Foster Lytle
  • Sealy, TX
  • United States
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Royalty 1099

Started this discussion. Last reply by Nancy Mosley Feb 8. 3 Replies

Just received my 1099 from Antero.  It had the deductions listed but not the Net Paid.  When I noticed this looked back at my other 1099's and discovered two of them did not have deductions or net…Continue

What happened to meet the newbies?

Started this discussion. Last reply by Philip Brutz Oct 12, 2014. 1 Reply

I really liked the meet the newbies group.  There was some good information there.  What happened?  I searched but came up empty.Continue

Antero well on Arnolds Creek

Started Mar 1, 2014 0 Replies

I also have mineral rights on Arnold's Creek that has been leased by Antero.  Heard they were going to drill this spring but can't seem to get any info.  I live in Florida so I am sort of "out of the…Continue

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Latest Activity

Nancy Mosley replied to Foster Lytle's discussion 'Royalty 1099'
"I also record the price, mcf/barrel amount, whether oil, gas, or NCG or PPR, etc. A lot of work but good information."
Feb 8
Arnold L Stuart replied to Foster Lytle's discussion 'Royalty 1099'
"My 1099 did not have the net either however subtract the deductions from the gross and you have your net, also on your monthly statements Antero does list your gross, net and deductions. Another thing that I do is I chart each well on Excel by…"
Feb 8
Nancy Mosley replied to Foster Lytle's discussion 'Royalty 1099'
"My 1099 from them had the gross and deductions but not net. It is helpful to have the gross amount on the 1099 because most people take the 15% depletion from the gross. Some companies only show the net, then you have to find the gross."
Feb 7
Foster Lytle replied to Shower Bath's discussion 'Gulfport Energy 1099-MISC'
"Wish I had seen your post before I asked the same question.  Thanks so much for setting me straight.  This is such a good forum, and everyone is very helpful."
Feb 7
Foster Lytle posted a discussion

Royalty 1099

Just received my 1099 from Antero.  It had the deductions listed but not the Net Paid.  When I noticed this looked back at my other 1099's and discovered two of them did not have deductions or net paid.  Contacted Antero and they said they are not required to put those items on 1099's.  What??????  This has cost us thousands of dollars in taxes that we did not owe.  Has anyone had this experience?  Does anyone have any suggestions?  I would be very grateful for any help.See More
Feb 7
3 Comments
Foster Lytle updated their profile
May 16, 2018

Profile Information

Introduce Yourself
Native West Virginian. Inherited royalty and land from my Mother and Dad.
What is your role?
Landowner
Which state(s) are you following?
West Virginia
What shale plays do you follow?
Marcellus, Utica

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