Scott Moyer, CPA, and Jim Fracker, CPA have worked with many landowners in the shale-rich Marcellus and Utica regions. On this episode of unsuitable on Rea Radio, the duo will talk about how they frequently work with clients to ensure they are being fairly compensated for use of their land. Keep listening to learn how landowners can go about optimizing land royalties.
Rea & Associates offers clients royalty audits, a consulting service offering that allows the landowner, the royalty recipient, to ensure they are being paid the correctly by the oil and gas company.
First, it’s important to understand that this is not your typical financial statement audit. It’s not an attest service. Instead, Rea’s oil & gas team looks at a series of data points to ensure royalty recipients are receiving the appropriate payment.
“Expect more from your professionals. You deserve the best, and I know our team at Rea & Associates can provide you the best. Client service is our priority and we can provide that to you.” – Scott Moyer
Anyone who receives royalties for use of their land and who does not completely trust the payor is a prime candidate for a royalty audit.
During this episode, Scott and Jim note that they have heard some landowners express concerned about requesting a royalty audit because they believe it will negatively affect their relationship with the producer. This shouldn’t be a concern, and most producers are prepared to schedule the process.
Even if there is not a royalty claim for additional revenue after a royalty audit is performed, the landowner will still receive peace of mind knowing that any payments being made are correct and in line with the lease.
Rea & Associates has a team of oil & gas industry experts who are uniquely positioned to address complex issues related to common landowner concerns. Check out the additional resources below to learn more about your options.
Check this out
If you liked this episode of unsuitable on Rea Radio, check out this one! Episode 36: Oil & Gas: The Economic Fuel That Powers Every Business, features David Shallenberger, CPA, manager and director of oil & gas services at Rea. Check it out now.
articles & insight
Engineer Your Own Success With Four Pillars – As companies continue to seek out opportunities in the Marcellus and Utica shale region, some landowners aren’t always fully aware of the opportunities they have at their disposal. Read on to learn about the Four Pillars Strategy that’s helping landowners realize their full earning potential.
What To Do If You Strike Oil Or Gas? – Landowners across Ohio have been coming to us with what we can only describe as a “good problem to have.” Oil or natural gas has been found below their properties and companies are interested in buying or leasing their mineral rights. Keep reading to learn more.
Take It To The Bank: Make Pipeline Easement Payments Work For You – If you’re a landowner who’s personally (and financially) benefitting from the oil & gas boom, you know that pipeline easement payments aren’t exactly chump change – and with big money comes big tax consequences. If you have a potential pipeline easement deal, don’t sign on the dotted line before you consider all the ways you can get more bang for your buck. Read on to learn more.
official transcript
Click here to read the official transcript for episode 65: live like royalty: landowners deserve top dollar for their land rights.