1.This manual provides general information regarding oil and gas reports and payments, including rights, requirements, responsibilities, disclaimers, and a summary of royalty reporting changes.2.The manual also provides information on the royalty reporting and control system (rrac), RRC level reporting, prior period adjustments/amendments (ppa) and legacy data, affidavits for production/royalty reports (form glo-ra 005), blanket authorization numbers, and responsibility for royalty payments.3.Finally, the manual provides information on the basis for computing royalties, valuation of oil, gas, and other products for royalty purposes, volume subject to royalty, plant products, minimum royalty, penalties, delinquent payments and reports, partial payment of delinquent royalty, first lien, and forfeiture.
This manual outlines procedures for reporting oil and gas production and paying royalties to the Texas General Land Office. It covers reporting forms (GLO-1, GLO-2, GLO-3), payment deadlines, electronic reporting via RRAC, and responsibilities of lessees, operators, and purchasers. It also explains changes to reporting at the RRC level and how to handle prior period adjustments.
Key sections include affidavit requirements, payment due dates, and rules for electronic submissions. The manual is not a legal document but serves as a reference for compliance with Texas regulations.
Oil and condensate royalty payments must be received by the 5th day of the second month after production. Gas royalty payments must be received by the 15th day of the second month after production.
Royalty payments must be accompanied by a General Land Office Royalty Payment Document (GLO-3).