SECTION 165:10-27-13. Check stub information

(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.

[Source: Added at 10 Ok Reg 2601, eff 6-25-93]