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Please mouseover or click on the area of the following check detail to view the explanation of that area.
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Items on Your Check Detail
The check detail includes information for both the entire interest for which EOG remits a royalty payment, as well as your ownership interest. Information specific to your ownership interest can be found in the four columns on the right side of the check detail under the "Owner" heading. The other check detail columns contain property information and information applicable to the entire interest for which EOG remits a royalty payment. Definitions for all items displayed on the check detail include:
Owner Name and Address:
Your name and address according to our records.
Check Number: The check number for the associated payment.
Owner Number: Your owner number as assigned by EOG.
Page Numbering: The specific page number and the total number of pages.
Check Date: The date the check was issued.
Property Name: The property name assigned by EOG or the property operator.
Property Number: EOG’s internal number for the property.
Deck Code: EOG’s internal accounting code identifying ownership.
Interest Type: Your type of ownership in the property, as identified on the bottom right corner of the check stub and may include:
Owner Interest: Your interest percentage in the property with respect to EOG’s royalty remittance obligation.
Settlement Interest: The interest used to calculate your share of the entire interest for which EOG remits royalty. EOG does not always own or have the right to sell all of the products produced from the property. EOG distributes to interest owners proportionately from proceeds received. In the above example, the .20 settlement interest indicates that EOG had the right to sell 50% of the gas (.10 owner interest divided by .20 settlement interest equals 50%). If EOG has the right to sell all of the products, the settlement interest will be equal to the owner interest.
Production Date: Month and year when sales occurred.
Product Type: Type of product for which payment is being remitted. Products reported are identified at the bottom left corner of the check stub and may include:
Quantity: Barrels (Bbls) of crude oil, condensate, or plant products or thousand cubic feet (Mcf) of natural gas associated with the total sales from the property or the entire interest for which EOG remits a royalty payment. If the settlement interest is equal to the owner interest, then the quantity represents the total quantity (Mcf or Bbls) from the property (See note K).
Average Price: Average price (before taxes and deducts) per Bbl or Mcf.
Gross Value: Value of crude oil, condensate, plant products or natural gas associated with the quantity, as described above.
Gross Tax: Amount of severance and other production related taxes associated with the property.
Other Deducts: Amount of any deductions other than severance and other production related taxes.
Deduct Code: Code used to identify other deductions. Deduction codes are identified at the bottom center of the check detail:
- CM Compression: The cost of compressing natural gas to meet pipeline pressure requirements.
- DH Dehydration: The cost of removing water from natural gas, as necessary to meet the pipeline specification for transporting.
- P1/P2 Processing: The cost of processing natural gas to extract plant products.
- TR Tax Reimbursement: Reimbursements received from purchasers for applicable severance taxes.
- T1/T2 Transportation: The cost of gathering and/or transporting crude oil, condensate, plant products or natural gas from the lease to a down-stream point of delivery.
- MS Miscellaneous: Other deductions not listed.
Gross Net Value: Value from the property less all deductions and taxes.
Owner Gross Value: Your share of gross value from the property prior to any deductions.
Owner Tax: Your share of severance and other production related taxes.
Owner Other Deducts: Your share of other deductions.
Owner Net Value: Your share of the value from the property less all deductions and taxes.
State-County: The state and county or parish where the referenced property is located.
Property Total: Your share of the total for all product types and production dates for the referenced property.
Payment Total: Your total payment for all properties for this check.
Comments: Any applicable comment related to your ownership, which may help explain items on the current check or inform you of future issues.
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