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Current as of January 01, 2025 | Updated by Findlaw Staff
Whenever payment is made to a royalty owner for the production of oil, gas or natural gas liquids from a conventional formation, pursuant to an oil and gas lease, all of the following information, at a minimum, shall be included on the check stub provided to the royalty owner or on an attachment to the form of payment provided to the royalty owner, unless the information is otherwise provided on a regular basis:
(1) A name, number or combination of name and number that identifies the lease, property, unit or well or wells for which payment is being made; and the county in which the lease, property or well is located.
(2) Month and year of oil, gas or natural gas liquids production for which payment is being made.
(3) Total barrels of crude oil or number of Mcf of gas or volume of natural gas liquids sold.
(4) Price received per barrel, Mcf or gallon.
(5) Total amount of severance and other production taxes and other deductions permitted under the lease, with the exception of windfall profit tax.
(6) Net value of total sales from the property less taxes and deductions from paragraph (5).
(7) Royalty owner's interest, expressed as a decimal or fraction, in production from paragraph (1).
(8) Royalty owner's share of the total value of sales prior to deduction of taxes and deductions from paragraph (5).
(9) Royalty owner's share of the sales value less the royalty owner's share of taxes and deductions from paragraph (5).
(10) Contact information, including an address and telephone number.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 58 P.S. Oil and Gas § 35.2. Payment information to royalty owners for oil, natural gas and natural gas liquids from a conventional formation - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-58-ps-oil-and-gas/pa-st-sect-58-35-2/
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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