Whenever payment is made for oil or gas production to an interest owner, whether pursuant to a division order, lease, servitude or other agreement, all of the following information, at a minimum, shall be included on the check stub or on an attachment to the form of payment, 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 gas production .
(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) Interest owner's interest, expressed as a decimal or fraction, in production from paragraph (1).
(8) Interest owner's share of the total value of sales prior to deduction of taxes and deductions from paragraph (5) .
(9) Interest owner's share of the sales value less the interest owner's share of taxes and deductions from paragraph (5).
(10) Contact information, including an address and telephone number.
Added by P.L. 473 2013 No. 66, § 4, eff. 9/7/2013.