A revenue audit is performed to determine if working interest, net profits, royalty, or overriding royalty interest revenues are properly paid under the applicable agreement(s), such as a Joint Operating Agreement (JOA), marketing agreements, farmout agreement, net profits lease, or oil and gas lease.
A royalty audit is performed to determine if a lessor is properly paid under a lease agreement. 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 than a typical Joint Operating Agreement.
A revenue audit is performed to determine if working interest, net profits, royalty, or overriding royalty interest revenues are properly paid under the applicable agreement(s), such as a Joint Operating Agreement (JOA), marketing agreements, farmout agreement, net profits lease, or oil and gas lease.
A royalty audit is performed to determine if a lessor is properly paid under a lease agreement. 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.
Matt Pilkington