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Revenue Check Stub Example

Chesapeake Operating, Inc
P.O. Box 18496
Oklahoma City, OK 73154
877-CHK-1GAS (877-245-1427)

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

Mouse over the  for a description of each item.

  1. The month and year the production was sold.
  2. The product for which payment is being made.
    1. OIL
    2. GAS
    3. LIQUIDS
    4. NGLS
  3. The price per unit of measurement (e.g. mcf or barrel)
  4. The type of ownership interest for a property reflected in our system:
    1. Working Interest
    2. Royalty
    3. Overriding Royalty
    4. Production Payment
    5. Regulatory
    6. Proportionate Royalty Share
    7. Excess Royalty
  5. The internal identifier used by Chesapeake to allocate payment.
  6. The volume of a product (mcf or barrels) sold from a property.
  7. The value of tax obligations for a property such as severance, conservation, petroleum excise and other production related taxes
  8. Deduction from price for fees or other charges identified by abbreviation and corresponding description in the deduct code box located at the bottom of the statement
  9. (Price × Volume) - Tax - Deduction = Net Value
  10. 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 lease received for that month.
  11. Your proportionate ownership share of the volume produced or sold from a property
    (Lease Volume × Payment Decimal)
  12. Your proportionate ownership share
    (Payment Decimal) × Lease Volume × Price
  13. Your proportionate ownership share
    (Payment Decimal) of Lease Tax
  14. Your proportionate ownership share
    (Payment Decimal) of Lease Deduct
  15. Owner Gross Value - Owner Gross Tax - Owner Deduct = Net
  16. The term "BTU" is used to describe the heat value (energy content) of fuels. Specifically, it is a measure of heat energy equivalent to the amount of heat needed to raise one pound of water one degree Fahrenheit (F°) at or near its point of maximum density (39.1°).
  17. This line states the Chesapeake property identification number and name for a property. It also includes the property’s state, county and legal descriptions.
  18. This number uniquely identifies your account with Chesapeake.
Example Check Stub

 

Explanation of Numbered Items Above

  1. The month and year the production was sold.
  2. The product for which payment is being made.
    1. OIL
    2. GAS
    3. LIQUIDS
    4. NGLS
  3. The price per unit of measurement (e.g. mcf or barrel)
  4. The type of ownership interest for a property reflected in our system:
    1. Working Interest
    2. Royalty
    3. Overriding Royalty
    4. Production Payment
    5. Regulatory
    6. Proportionate Royalty Share
    7. Excess Royalty
  5. The internal identifier used by Chesapeake to allocate payment.
  6. The volume of a product (mcf or barrels) sold from a property.
  7. The value of tax obligations for a property such as severance, conservation, petroleum excise and other production related taxes
  8. Deduction from price for fees or other charges identified by abbreviation and corresponding description in the deduct code box located at the bottom of the statement
  9. Price × Volume - Tax - Deduct = Net Value
  10. 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 lease received for that month.
  11. Your proportionate ownership share of the volume produced or sold from a property
    (Lease Volume × Payment Decimal)
  12. Your proportionate ownership share
    (Payment Decimal) × Lease Volume × Price
  13. Your proportionate ownership share
    (Payment Decimal) of Lease Tax
  14. Your proportionate ownership share
    (Payment Decimal) of Lease Deduct
  15. Owner Gross Value - Owner Gross Tax - Owner Deduct = Net
  16. The term "BTU" is used to describe the heat value (energy content) of fuels. Specifically, it is a measure of heat energy equivalent to the amount of heat needed to raise one pound of water one degree Fahrenheit (F°) at or near its point of maximum density (39.1°).
  17. This line states the Chesapeake property identification number and name for a property. It also includes the property’s state, county and legal descriptions.
  18. This number uniquely identifies your account with Chesapeake.

Inquiries

Questions regarding payment amounts or interpretation of the Payment Detail Statement should be directed to:

Chesapeake Operating, Inc.
P.O. Box 18496
Attn: Revenue Inquiries
877-CHK-1GAS (877-245-1427)

 

Questions concerning name or address changes, minimum payment amounts, or changes in Interest Ownership should be directed to:

Chesapeake Operating, Inc.
P.O. Box 18496
Oklahoma City, OK 73154
Attn: Division Orders
877-CHK-1GAS (877-245-1427)

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