On the Well Revenue Operating Summary, it shows that 100% of my revenue is accounted for, but only 73% of my taxes. Why wouldn't this match up?

If the owner is marked as tax exempt, OR if the option is marked for the purchaser to withhold direct paid tax on this well, either of these options would cause the tax displayed on the Well Revenue Operating Summary to appear as the 'net', instead of the 'gross' as the revenue does. Since either option would keep the system from allocating the full amount of tax, the report will only display the portion of tax that will be allocated to the owners during the run closing.

If you have direct paid owners on this well's division of interest, and the purchaser is also withholding the tax, it is likely that the option for the purchaser to withhold the direct paid tax is also checked. If that is the case, the Well Revenue Operating Summary is printing correctly, and as designed.

This report is not designed to show the gross tax amount when there are direct paid owners in the well and the purchaser is withholding the tax. It is necessary that you leave the option selected so that the system can allocate the correct amount of tax to the other non-direct paid owners within the well.

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