Oil Due Dates
- The due date for December 2015 Oil Royalty Reports is Friday, February 5th.
- Royalty payments by check must be postmarked no later than Thursday, February 4th.
- Payments must be initiated with TEXNET by close of business on Thursday, February 4th.
Gas Due Dates
- The due date for December 2015 Gas Royalty Reports is Tuesday, February 16th.
- Royalty payments by check must be postmarked no later than Saturday, February 13th.
- Payments must be initiated with TEXNET by close of business on Friday, February 12th.
The Royalty Reporting and Control System is currently AVAILABLE
The Texas General Land Office (GLO) password recovery system will be implemented after business hours on August 21, 2015.
After that date reporting system users will be prompted to verify the employee name, email address and phone number on the first login.
Please communicate the correct password to all users within your company. Email verification and notification of password changes will only go to the email address on file for the Customer Identification Number (CID) in the GLO database. GLO has provided a RRAC Login Guide to assist you. This Guide is located in the Forms & Helpful Information page. All password changes will go through the new recovery system after August 21, 2015.
GLO staff will not have the ability to view or affect changes in passwords. Please email firstname.lastname@example.org or call 512-463-6850 if you have problems or questions regarding the password recovery process.
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, 2016 is 3.5%. Adding 1% makes the 2016 interest rate 4.5%. This interest rate will be applied to all delinquent royalties that that are due January 1, 2016 through December 31, 2016 (November 2015 through October 2016 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 email@example.com or (512) 463-8072.
RRAC Response Team | 512.463.6850 | firstname.lastname@example.org