# Is showing royalty revenue statements normal and customary
**URL:** https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796
**Category:** Garvin County, OK
**Created:** [April 6, 2022, 3:19pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796 "2022-04-06T15:19:16Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@Susie\_Patterson](https://www.mineralrightsforum.com/u/Susie_Patterson)
#### Post date: [April 6, 2022, 3:19pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/1 "2022-04-06T15:19:16Z")
We have received offers to buy our minerals. A request was made to review recent revenue statements in order to have the producing income properly evaluated.
Is this a common and necessary request?
We have no immediate plans to sell; however, we are curious as to what the offer might be.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 6, 2022, 4:24pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/2 "2022-04-06T16:24:49Z")
It is common, but would you hand over your bank statements to some random person you do not know? This is similar. If it is a legitimate offer, then they already know what they are going to offer. I would not hand over my information. Just ask them what they are offering per net royalty acre.
In general, when I get an offer, the offer is for a discounted estimate of the royalties for producing wells. They do not want to tell me that there might be pending drilling. If you want a general estimate, take your oil revenue from last year x four and your gas revenue x seven.
If the offer was out of the blue, then there might be pending drilling. Many companies try to buy ahead of the bit. If you want to share the township and range, then we can check for pending activity.
---
### Author:  [@Susie\_Patterson](https://www.mineralrightsforum.com/u/Susie_Patterson)
#### Post date: [April 6, 2022, 4:54pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/3 "2022-04-06T16:54:20Z")
Thank you for your quick reply.
Section 22, Township 3N, Range 4W
Thanks kindly.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 6, 2022, 5:13pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/4 "2022-04-06T17:13:27Z")
Yes, ahead of the bit. Ovintiv has another infill well pending-just approved in late 2021. See the red well. Newfield had quite a few wells planned back in 2015. They were bought out by Ovintiv. You probably are receiving royalties from the earlier wells.
---
### Author:  [@Susie\_Patterson](https://www.mineralrightsforum.com/u/Susie_Patterson)
#### Post date: [April 6, 2022, 7:01pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/5 "2022-04-06T19:01:46Z")
Perhaps this is what is sparking buying interest.
Thanks for your time!
---
### Author:  [@lisanelson](https://www.mineralrightsforum.com/u/lisanelson)
#### Post date: [April 12, 2022, 9:42pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/6 "2022-04-12T21:42:10Z")
I share none of that information with anyone. My tax preparer only gets a 1099. I have had oil companies contact me, as I am sure a lot of people here have, and if they are interested they can do the footwork. I am not a professional but agree that when there is interest shown in buying it is usually because they know something is about to happen.
---
### Author:  [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [April 13, 2022, 4:07pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/7 "2022-04-13T16:07:43Z")
Keep in mind capital gains implications if you sell. _This post is not legal, investment or tax advice, it is for discussion purposes only. Reading or responding to this post does not create an attorney-client relationship._
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 5, 2022, 3:19pm UTC](https://www.mineralrightsforum.com/t/is-showing-royalty-revenue-statements-normal-and-customary/65796/8 "2022-07-05T15:19:26Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.