Chesapeake's New Addition to Royalty Earnings Statement

Has anyone noticed this explanation prior to 3/14? I am curious as to what prompted this addition. See BOLD print below.

"Gross Value refers to the sales price received by the operator/Lessee before deduction of taxes. It
may reflect the price received from an affiliated purchaser.

Deduct refers to the deductions identified in the Deduct Code below and are generally limited to taxes or deductions made by the operator/lessee. Deductions made by the purchaser (affiliated or non-affiliated) may or may not be shown.

Volume of gas is the volume (mcf) of gas produced which may or may not be equal to the volume of gas sold depending on
fuel use."

Thoughts?

Views: 541

Reply to This

Replies to This Discussion

sounds like more deductions coming this way!come on,PA,pass this 1684 bill so this stuff stops!

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service