Deductions from statement

Just downloaded my June statement and there are a whole lot of minus deductions going back to May of 2013. Does any one on here know whats going on?? My royalty this month figures to be $5.00 an acre.

Bob

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Permalink Reply by william Allen. Ladd on June 29, 2015 at 12:40am

Do your statements explain or say what they are for?

Bill l

Permalink Reply by Phillip D on June 29, 2015 at 7:09am

There have been some reported issues as of lately that operators are adding in post-production expenses; I have a client right now whose RI/ORRI are not being paid due to the operator saying they are owed post-production expenses and it is going straight to litigation as it is not allowed per their lease agreement. Other times this is due to other costs that were not realized by the operator until later; they go back and fix issues once every so often. None the less examine what is being deducted thoroughly and if need be ask a lawyer.

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