ROYALTY REPORTING DUE DATES

Oil Due Dates

  • The due date for November 2018 Oil Royalty Reports is Friday, January 5, 2018.
  • Royalty payments by check must be postmarked no later than Thursday, January 4, 2018.
  • Payments must be initiated with TEXNET by close of business on Thursday, January 4, 2018.

Gas Due Dates

  • The due date for November 2017 Gas Royalty Reports is Tuesday, January 16, 2018.
  • Royalty payments by check must be postmarked no later than Saturday, January 13, 2018.
  • Payments must be initiated with TEXNET by close of business on Friday, January 12, 2018.

The Royalty Reporting and Control System is currently AVAILABLE

Login to RRAC System


Announcements

On Feb. 2, 2010, the School Land Board approved a change in the interest rate that is applied to delinquent royalties.  Per TAC Sec. 9.51, for royalties due on or after Feb. 26, 2010, the interest rate to be applied is set on the first business day of the year the royalty becomes delinquent.  The rate is the Wall Street Journal Prime + 1%.  A new interest rate will be set the first business day of each year.

The WSJ Prime Rate on January 2, 2018 was 4.50%.  Adding 1% makes the 2018 interest rate 5.50%.  

This interest rate will be applied to all delinquent royalties that that are due January 1, 2017 through December 31, 2017 (November 2016 through October 2017 production).  Any oil payment not received by the 5th day of the second month succeeding the month of production and any gas payment not received by the 15th day of the second month succeeding the month of production shall be considered delinquent.

If you have any questions about this new rate, please contact Donna Keel at donna.keel@glo.state.tx.us or (512) 463-8072.


OIL & GAS

Proposed Spring Lease Sale - April 3, 2018 at 10:00 a.m.

The Texas General Land Office, the School Land Board, Other Boards for Lease and Energynet.com - Oil | Gas | Other Minerals

Consideration will be given to all nominations received on or before January 16, 2018 at the address below:
Texas General Land Office
1700 N. Congress Ave., Suite 840
Austin, Texas 78701-1495

ENERGY MARKETING

Energy For Public Entities In Texas

The Texas General Land Office, through its State Energy Marketing Program (SEMP), sells natural gas and electricity competitively to public entities lowering their costs and earning money for the Permanent School Fund (PSF).

The Texas Legislature authorized these sales to maximize revenues from the oil and gas royalties earned from state land. SEMP sells natural gas through the State Gas Program and electricity through the State Power Program.

Learn More