How do i find out if my oil royalty payments are accurate?

I get send royalties monthly with a statement emailed to me. I’m a relatively new owner and learning how this works.

Welcome to the forum!

The exact equations vary a bit by state, but essentially the royalties are based upon your net acres, your royalty and if a horizontal well, the portion of the well that has been assigned to you. The best thing to do is contact the Division Order department of the operator(s) and ask for the equation that they have used to calculate your royalties. Then match against the lease and the probate or title documents that you have. If you don’t have the lease or pooling order or title documents, those are another whole set of answers, but findable in most cases.

This topic was automatically closed after 90 days. New replies are no longer allowed.