Mineral Owner’s Audit: Checklist
  • Confirm royalty ownership percentage
  • Secure Operator’s Report from Oklahoma Corporation Commission (hereinafter, “OCC”)
  • Secure Spacing or Unitization report from OCC
  • Secure Oil and Gas Purchaser’s Report from Oklahoma Tax Commission (hereinafter, “OTC”)
  • Compare OCC Report vs. OTC Report vs. Royalty Owners Report (quantity and price)
  • Track quantity and price over time
  • Benchmark quantity over time
  • Determine whether Operator is wrongfully assessing gas marketing expenses
  • Surface
  • Confirm water payments
  • Confirm that surface covenants are satisfied
  • Monitor OCC actions for spacing unit
Daily tracking of key partners
  • Operator
  • Oil purchaser
  • Gas purchaser