Royalty Statement
The check stub from the operator showing production volumes, price, deductions, and your decimal interest for each well you own in.
A royalty statement is the detail page — the check stub — that comes with a royalty payment. It breaks down, for each well and product, how the operator arrived at your check: the production volume sold, the price received, any deductions, your decimal interest, and the resulting dollar amount. It also carries your owner number, the property or lease name, the production month, and often an API number to identify the well.
Read it line by line. Gas, oil, and natural gas liquids are usually reported on separate rows, each with its own volume and price. Watch for the difference between gross value and your net check — the spread is your decimal share less any taxes and deductions.
Statements vary by operator, but the math should always reconcile to your decimal. If volumes drop sharply or a deduction appears that the lease does not allow, that is your cue to question it. See post-production costs and how royalties work.