Check Stub Sample
Oildex:
Oildex provides revenue check detail at www.oildex.com
How to access and login to Oildex- Property Number – The eight-digit number assigned to the lease or unit. The property name, county and state appear on the line directly above the first occurrence of each Property Number.
- DOI Number (Division of Interest Number) – The five-digit number assigned to further define the property for accounting purposes.
- Purchased/Sold – The month and year of individual sales or purchases which are included in the payment.
- Product Code – A three-digit code specifying the product accounted for on this line. The Product Codes most often used appear at the bottom of the payment attachment. "X" denotes a number that further identifies a specific product.
- LC (Legend Code) – A code identifying deductions or special payments. An explanation of the codes most often used appears at the bottom of the payment attachment.
- Quantity – Gross volume of a transaction shown in barrels, gallons or MCF (thousand cubic feet)
- BTU Factor (British Theram Unit) – The heating value of the gas.
- Average Unit Price – Calculated by dividing “total value” by “quantity” for each line. (Unit price may be omitted on certain adjustments, if not informative).
- Total Value – The before tax value of the quantity for each property – DOI.
- Production Taxes – Severance and other production taxes applicable to the oil or gas sold from each property – DOI.
- Total Value after Tax – Net value after production taxes are withheld.
- Type Interest – A two-character field designating the type of interest accounted for on each property – DOI.
Possible Types of Interest
- BL – Blanchard Royalty
- CR – Compensatory Royalty
- MI – Mineral Interest
- OC – Override Convertible
- OR – Overriding Royalty
- OU – Override Unsigned
- OW – Override Working Interest
- PP – Production Payment
- PR – Partnership
- RI – Royalty Interest
- RO – Reversionary Interest
- RU – Royalty Unsigned
- WI – Working Interest
- WR – Working Other
- Decimal – A decimal used to reflect your proportionate share in the sale of production from a property. Note, the Disbursement Decimal shown can differ from the DOI Decimal. For example, if there are multiple working interest owners in a property, the Disbursement Decimal may be adjusted to reflect your proportionate share of the volumes your lessee is entitled to receive.
- Payment – "Gross Value" is your decimal interest applied to "Total Value" before deductions or special payments. "Net Value" is the gross value less your share of taxes.
- Business Associate Number – The number assigned exclusively to you as an owner will be printed in this space. The number shown is only an example.
- Deductions – A dash or minus sign ("–") before any amount in the "Payment" columns indicates a deduction.
- Total – The total amount of the payment.