SECTION 165:10-27-4. Well operator records

  Each well operator shall establish or cause to be established records showing the production allocations and payments to each interest owner in the well. For purposes of such records, the working interest owners shall provide the well operator with accounting and remittance information as required by statute. At a minimum, the required information shall consist of the name, address, interest amount and tax identification number of each royalty owner along with payment status. Each working interest owner shall provide said information in writing within 60 days of receipt of a written information request from the well operator. Updated information shall be provided by a working interest owner within 60 days after receipt of notice of a change.

[Source: Added at 10 Ok Reg 2601, eff 6-25-93; Amended at 11 Ok Reg 3699, eff 7-11-94]