Leased and Producing

“I am a Mineral Owner under lease and currently receive monthly revenue.”

Producing mineral rights require constant management. The articles below will help you with everything from understanding taxes to how to read your royalty statement.

• Oil & Gas Measurement – Explanation of how oil and gas is measured at the lease and how it relates to payment for royalty owners or mineral owners.  Defines MMBTU, MCF, BBL and more.
• Royalty Calculator – Use this oil and gas royalty calculator to determine your oil and natural gas interest.
• Royalty Management – Explains how to manage oil and gas royalties. Covers topics like mineral rights fragmentation and estate cleanup.
• Royalty Statements – Learn how to read and understand your oil and gas royalty statement.  Explains terms like decimal interest, deductions, MCF, and BTU factor.
• Volume Verification – Short article explaining how oil and gas royalty owners can verify their oil and gas production.  Includes links to free state verification
• Royalty Taxes – Explains the tax on royalty and how these relate to mineral rights and royalty owners. See the articles below for additional detail.
  • Oil Severance Tax – A detailed explanation of the oil severance tax.
  • Gas Severance Tax – A detailed explanation of the gas severance tax.
  • County Ad Valorem Tax – Learn what it is and how/when it applies.
  • Depletion Allowance – Learn about this royalty tax saving strategy.
  • 1031 Exchange for Mineral Rights – Learn what qualifies, how it works, and the benefits.