The Oil and Gas Consulting Company

Royalty Audits

With the complexities and intricacies of today’s lease agreements, it can be very difficult for operators to correctly account for revenue payments to royalty owners, especially when the lease agreements have differing valuation and volume clauses then a typical Joint Operating Agreement.  Martindale has represented royalty owners ranging from entire states and large trusts to small farmers and everything in between.
If you feel like you are in the dark regarding your royalty payments or just have some simple “industry standard” questions, Martindale can help whether it is a desk audit of lease agreements and royalty payments to determine if exposures of incorrect payments exist or an extensive audit of an operator’s allocations of large fields or gathering systems.
Our royalty audits focus on volumes, pricing, appropriate deductions, allocations, and distributions to ensure remittances are in compliance with lease provisions.