It has been my experience, that if one person asks, others have have the same question. Here's the answer:
Yes, there should be three revenue streams on royalty checks from the oil patch. (Obviously, sometimes those revenue streams go to "zero.")This answer, and answers to many other frequently asked questions can be found at the tab at the top of the blog, FAQS.
"O" for oil. "G" for natural gas. "P" for plant products. As the gas is processed and purified for transportation, by products like natural gas condensate, sulfur, ethane, and natural gas liquids like butane, propane, isobutane, and pentanes are produced and sold. Source.
