(a) Payment information.--Whenever payment is made to a royalty owner for the production of oil, gas or natural gas liquids from an unconventional 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:

(b) Summary statements.--A payor may make available and provide for a summary statement format for a royalty owner to receive the information under subsection (a) upon the mutual consent of the royalty owner and payor. The summary statement shall conspicuously disclose that the royalty owner has the right to receive the information under subsection (a) in its entirety upon written request, sent by certified mail, to the payor. Upon receipt of a written request under this subsection, the payor shall provide all the information under subsection (a) in its entirety from the month of the notice and each subsequent month thereafter and for any prior period requested by the royalty owner. Nothing in this subsection shall be construed as a waiver of the ability of a royalty owner to receive the information under subsection (a).

(c) Noncompliance.--If a payor does not provide the payment information to a royalty owner as required under this section, the royalty owner may send a written request for the information to the payor by certified mail. The royalty owner shall identify the lease information under subsection (a)(1) in the written request. If the payor does not provide payment information or does not supply a reason for not providing the payment information within 60 days after receiving the written request, the royalty owner may bring a civil action to enforce the provisions of this section and to recover any resulting attorney fees or court costs incurred in the civil action.

(d) Transmission of information.--If a royalty owner has already been receiving the payment information required under this act electronically before the effective date of this subsection or upon the mutual written consent of the information payor and the royalty owner, all information required to be included under subsection (a) may be provided or made available to the royalty owner by electronic means, including, but not limited to, electronic mail or a website or database accessible to the royalty owner.

(f) Accumulation of proceeds.--Proceeds from the production of oil, gas and natural gas liquids may be accumulated and remitted annually for a 12-month accumulation of proceeds totaling less than $100, unless production permanently ceases or a relinquishment or transfer of the payment responsibility occurs.