Royalty Reporting

According to 11 AAC 04.030 and 11 AAC 04.040 each lessee must file, monthly, all reports and supporting documentation required for the current production month for each active Accounting Unit in which they have lease working interest ownership. An Accounting Unit is any Lease Operation, Unit Tract Operation, or Participating Area that constitutes a single production, financial, and reporting entity.

Royalty reports (O-1, A-1 and S-1 forms) will be filed electronically and consist of real numbers which can contain formulas. Electronically filed reports must follow the royalty report instructions and provisions. Most payments are submitted electronically using either Automated Clearing House (ACH) payment procedures or by Wire Transfer.  Payments can be submitted by check as well.

Net Profit Share Lease Reporting

According to 11 AAC 83.245 each lessee must file all reports and supporting documentation required for the current production month for each NPSL Lease in which they have ownership no later than 60 days following the end of each month.

NPSL reports (VV, AC, PT and S-1 forms) will be filed electronically and consist of real numbers which can contain formulas. Electronically filed reports must follow the report instructions and provisions. Most payments are submitted electronically using either Automated Clearing House (ACH) payment procedures or by Wire Transfer.  Payments can be submitted by check as well.