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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 five 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.
Please mouseover an area of the following check image to view the explanation of that area,
or click on an area to jump to the corresponding text below.
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 and may include:
- 1-Working Interest
- 2-Royalty Interest
- 3-Overriding Royalty Interest
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 the products produced from the property. EOG distributes to interest owners proportionately from proceeds received. In the above example, the .187 settlement interest indicates that EOG had the right to sell 100% (.187 owner interest divided by .187 settlement interest) of the products.
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:
- 1-Crude Oil
- 2-Natural Gas
- 4-Casinghead Gas
- 7-Plant Products
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).
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.
Tax Code: Codes used to identify specific taxes. Tax codes are identified at the bottom 2nd column of the check detail and may include:
Other Deducts: Amount of any deductions other than severance and other production related taxes.
Deduct Code: Codes used to identify other deductions. Deduction codes are identified at the bottom 3rd column of the check detail and may include:
- CM Compression: The cost of compressing natural gas to meet pipeline
- 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 downstream point of delivery.
- MS Miscellaneous: Other deductions not listed.
Gross Net Value: Value from the property less all deductions and taxes.
Owner Price: The price EOG pays you per barrel (Bbl) of crude oil, condensate and plant products or price per thousand cubic feet (Mcf) of natural gas.
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.
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