Farmout Royalty Procedure

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Common Tab - Contract

Open

Enter Farmout Royalty

1. Navigate to the FO Roy Proc tab.

2. In the FORoyaltyType field, choose the type and year of FarmoutRoyaltyProcedure that you want to enter. Once chosen the system will display the corresponding FarmoutRoyaltyProcedure that was specified.

• Optionally, if you are changing existing provisions, enter the revision date in the Revision Date field.

3. In the FO Roy Proc fields, enter the information that you want to record.

4. If you wish to add a remark, navigate to the remarks radio button and enter the remark required. The specific clause will automatically contain a check mark.

5. Save your work.