Understanding Gulfport royatly statement

Received my first royalty statement. Trying to understand what I am reading. Went to their website and they do not have a royalty statement for dummies tutorial. Does any one know if they or any one else has info or a website that will lead to understanding what I am seeing?

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Permalink Reply by Ryan Gadworth on October 30, 2018 at 2:10am

I've learned every company has a different royalty statement. Your best bet is to try to contact Gulfport yourself but I wouldn't expect much of an explanation. 

Permalink Reply by Bluflame on October 30, 2018 at 2:45am
The October royalty statement was a particular head-scratcher. I called GPOR for an explanation. The lady on the phone said she'd have someone from finance call. I am still waiting. Looks like they made massive adjustments going back to January. Why? I don't know. May go down as one of life's great mysteries!
BluFlame
Permalink Reply by Shower Bath on October 30, 2018 at 3:52am

The big question for Oct. is why they only paid $2.12 for dry gas.

Permalink Reply by DESJR on October 30, 2018 at 8:43am

that was\is one of my questions, since were still in October (2018) and production is ongoing, why is there payment for this month?

My statement and payment goes back to date of initial production oct 17.

Permalink Reply by Bluflame on October 31, 2018 at 3:42am

Gulfport's payments are offset by two months. For instance, the October check (dated 9/28/2018) covers production in July. My statement shows $2.18/mcf for July production. Then there are a myriad of adjustments for previous months. The price paid is based on specific lease language, as interpreted by GPOR.

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