Get Pr4227 7 Michigan

Filling out the Pr4227 7 Michigan form accurately is crucial for ensuring proper royalty remittance. This guide provides clear, step-by-step instructions for completing the form online, making the process as straightforward as possible.

Follow the steps to fill out the Pr4227 7 Michigan online.

1. Press the ‘Get Form’ button to access the Pr4227 7 Michigan form and open it in your preferred digital editor.
2. Begin by entering the remitter name, which is the name of your designated representative or organization completing the form.
3. Fill in the address fields, including city, state, and zip code to ensure correct identification and correspondence.
4. Provide the contact person’s name and telephone number for any necessary follow-up communications regarding your submission.
5. In the first column, input the Property Payment/Well ID number, ensuring it is accurate and matches your company records.
6. Next, state the Producing Unit Name, which should be the full designated name of the well or production unit.
7. Enter the Well Permit Number assigned to the specific producing unit to maintain tracking and legal compliance.
8. Indicate the Production Type by selecting the type of hydrocarbon or mineral sold, such as oil, gas, or other relevant category.
9. Specify the Production Month and Production Year accurately to reflect the correct reporting period for the royalties.
10. Report the 100% Gross Volume as sold. This should reflect the total volume of mineral or hydrocarbon sold under the relevant contracts.
11. In the PSI Basis section, identify the pressure basis relevant to your gas sales to ensure accurate volume calculations.
12. Provide the Measurement Basis, clearly indicating the unit of measurement used for production, such as barrels or million British thermal units.
13. Calculate and enter the Mmbtu Conversion Factor, ensuring it corresponds with the volume at the specified pressure.
14. Indicate the percentage of volume you are responsible for paying, entering this in the % of Vol Paying For field.
15. Complete the financial columns by entering gross price, gross revenue, decimal interest, state gross royalty, gross costs, and net cash royalty with careful attention to each calculation.
16. Verify all information entered for accuracy before signing and dating the form to complete your submission.
17. Once completed, save your changes, then download, print, or share the form as needed.

Complete your Pr4227 7 Michigan form online today to ensure timely and accurate royalty payments.