n o r t h w e s t o i l , g a s , a n d m in e r a l m a n a g e m e n t s e r v i c e s
NEW
Royalty
Manager
4 Production and Royalty Verification
™
We speak the gas company’s language.
4 Tax Information
Reporting
4 Automated Royalty
Payment Processing
Let us help protect your interests.*
1-800-572-6972 ext. 78901 • OilandGasHelp.com
*Northwest Savings Bank provides this information for general guidance only, and the contents do not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting.
NEW Royalty Manager
™
Northwest can give you the confidence,
certainty, and information you need
to better understand what is happening with
your lease and affecting your future.*
Designed for:
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Individuals or businesses
Farmers and timber acreage owners
Landowner groups
Owners of severed oil, gas, and mineral interests
Absentee royalty owners
Municipalities, authorities, and other government agencies
Charities, endowments, and foundations
We’ve got the answers:
• Helpful Tips
• Interactive Shale Maps
• Upcoming Events
• Oil and Gas Expert Blog
OilandGasHelp.com
n o r t h w e s t o i l , g a s , a n d m in e r a l m a n a g e m e n t s e r v i c e s
Why You Need It
• Make More Sense of Your Royalty Dollars.
Complex and detailed oil and gas royalty documents can be a
nightmare to read and comprehend – let alone verify. Northwest’s
Royalty Manager™ summarizes, organizes, and prepares custom
statements of your royalty income so you have a comprehensive
record for tax purposes.
• Keep Your Royalty Income on a Need to Know Basis.
You value your land. You also value your privacy. When royalties
roll in, curiosity can grow. Discreet in-home banking from
Northwest’s Royalty Manager™ will ensure your private business
stays that way.
• Make the Most of a Taxing Situation.
Northwest’s Royalty Manager™ provides timely statements for
tax preparation and looks for potentially deductible expenses you may have missed to help you and your tax preparer offset oil and gas income and prevent the overpayment of taxes.
• Be Sure You’re Paid for Selling Something You Can’t See.
When a farmer sells his crop, or a landowner his timber, he can
easily verify the basis for payment. But when you receive royalties,
you’re selling something you can’t see. How do you know if you are
being paid what you are owed? Let the experts at Northwest help.
Features and Benefits
• Trust.
Enjoy peace of mind with expert verification of payments and auditing of royalty calculations.
• Convenience.
Discreet in-home banking, including automated deposit of royalty checks and automated direction of funds.
• Expertise.
You’ll have the expert resources oil and gas companies have always had, including timely statements for tax preparation.
• Experience.
Learn from the experiences of others to avoid making the same mistakes, including lease offer review and evaluation.
n o r t h w e s t o i l , g a s , a n d m in e r a l m a n a g e m e n t s e r v i c e s
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Enroll: Once you sign up with Northwest’s
Royalty Manager,™ your oil and gas royalty payments are received and processed by our staff each month.
Review:
Your royalty account statement or check
detail is examined and compared to your lease, division order, and declaration of pooling and unitization.
Reconcile:
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Production, price, and expense
data is reviewed and any discrepancies are flagged,
triggering the Royalty Manager™ reconciliation process.
How
Royalty
Manager
Works
™
Deposit: Your royalty proceeds are deposited within
24-48 hours of verification into the checking, savings, tax escrow,
investment, trust, or other accounts of your choosing.
Summarize:
Detailed account data is compiled and
summarized for your ready reference in monthly Royalty
Manager™ statements from Northwest. Additional Resources
• Most customers find it helpful to consult with Northwest’s
financial advisors, free of charge, when deciding upon the
allocation of their monthly royalty deposits.
• We recommend that you consult with your tax advisor to learn the best percentage to set aside each month in a tax reserve account to cover future tax liabilities.
• In addition to the monthly statement, you will also receive an
annual statement which will include a year-to-year review of
the price, production and expense items shown in the monthly
statements, as well as an itemized statement of expense items for
tax preparation purposes.
Royalty Manager™ protects your interests,
simplifying what’s complicated and confusing.
JOHN DOE
123 MAIN STREET
ANYTOWN, PA 45678
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1 Property Location Description
2 State and County
15 Gross Value of Owner Net
3 Product Transaction Date: Month-Year
16 Tax Amount from Owner Net
4 Type of Product
17 Tax Code
5 Owner Decimal Interest
18 Deduction Amount from Owner
6 Type of Interest
19 Deduction Code
7 British Thermal Unit (Measure of the Heat Value of Gas)
20 WPT
8 Unit Price Per Barrel or MCF
21 Net Value of Owner, After Taxes and Deductions
9 Quantity of Product Transacted in Barrels or MCF
22 Property Number and Name
10 Total Value: Volume x Unit Price
23 Sum of Net Amount for All Properties
11 Tax Deducted from Gross
24Sum of Net Amount for Oil
12 Deduction Amount from Gross
25Sum of Net Amount for Gas
13 Gross Value After Tax and Deductions
14 Net Volume: Owner’s Net Interest
1-800-572-6972 ext. 78901 • OilandGasHelp.com
*Northwest Savings Bank provides this information for general guidance only, and the contents do not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting.
The right bank. The right people. The right answers.
About Us
Northwest Bancshares, Inc. is the chartered savings and loan
holding company that operates Northwest Savings Bank,
headquartered in Warren, PA. Founded in 1896, the bank
operates community banking offices in Pennsylvania, New
York, Ohio, and Maryland.
In light of this history of service — and in an effort to
better address our customer’s growing current and future
needs — Northwest identified a need to provide a special
level of service to its landowner customers throughout this
expanding oil and gas producing region.
Northwest Savings Bank has long experience working
with oil and gas royalty owners, helping our customers
throughout Pennsylvania’s traditional oil and gas “patches”
with their banking, lending and investment needs. We have
branches in most of the counties in which Marcellus and
Utica Shale leasing has occurred or is likely to occur.
The result? Our Oil, Gas, and Mineral Services Division.
Our goal is to serve as your trusted, local resource and
advisor in this often confusing and intimidating industry.
We hope you’ll come to think of Northwest as “The Right
Bank, The Right People, The Right Answers.”
If you would like to schedule an
appointment to discuss specific
oil and gas lease income issues,
contact us today for a free consultation.
Attorney Bud Shuffstall
Senior Oil, Gas, and Mineral Officer
(800) 572-6972, ext. 78902
bshuffstall@nwbcorp.com
Tabitha Bean
Operations Officer
(800) 572-6972, ext. 78901
tbean@nwbcorp.com
Attorney Chris Junker
Oil, Gas, and Mineral Officer
(800) 572-6972, ext. 78903
cjunker@nwbcorp.com
Pictured from left to right: Bud Shuffstall, Tabitha Bean, Chris Junker
1-800-572-6972 ext. 78901 • OilandGasHelp.com