About – Royalty Management

The Royalty Management Division processes oil and gas royalty revenue and executes related audit and compliance programs to maximize revenue for the beneficiaries.

The Royalty Management Division processes oil and gas royalty revenue and executes related audit and compliance programs to maximize revenue for the beneficiaries.

The Revenue Processing Bureau is responsible for the monthly collection processing and distribution of all revenue derived from the production and sales of oil, natural gas, and CO2.  This area is also responsible for the validation of all assessments and credit notices.

The Compliance Bureau is responsible for the resolution of company suspense accounts and the collection of outstanding billings.  The Compliance Bureau also addresses refund requests, bankruptcy, trespass issues, and administers an advanced payment program which requires royalty remitters maintain an average monthly royalty balance that is computed annually.

The Audit Bureau is responsible for conducting field and desk audits of State Lessee’s royalty reports and remittances.  This team ensures royalty calculations are in compliance with the statutory lease, agency regulations, and policies, and court decisions and rulings.