Page Content

Royalty Reporting


Decrease text sizeRestore default text sizeIncrease text size  Print this page

To ensure that the Permanent School Fund is receiving the most revenue possible from state lands, the Texas General Land Office makes it a priority to properly account for production revenue from state oil, gas and hard mineral leases.

The importance of the Permanent School Fund places a special responsibility on the lessee/operator or agent to report revenues correctly, and on the Texas General Land Office staff to administer and enforce rules and regulations fairly and uniformly.

The lessee/operator or agent is required to submit a report on total production volume and total non-sales dispositions. If the lessee/operator or agent markets all production from a property, the operator or agent must also report the sales volume, value, and calculate a royalty due. Any working interest owners or agents who market their share of production must report their sales volume, value, and calculate a royalty due.

star GLO-1: Oil and Condensate Production/Royalty Report

Oil and Condensate Production/Royalty Report
This is used to report the monthly oil and condensate production on both non-unitized and unitized state leases. The GLO-1 includes the volume and disposition of monthly oil and condensate production, as well as the value of disposed volumes and royalty due.

star GLO-2: Gas Production/Royalty Report

Gas Production/Royalty Report
This is used to report the monthly production of gas and natural gas liquids/products on both non-unitized and unitized state leases. The GLO-2 form is also used to report plant condensate. The report includes the amount of natural gas produced, the gross value of any sales and the royalty due.

star GLO-3: Royalty Payment Document

Royalty Payment Document
Each royalty check, money order or bank draft must be accompanied by a Royalty Payment Document (GLO-3). It shows the lease(s) and amount of royalty that corresponds with the GLO-1 or GLO-2 that has also been filed.

Links to Additional Resources

Rules


Contacts

Mike Nicklaus
512.475.1517
Mike Nicklaus
James Ybarbo
512.463.5184
James Ybarbo
Susan Wauer
512.463.3889
Susan Wauer
Hannah Carnes
512.463.9083
Hannah Carnes
Sonya Barguiarena
512.475.1447
Sonya Barguiarena
Mike May
512.463.5379
Mike May