1509.30 Reports to holder of royalty interest.
1509.30 Reports to holder of royalty interest.
The holder of a royalty interest in any natural gas well may request the owner to report to him, no more frequently than the payment period in his contract with the owner:
(A) The volume of natural gas for which he was or is being paid for the most recent period in his contract with the owner, and for any other previous periods within two years of the date of production for which the owner has not already given him such a report;
(B) The price per thousand cubic feet paid to the holder for such gas;
(C) The volume of natural gas which was shown to have passed through the owner’s meter for the field containing the holder’s well.
The owner shall preserve records of such volume for at least two years after the date the record is made. Upon receipt by the owner or his agent of a request by the holder pursuant to this section, the owner shall supply the information to the holder within fifteen days, or the end of the current payment period in the contract, whichever is later.
If the holder’s well is metered, the owner shall in such report also inform the holder of the volume of natural gas which was shown to have passed through such meter during the period.
The volume of gas required to be reported by this section shall be indicated on the basis of a standard cubic foot of gas.
Effective Date: 07-14-1972