Recording Royalty Payments

Tracking royalty payments is one of MinRight's core strengths. This guide shows you how to record a payment with all the detail you need for tax preparation and auditing.

Recording a Payment

1. Navigate to Royalty Payments in the sidebar
2. Click the + button to add a new payment
3. Fill in the header fields:
   • Payment date: when you received the check or deposit
   • Well: the well this payment is for
   • Payment method: check, ACH, wire transfer, or EFT
   • Check number (if applicable)
   • Gross revenue: the total production revenue before deductions

Adding Deductions

Expand the Deductions section to enter line-item costs taken from your gross revenue:

• Gathering
• Transportation
• Compression
• Processing
• Marketing
• Dehydration
• Treating

Enter each amount as shown on your check stub. MinRight calculates the net payment automatically.

Taxes

In the Taxes section, record:

• Severance tax
• Conservation tax
• State withholding

Additional Fields

• Prior period adjustments: corrections from previous months
• Suspense amounts: funds held pending title resolution
• Production data: oil (bbls), gas (mcf), NGL, and condensate volumes

Viewing Payment History

After saving, the payment appears in the Royalty Payments list. You can sort and filter by well, date, or payment method. The Analytics dashboard automatically incorporates your payment data into revenue charts and deduction breakdowns.