Oklahoma Administrative Code
Title 165 - Corporation Commission
Chapter 10 - Oil And Gas Conservation
Subchapter 27 - Production Revenue Standards
Section 165:10-27-13 - Check stub information
Universal Citation: OK Admin Code 165:10-27-13
Current through Vol. 41, No. 13, March 15, 2024
(a) With each royalty payment, the following information shall be provided:
(1) lease or well identification;
(2) month and year of sales included in the
payment;
(3) total barrels or MCF
attributed to such payment;
(4)
price per barrel or MCF, including British Thermal Unit adjustment of gas
sold;
(5) gross production and
severance taxes attributable to said interest;
(6) net value of total sales attributed to
such payment after deduction of gross production and severance taxes;
(7) owner's interest in the well expressed as
a decimal;
(8) owner's share of the
total value of sales attributed to such payment before any
deductions;
(9) owner's share of
the sales value attributed to such payment less owner's share of the production
and severance taxes.
(b) Upon payee's request, the payor shall provide a list of any other deduction from such payment.
(c) All revenue decimals shall be calculated to at least six decimal places.
(d) Gas volumes shall be measured according to 52 O.S. Section 474.
Added at 10 Ok Reg 2601, eff 6-25-93
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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