Reporting and Royalties
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Production Reporting and Royalties
Production & Royalties

The lessee is responsible for reporting production and paying royalties or causing royalties to be paid by the due date. Oil reports and payments are due on the 5th day of the second month following production. Gas reports and payments are due on the 15th day of the second month following production. Royalty payments may be reported and paid electronically. See the Reporting Manual for detailed preparation instructions. Mailing address is University Lands Accounting, P.O. Box 553, Midland, Texas, 79702-0553.

  • Oil and Condensate Report - UT-1 [ Excel | PDF ]
  • Adjustment Report for Oil and Condensate - UT-1A [ Excel | PDF ]
  • Gas Report - UT-2 [ Excel | PDF ]
  • Gas Adjustment Report - UT-2A [ Excel | PDF ]
  • Royalty Payment Summary - UT-3 [ Excel | PDF ]

next pointer in orange Contact: Scott Mims at ude.metsystu@smims


* Please note that copies of all forms submitted to the Texas Railroad Commission for University leases must also be sent to University Lands Oil, Gas and Mineral Interests, Midland.

Minimum Royalty

Minimum royalty is the amount of oil, gas, and shut-in royalties sufficient to maintain the UT lease in force and effect. Lessees are responsible for paying, or causing to be paid, the difference between the rental stated in the lease and total amount of royalties received by University Lands Accounting in the immediately preceding lease year. No additional amount is due if royalties equal or exceed the rental amount. Late payments are subject to penalty. For leases issued after May 16, 2001, minimum royalty is due one year after the expiration of the primary term and each year thereafter.

next pointer in orange Contact: Cindy Brooks at ude.metsystu@skoorbc

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Shut-in Royalty

UT leases may be extended and maintained by payment of shut-in royalty and the completion of a shut-in certificate. The number of shut-in periods available varies from lease to lease; refer to the UT lease agreement for specifics. The shut-in royalty fee as adopted by the Board for Lease of University Lands on May 19, 1998 is $1,200.00 per UT lease. Payment of shut-in royalty after the expiration or other termination of the UT lease will not revive or extend the UT lease.

next pointer in orange Contact: Georgia Pruitt at ude.metsystu@ttiurpg or
James Holtzclaw at ude.metsystu@walcztlohj

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