just off the natural gas off of the well and sending her $12.00 a year.
We are now in the process of researching the well and the original lease.
If you get an annual report with your check learn how to read it.