Oil & Gas Investing > Investing in Oil and Gas

Southern Pacific Exploration Company - 14081 Memorial Drive, Ste. 2212 - Houston, TX 77079

1-888-OIL-NATION

Retain this statement for tax purposes. No duplicates furnished. State taxes have been deducted and paid where required. When writing, refer to lease number and owner number.

Note to Client: Waiting on New Chesapeake Chart
111111-CHK WELL  #5-1 STATE: OK   COUNTY: GARVIN LEGAL: SW/4 SECTION 27-4N-4W
502 2 3.864 2 01 898.08 249.77 .00 3220.43 .00173611 1.56 6.02 .43 .29 -.29  
602 2 3.604 2 01 863.51 224.05 .00 2888.76 .00173611 1.50 5.40 .39 .00 5.01  
702 2 3.600 2 01 881.00 228.34 .00 2944.06 .00173611 1.53 5.51 .40 .00 5.11  
802 2 3.533 2 01 673.00 172.12 .00 2219.14 .00173611 1.17 4.15 .30 .00 3.85  
902 2 3.767 2 01 853.00 231.30 .00 2982.38 .00173611 1.49 5.58 .40 .00 5.18  
1002 2 4.070 2 01 1239.00 362.97 .00 4680.12 .00173611 2.15 8.76 .63 .00 8.13  
1102 2 4.530 2 01 1331.00 434.01 .00 5596.25 .00173611 2.31 10.47 .75 .00 9.72  
1202 1 29.042 2 02 -155.65 -325.56 .00 -4194.90 .00173611 -.27 -7.85 -.57 .00 -7.28  
1202 1 29.043 2 02 178.43 377.10 .00 4805.10 .00173611 .31 9.00 .65 .00 8.35  
1202 1 29.042 2 02 155.65 325.56 .00 4194.90 .00173611 .27 7.85 .57 .00 7.28  
1202 2 4.679 2 01 1436.00 483.63 .00 6236.22 .00173611 2.49 11.67 .84 .00 10.83  
103 2 5.409 2 01 1013.00 394.40 .00 5085.83 .00173611 1.76 9.51 .68 .00 8.83  
203 2 6.233 2 01 807.00 362.00 .00 4668.17 .00173611 1.40 8.73 .63 .00 8.10  
303 2 .000 2 01 .00 137.89 .00 1778.72 .00173611 .00 3.33 .24 .00 3.09  
403 2 5.166 2 01 726.00 269.94 .00 3480.90 .00173611 1.26 6.51 .47 .00 6.04  
LEASE TOTAL   94.64 6.81 .00 87.83  
 
OWNER TOTAL   94.64 6.81    
 
 
INTEREST TYPES (IT)  PRODUCT CODE (PC) DEDUCT CODE
 1-WI
 2-ROY.
 3-ORRI		  2-GAS
 1-OIL		 BW-BACKUP WITHHOLDING
EV-SEV TAX
KC-KS CONSERVATION
NE-NETTING EXPENSE
NM-NM WITHHOLDING
SB-OK WITHHOLDING
SV-SEV TAX
TC-LA CENT FAC GAS
TR-LA CENT FAC OIL
CHECK TOTAL 87.83  
OWNER NUMBER 000001   CHECK NUMBER 000001   CHECK DATE 1/1/1900

PROD DATE - The month and year the production was sold.

PC - The product for which payment is being made. 1=OIL, 2=GAS, 3=LIQUIDS, 4=NGLS

PRICE - The price per unit of measurement (e.g. mcf or barrel).

IT - The type of ownership interest in a property reflected in our system. 1 =Working Interest, 2=Royalty, 3=Overriding Royalty, 4=Production Payment, 5=Regulatory, 6=Proportionate Royalty Share

PYGP - The internal identifier used by Chesapeake to allocate payment.

VOLUME - A decimal used to reflect your proportionate share of production from a property. The payment decimal can differ from your DOI decimal. If there are multiple working interest owners in a property, your payment decimal may be adjusted to reflect your proportionate share of the volumes the lessee receives that month.

TAX - The volume of a product (mcf or barrels) sold from a property.

DEDUCT - The value of tax obligations for a property such as severance, conservation, petroleum excise, and other production related taxes.

NET VALUE - Deductions from Price for fees or other charges identified by abbreviation and corresponding description in Deduct Code box below.

PAYMENT DECIMAL - Price x Volume, less Tax, less Deduct.

VOLUME - Your proportionate ownership share of the volume produced or sold from a property. (Lease Volume x Payment Decimal)

GRS VALUE - Your proportionate ownership share (Payment Decimal) x Lease Volume x Price.

TAX - Your proportionate ownership share (Payment Decimal) of Lease Tax.

DEDUCT - Your proportionate ownership share (Payment Decimal) of Lease Deduct.

NET - Owner Gross Value less Owner Tax, less Owner Deduct.