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§ 35.2. Payment information to royalty owners for oil, natural gas and natural gas liquids from...

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 58 P.S. Oil and GasEffective: March 3, 2023

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 58 P.S. Oil and Gas (Refs & Annos)
Chapter 1. Oil and Gas Wells (Refs & Annos)
Oil and Gas Lease Act
Effective: March 3, 2023
58 P.S. § 35.2
§ 35.2. Payment information to royalty owners for oil, natural gas and natural gas liquids from a conventional formation
Currentness
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.

Credits

1979, July 20, P.L. 183, No. 60, § 3.2, added 2013, July 9, P.L. 473, No. 66, § 4, effective in 60 days [Sept. 9, 2013]. Amended 2022, Nov. 3, P.L. 2147, No. 153, § 2, effective in 120 days [March 3, 2023].
58 P.S. § 35.2, PA ST 58 P.S. § 35.2
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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