Had this line (PURCHASER GATHERING ADJUSTMENT) on a recent Permian statement that included an inordinate amount of “owner deductions”. Anyone else experience this little event?
I have seen this with Permian Resources properties in Reeves County as well as with other operators in the Permian Basin.
These are often tied to accounting revisions tied to processing plant distributions.
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The new year is a great time to gather your leases together and check the terms. The leases will tell you how the deductions are calculated and may clear up some of your questions. They may also prompt you to ask more questions about your property. They are powerful documents in the oil and gas industry. It’s important to know what they say and how it affects your minerals. Are you a member of NARO-TX by chance?
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