Plain answers on oil & gas ownership and reporting.
Practical guides for owners and fund managers, written in the language of the documents, by people who have read a lot of them. No hype, no jargon left unexplained.
Guides
Read the documents the way we do.
For owners
How to read an oil & gas check stub
Gross, deductions, taxes, decimal interest, net. What each line on a revenue check stub means, and how to tell if you were paid correctly.
5 min read
For working-interest owners
What an AFE actually commits you to
An AFE is not just paperwork. For a working-interest owner it is a capital decision. What an authorization for expenditure is, and how to read one.
6 min read
For fund managers
Operator paperwork is not investor reporting
Operator statements tell you what happened to a well. LPs need to know what happened to their money, and why. The gap between the two is the work.
6 min read
For owners
How to read a division order (and verify your decimal before you sign)
A division order tells the operator how to pay you. The number that matters is your decimal interest, and you should verify it before you sign. Here is how.
6 min read
For owners
Why your royalty check changed (price, volume, deductions, or suspense)
A royalty check that drops or stops almost always comes down to one of four causes: price, volume, a new deduction, or suspense. Here is how to tell which.
6 min read
For working-interest owners
What a JIB statement actually bills you for
A JIB is the bill for your share of a well's costs as a working-interest owner. What a joint-interest billing contains, and how to read one before you pay.
6 min read
For working-interest owners
What is a non-operated working interest?
A non-operated working interest is a share of a well's costs and revenue without running the well. What it is, how it differs from a royalty, and what it commits you to.
6 min read