# SB 360 on royalties
**URL:** https://www.mineralrightsforum.com/t/sb-360-on-royalties/72326
**Category:** Law & Legal
**Created:** [September 14, 2023, 3:30pm UTC](https://www.mineralrightsforum.com/t/sb-360-on-royalties/72326 "2023-09-14T15:30:48Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@Darren\_Ferrell](https://www.mineralrightsforum.com/u/Darren_Ferrell)
#### Post date: [September 14, 2023, 3:30pm UTC](https://www.mineralrightsforum.com/t/sb-360-on-royalties/72326/1 "2023-09-14T15:30:48Z")
If I’m understanding SB 360 correctly and have a lease held by production at 12.5%, then I should be paid a royalty of no less than 12.5% of the proceeds at the first point of sale. Obviously only my portion of the 12.5%. Can there still be deductions for getting it to the point of sale? Between deductions and the wholesale price of gas being between 25 and 50% below Henry Hub, my checks have dropped to nearly nothing. And deductions are another 30% off the gross.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [September 14, 2023, 7:13pm UTC](https://www.mineralrightsforum.com/t/sb-360-on-royalties/72326/2 "2023-09-14T19:13:17Z")
Yes, that is entirely possible. Depending upon your state and the wording of your lease, the post production charges can be very high on gas wells.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [December 13, 2023, 3:30pm UTC](https://www.mineralrightsforum.com/t/sb-360-on-royalties/72326/3 "2023-12-13T15:30:48Z")
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