§ 30-5-301 — Payment for production; time for payment; payor

Wyoming § 30-5-301

• Jurisdiction: Wyoming
• Title 30: Mines and Minerals
• Ch. 5: OIL AND GAS
• Art. 3: PAYMENT FOR INTERESTS IN PRODUCTION

Text

(a) The proceeds derived from the sale of production from
any well producing oil, gas or related hydrocarbons in the state
of Wyoming shall be paid to all persons legally entitled
thereto, except as hereinafter provided, commencing not later
than six (6) months after the first day of the month following
the date of first sale and thereafter not later than sixty (60)
days after the end of the calendar month within which subsequent
production is sold, unless other periods or arrangements for the
first and subsequent payments are provided for in a valid
contract with the person or persons entitled to such proceeds.
Payment shall be made directly to the person or persons entitled
thereto by the lessee or operator or by any party who assumes
such payment obligation under any legal arrangement.
(b) Notwithstanding subsection (a) of this section:
(i) Payments shall be remitted to the person or
persons entitled to proceeds from production annually for the
aggregate of up to twelve (12) months accumulation of proceeds
if the total amount owed is one hundred dollars ($100.00) or
less;
(ii) Notwithstanding paragraph (i) of this
subsection, upon written request of the payee, payments shall be
remitted to the payee within sixty (60) days following receipt
of the request if the aggregation of the proceeds is twenty-five
dollars ($25.00) or greater;
(iii) In no case shall payments be made under this
section later than twelve (12) months following the date of
cessation of production;
(iv) Payments shall be remitted to entitled persons
within twelve (12) months following the date the payor is no
longer responsible for the payments.
(c) The lessee or operator is exempt from the provisions
of W.S. 30-5-301 through 30-5-303, and the purchaser shall
assume the operator's responsibilities for making such payments
if the operator and purchaser have entered into arrangements
whereby the proceeds are paid by the purchaser to those legally
entitled thereto.