ONRR’s Common Issues In Industry Audit

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Issue #1 - Entitlements • For mixed agreements and <strong>In</strong>dian lease entitlements, royalties are due on the entitled shares. • Yet some payors, particularly on <strong>In</strong>dian leases in Oklahoma, pay royalties based on takes.
Issue #1- Entitlements How Does ONRR Handle the Issue? • ONRR attempts to resolve the under reporting of entitlements with the payors reporting royalties. • If ONRR is unable to resolve the reporting discrepancy, ONRR may contact first the lessee of record (or designee).
Page 1: ONRR’s Common Issues In Industry
Page 5 and 6: Issue #1- Entitlements Question for
Page 7 and 8: Issue #2 - Indian Dual Accounting C
Page 9 and 10: Issue #2 - Indian Dual Accounting P
Page 11 and 12: Issue #2 - Indian Dual Accounting I
Page 13 and 14: Issue #3 - Due Diligence How Does O
Page 15 and 16: Issue #3 - Due Diligence Question f
Page 17 and 18: Issue #4 - Audit Contact ONRR has d
Page 19 and 20: Issue #4 - Audit Contact Possible I
Page 21 and 22: Industry Response Issue #4 - Audit
Page 23 and 24: Issue #5 - Gas Valuation within an
Page 25 and 26: Issue #5 - Gas Valuation within an
Page 27 and 28: Issue #6 - Off-lease measurement, c
Page 33 and 34: Issue #7 - Fuel Use How Does ONRR H
Page 35 and 36: Issue #7 - Fuel Use Question for In
Page 37 and 38: Issue #8 - Reporting Codes • Comp
Page 39 and 40: Issue #8 - Reporting Codes Possible
Page 41 and 42: Issue #8- Reporting Codes Industry

ONRR’s Common Issues In Industry Audit

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