Natural Resources Code
Types Of Information Provided
Each check stub, attachment to a payment form, or other remittance advice must include:
the lease, property, or well name, any lease, property, or well identification number used to identify the lease, property, or well, and a county and state in which the lease, property, or well is located;
the month and year during which the sales occurred for which payment is being made;
the total number of barrels of oil or the total amount of gas sold;
the price per barrel or per MCF of oil or gas sold;
the total amount of state severance and other production taxes paid;
the windfall profit tax paid on the owner's interest;
any other deductions or adjustments;
the net value of total sales after deductions;
the owner's interest in sales from the lease, property, or well expressed as a decimal;
the owner's share of the total value of sales before any tax deductions;
the owner's share of the sales value less deductions; and
an address and telephone number at which additional information regarding the payment may be obtained and questions may be answered.
Added by Acts 1985, 69th Leg., ch. 199, Sec. 1, eff. Sept. 1, 1985. Amended by Acts 2001, 77th Leg., ch. 824, Sec. 2, eff. Sept. 1, 2002.