Production and Royalty Payment Reporting
Monthly reporting by the operator on all producing University Lands’ oil and gas leases is required by the Texas Education Code (Chapter 66.77) and is further governed by the Board for Lease Rules (subchapter 3.1).
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. All production reporting must be submitted through the Compass Portal.