We get asked a lot of questions about what we do, how it works, and what our services might offer. To make it easy, we’ve collected the most common ones together in this simple list. If you don’t see your question, though, feel free to drop us a line! We’re more than happy to talk with you about any additional questions you might have.
I have been reviewing natural gas royalties since 2008.
There is a checklist on this website. We ask for the signed agreement and authorization forms that have been or will be provided by SRA, leases, division orders, and check details. If any of these are difficult to provide, please let us know and we can discuss other options.
The state of limitations differs by state but is typically between four and six years.
The time required for the review varies depending on the issues involved and how complicated they are. We will typically complete the initial review within a month from receiving all the necessary documentation from the royalty owner. We will then write a letter to the gas company asking questions based on that initial review. Some companies will respond promptly others will take substantially more time. We will usually receive a response in 30 to 90 days from receipt of our letter. After reviewing this response, we will know whether you are being paid correctly or not or we will need to ask more question of the operator. It can take six months to a year to complete a review.
We typically find errors that are substantial enough to be corrected in 15-20% of the royalties that we review.
The corrections will vary greatly from royalty owner to owner. We have recovered royalties for a few hundred dollars up to hundreds of thousands of dollars depending on the strength of the lease, the error made, and the size of the well.
We will review all products of the wells that are shown on the check details that you provide to us which can include along with natural gas, oil, natural gas liquids, and condensate. We have found that we do not find as many errors with oil royalties simply because there is better regulation and oil is a simpler product to measure as compared to natural gas and the other products.
No, our fees come from the back pay that you receive for corrections only. Any future benefits due to these corrections are 100% yours. For example if a deduction is corrected for the past two years, we receive 50% of that correction that is paid to you and our work is complete. In the future, your royalties will no longer include that deduction and no continuing fees will be due to us.
Victoria has been reviewing natural gas royalties for the past five years and started Snively Royalty Analysis in 2011. She has reviewed royalties for hundreds of clients and thousands of wells. She has dealt with dozens of different operators or gas companies and have developed a process of dealing with the companies and their differing methods of payment which allows for a thorough review of the royalties.
Victoria has a Bachelor of Science in Architecture from the Ohio State University and a Master of Architecture from Washington University in St. Louis. She also has architectural licenses in Arizona and California. She has found that her experience as an architect and in solving complex problems is well suited to natural gas royalty review and sorting out the issues that are unique to each review.
There can be dozens of owners with leases on an individual well. We do not require all of these owners to be signed up with us to complete a review. We would like all owners on a single lease to sign up with us but that is not absolutely necessary.
We would like all owners on a single lease to sign up with us but we are aware that there are many different types of arrangements with gas well leases. Please talk with us about your individual circumstances.
No, while some companies are more helpful than others when questions are asked about how royalties are paid, no company has ever retaliated in any way.
We started this business where we live in Phoenix, Arizona. We are able to efficiently review royalties from a remote location and have completed reviews in a number of states across the country.