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Royalty Reporting
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.
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.
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.
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.
Royalty Production and Payment Online Reporting System
The new Land Office Royalty Reporting System is set to "Go Live" on May 20, 2011 and will work with the April 2011 Production Year Month reporting time period.
Please visit Royalty Reporting and Control for up-to-date information needed for you to be prepared for the "Go Live" date. If you have any questions, please call (512) 463-6850 or e-mail us at glo123@glo.state.tx.us.
Mike May