If my lease in Texas has the wording listed at the bottom, are they supposed to be deducting cost for Transportation and Marketing?
On my oil royalties from Shell Trading I have no deductions. From my Casinghead royalties (different purchaser) I have deduction for Transportation, Marketing and PRC whatever that stands for. Last year this totaled in excess of $1,800
(B) Deliver to Lessor, free of cost, in the tanks or pipelines to which wells may be connected an additional equal ten percent (10%) part of all oil produced and saved from the leased premises or at the option of the Lessor ten percent (10%) of the value of all oil produced and saved from the leased premises, and ten percent (10%) of the market value at the well of all gas produced and saved from the leased premises.