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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When I was in the well owner's division of interest, when you look at the owners, there is a category on the grid that says "type" and "B" is what is entered in that field. I changed all of the royalty owners to "n" for none in another screen so that they would not be directly paid by the purchaser of the gas. Could this be the same thing or does the "b" mean something else?

In the "Type" Field you can choose Both, Oil, or Gas. You can leave this as both unless an owner should not receive either oil or gas revenue. If the owner should not receive gas revenue then you should but oil here so that he only receives oil revenue.

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At the bottom of the division of interests screen there are boxes designated as taxes (gas, oil, other). Our accountant went through and marked "gas" on the owners at the percent they are designated from the well. Is this correct and could someone explain to me what these tax fields are for?

The tax fields are for determining how to split up any taxes that get entered for the wells. Normally, those fields get filled in automatically with the same percentages as the corresponding revenue interests, but there are rare instances where tax and revenue percentages are different, which is why we let them be specified separately.

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