HomeMy WebLinkAbout20242199.tiffChevron
1%00
140
August 1, 2024
RE: Check Detail Update
Dear Valued Owners:
RECEIVED
AUG 142024
WELD COUNTY
COMMISSIONERS
FSS--Production, Revenue &
Royalty Accounting
Tax & Royalty Reporting --
Royalty Disbursements
Comptrollers, Chevron Services
Company
P. O. Box 4791
Houston, TX 77210-4791
Tel 1-866-212-1212
Fax 713-754-3065
We want to inform you of an update to the check detail you receive from Chevron U.S.A. Inc.
("Chevron"). Chevron pays royalties and provides check detail to owners on behalf of itself and related
entities Noble Energy, Inc., Chevron Midcontinent, L.P., and Union Oil Company of California.
Chevron has updated how certain costs are reflected on the check detail. Certain costs, which were
previously combined in the check detail, are now separated out into individual line items. This is a
change to how certain information was previously displayed; it is not a change to how your payment is
calculated.
The updated check detail includes a list of cost category codes (adjustment types) along with a
dynamic legend with definitions for each code. The goal is to provide you with additional details on
costs that affect your check.
You can expect to receive the updated check detail with your August 2024 payment.
Below is an example of the legend that will appear on your check detail. The legend is dynamic. Codes
applicable to your payment will appear in the legend on your check detail.
AVNM
CNNM
ESNM
O17
PRO
SVNM
TRP
ADJUSTMENT TYPES
AD VALOREM PRODUCTION TAX
CONSERVATION TAX
EMERGENCY SCHOOL TAX
MISCELLANEOUS
PROCESSING
SEVERANCE TAX
TRANSP
WI
RI
OR
PP
BL
WR
NR
INTEREST TYPES
WORKING INTEREST
ROYALTY
OVERRDING ROYALTY INTEREST
PRODUCTION PAYMENT
SB168
GROSS INTEREST
NON -PARTICIPATING ROYALTY INTEREST
DIRECT ALL INQUIRIES TO:
Chevron U.S.A_ Inc.
Attn: Royalty Disbursements
P.O. Box 4791
Houston, TX 77210-4791
1-866-212-1212 Monday through Friday
Email address: Iandadmin(chevron.com
MEASUREMENT UNITS
GAS
NGL'S
OIL
CON
SUL
MCF
GALLONS
BARRELS
BARRELS
LONG TONS
WHEN CALLING OR WRITING. PLEASE BE SURE TO INCLUDE OR HAVE READY. YOUR OWNER NUMBER. ADDITIONALLY. PLEASE NOTIFY CHEVRON IN WRITING
OF ANY ADDRESS CHANGE OR STOP PAYMENT REQUEST. PLEASE VISIT THE CHEVRON OWNERS RELATIONS WEBSITE AT
https://www.chevron.com/who-we-areicontactfrovaltveowners
To assist you further, we have enclosed a check detail example in this communication. It illustrates
how to read the new codes and navigate the updated check detail.
We appreciate your understanding and cooperation during this transition. If you have any questions,
please feel free to reach out to our owner relations hotline (1-866-212-1212).
CoYvwvwLn\ Cc,-\- \ On S
°15/(Ck /29
2024-2199
LacD\OO
Chevron U.S.A. Inc. (CUSA) for CUSA: Chevron Midcontinent, L.P.. Noble Energy, Inc., Union Oil Company of California
I
5
ROYALTY OWNER
ADDRESS
HOUSTON, TEXAS 77002
PLEASE RETAIN THIS EXAMPLE DOCUMENT FOR FUTURE REFERENCE
Check Number:
Owner Number:
Check Amount:
Check Date:
XXXXXXX
12345678
$109.37
MM/DD/YR
4
PROPERTY-D0I
GROSS INTEREST
'o'NER INTEREST
JAPE
PROD?
INT TYPE
PROD'
INT TYPE
D1SL DEC
DOI DECIMAL
VCLuME
PRICE
C
ADJ
VALUE
16
017699-B0032 3RD CAIMDENJX;MIDLA`iD
05Q2023 GAS RI 03130477
6
7
8
05(2023 NGLS RI
9
03134477
10 I
264.00
0.00
1.00
0-00
5.37
0.00
0.00
0.00
0.00
0.43
0.00
0.00
0.00
11
343
0.00
1.90
0.00
0.45
0.00
0.00
0.00
0.00
1.44
0.00
0.00
0.00
12
906.59
0.00
1.90
0.00
2.7-4
0.00
0.00
0.00
0.00
0.62
0.00
0.00
0.00
13
�/
0.18-
50.68-
0 00
0 00
000
0.00
0.00
0.10-
0.00
0 00
0.00
0.04-
0.00
14
0.00
O.V.
0.06-
0.39-
0.01-
0.10-
0.06-
0.00
0.70-
0.01-
0.01-
0.00
0.06-
15
06.41
50.68-
1.84
0.39-
2.43
0.10-
0.06-
0.10-
0.70-
0.61
0.01-
0.04-
0.06-
COSTI
OTHER
ADJ
.03130477
. 03130477
.03130477
.03130477
. 03130477
. 03130477
. 03130477
.03130477
.03130477
.03130477
. 03130477
.03130477
.03130477
17
1#.26
0.0o3
0.03
0.00
0.17
0.00
0.00
0.00
0.00
0.01
0.00
0.00
000
18
28.3E
0.0"
0.06
0.00
0.06
0.00
0.00
0.00
0.00
0.02
0.00
0.00
0.00 .
19
0.01-
59-
0.00
0.03
0.00
0.00
0.00
.0.00
0.00
0 00
0 CC
0.00
0 00
FETX
PRTX
PRO
TRF
MKT
NGLF
PRO
PRTX
TRP
NGLF
PRO
PRIX
TRF
20
21
0.00
0.00
0.00
0 02-
0.00
0.00
0.01-
0.00
0 04-
0.00
0.00
0.00
0.01-
-V.-
22
23
1.59-
.ut
.02-
.06
.00
�1-
01
.04-
02
o�
.01-
vOuR TIJ'ALS
34.87 1t8.11
2.00-
R09 "09=
'STD TOTALS
0.00 131.268.62 5.910 89-
10.452.3 3-
1 co)5.2.C
FET*,
MKT
NGLF
PRO
PRTX
TRP
TRT
ADJUSTMENT TYPES
TEXAS ENVIRONMENTAL TAX
MARKETING
NGL FRACTIONATION
PROCESSING
PRODUCTION TAX
TRANSP
TREATING
WI
RI
OR
PP
EL
W R
NR
INTEREST TYPES
WORKING INTEREST
ROYALT>!
OVERRIDING ROYALTY INTEREST
PRODUCTION PAYMENT
551!:8
GROSS INTEREST
NON -PARTICIPATING ROYALTY INTEREST
DIRECT ALL INQUIRIES TO:
Chevron U.S.A. Inc
Attn: Royalty Disbursements
P.O. Box 4791
Houston, TX 77210-4791
1-866-212-1212 Monday through Friday
Email address: Iandadrnrnpchevron corn
READING YOUR CHECK DETAIL
MEASUREMENT UNITS
GAS
NGL'S
OIL
CON
SUL
MCF
GALLONS
BARRELS
BARRELS
LONG TONS
24
2
3
1
Check Number
If payment is by electronic
Statement
13
Taxes
Amout of taxes applied to gross value
funds transfer (EFT), this is the Deposit Number on your EFT
2
Owner Number
This number uniquely identifies your account
14
Cost Adi
Amount of costs applied to gross value
3
Check Amount
Total amount paid (for EFT
payments, the Deposit Amount refers to total amount paid)
15
Net Value
Value after application of taxes and costs
4
Check Date
Date the check is issued (for
16
Disb/DOI Decimal
Owner decimal interest
EFT, the date of payment is the Deposit Date)
5
Property-DOI
System property number and name
17
Volume
Owner's proportionate share of volume
6
Date
Month/year of sale
18
Value
Owner's proportionate share of value before taxes and costs
7
Prod/Int Type
Type of product (oil, gas, NGLs, etc.)
19
Taxes
Owner's proportionate share of applicable taxes
8
Prod/Int Type
Type of ownership interest reflected in system
20
Adj Type
Type of cost or tax applied; see Adjustment Types legend
9
Disb/DOI Decimal
Owner decimal interest
21
Cost/Other Adj
Owner's share of applicable costs
10
Volume
Volume of product sold
22
Net Value
Owner's share of net value and applicable taxes and costs
11
Price
Price per unit of measurement
23
Your totals
Totals for individual check/deposition (last page of statement)
12
Value
Gross value of volumes sold before application of taxes and costs
24
YTD totals
Totals for year (last page of statement)
Hello