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Current as of January 01, 2025 | Updated by Findlaw Staff
When a payment is made for proceeds attributable to oil or gas production, the payment shall be accompanied by the following information, or the following information shall be calculable from the information provided with the payment:
(a) The lease, property, or well name or any lease, property, or well identification number used to identify the lease, or well;
(b) the month and year during which the sale occurred for which payment is being made;
(c) the total volume of oil, attributable to such payment, measured in barrels and the total volume of either wet or dry gas, attributable to such payment, measured in thousand cubic feet;
(d) the price per barrel of oil or thousand cubic feet of gas sold;
(e) total amount of state severance and production taxes;
(f) payee's interest in the sale expressed as a decimal;
(g) payee's share of the sale before any deductions or adjustments;
(h) payee's share of the sale after deductions or adjustments;
(i) an address and telephone number from which additional information may be obtained and any questions answered.
Cite this article: FindLaw.com - Kansas Statutes Chapter 55. Oil and Gas § 55-1620. Oil and gas payments to interest owners; information required to be included - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-55-oil-and-gas/ks-st-sect-55-1620/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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