I am trying to figure out how the Owner Revenue is calculated on EQT Remittance Statements. The following figures are from my first check. Can anyone tell me which of these figures are used and what the formula is to calculate the Owner Revenue? I receive royalty checks from other companies and it is a simple matter of multiplying the Owner/Decimal Interest x Sales Volume x Sales Price, but that doesn’t work here, even when allowing for discrepancies depending on how far you go out to the right of the decimal point.
The OV is calculated by DI x SV.
The SR is calculated by NP x SV.
When I use NP x OV, my OR equals $306.23, not $361.03.
Net Price (NP) $2.134
Decimal Interest (DI) 0.00019431
Sales Volume (SV) 738,485.89
Owner Volume (OV) 143.50
Sales Revenue (SR) $1,576,438.80
Owner Revenue (OR) $361.03