What should my royalty check be?

Multiply the volume the lease sold in the month by your decimal interest and by the price, then take off the costs your lease allows and the production tax. The state publishes the volume for every Texas lease, so this tool does the rest for the last two years.

The estimate prices oil at the WTI monthly average and gas at Henry Hub. Your operator sells at its own price, takes its own deductions, and may sell processed gas with plant products the state does not report. A gap of a few percent is normal. A gap of ten percent or more, or a month with nothing, is worth a question.

Have us check the statement

The month the oil or gas was sold, which your stub calls the production or sale month. Texas requires oil royalty within 60 days after the end of that month and gas royalty within 90 days, so the Due by column shows when each payment should have arrived.

Work out interest on a late payment

On your division order, and on the stub as decimal interest, owner decimal or net revenue interest. It is a long decimal such as 0.00097656. If you only know your acres and royalty fraction, the decimal calculator builds it.

Work out your decimal

By default, yes. Texas takes 4.6% of the market value of oil and 7.5% of the market value of natural gas, and the operator withholds each owner's share from the check. Switch to Before tax to see the amount without it.

Check the tax on your stub

Operators file late, and the Railroad Commission revises recent months as reports come in. The two newest months can change. Older months rarely move.