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Permalink Reply by wyalusing jim on April 7, 2013 at 2:12pm

first...know and undertand the terms of your lease regarding your royalties.

next, do the math and verify that your doi number is accurate.

next, check the math on your royalty check stub.

check the price on your checkstub against a historical settlement index for that month. it should be close, but the actual sales price will almost never be exactly the same as any published index. only an audit will verify accuracy to the greatest degree achievable.

when production numbers are published by the state, check you royalty volumes against those numbers. again, there will be discrepencies, but they should be minor.

wj

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Permalink Reply by robert c miller on April 7, 2013 at 4:36pm

Thanks.I heard there has been some problems in the past so I will do this when the time comes.

Bob

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Permalink Reply by wyalusing jim on April 8, 2013 at 5:18am

what problems have you been hearing about?

wj

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Permalink Reply by robert c miller on April 8, 2013 at 6:20am

Nothing specific.Just general comments against the companyI think it was just heresay.Thanks for your input.I was told that early this summer I would  start getting a check and I was curious.

Bob  

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Permalink Reply by wyalusing jim on April 8, 2013 at 6:32am

yeah, there are lots of comments and hearsay. usually most of it doesnt amount to much.

you should get division orders before checks.

wj

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