Onrr royalty reporting software

Royalty valuation produced the following examples to assist onrr stakeholders in correct valuation reporting. Software vendors look for reporting tools that integrate with specific functionalities of their software, such as a knowledge base, custom portal etc. Staff revenue accountant specializing in onrr and state royalty and severance tax reporting. New production reporter checklist new production operator checklist. Assist in developing and promoting sound recommendations that enhance. Position available revenue accountant artesia, nm job. It is probably the most important part of the lease to the landowner. This module provides an indepth look at selected reports available from the reports main menu item. Royalty report for licensees based in wyoming januarymarch 2018 out of state royalty reporting. This portion of the web site assists royalty reporters to set up an account with onrr, to report and pay royalties to onrr, tribes, andor allottees properly, and to contact us for assistance. Human errors in the manual preparation of the reporting to the licensor. Follow the checklist to assure your company is correctly set up to report and remit royalty payments. The onrr data warehouse portal provides secure access to the ecommerce web site, where you report royalties electronically, and to the data warehouse, where you can view your reporting history, and to your statement of account.

Onrr cannot legally pay interest under any circumstances. The oil and gas industry faces unique challenges related to reporting royalties for production on federal land. The royalty data analyst will directly support the director of finance for iheartradio work directly with royalty team dbas, content and bi to extract and qa royalty reporting data for monthly royalty. Onrr reporting, onrr unbundling and new mexico tax and royalty reporting experience desired but not required. Compliance overview office of natural resources revenue. It is important that ogor reporting is accurate because of the frequency of audits as well as fines for inaccurate reporting from the onrr. New royalty reporterpayor checklist new royalty reporter checklist. Royalty software vendor directory for book publishers. The submission id is displayed on the main payment page of the form onrr 4430, solid minerals production and royalty report. Onrr provide guidance in accordance with federal and indian valuation regulations to onrr employees, state and tribal partners, and to reporters who. Landowners can have problems understanding how the royalty. If your company has never reported and paid royalties to onrr, you must complete these steps to assure your company is correctly set up to do so. Regulatory outsourcing provides the independent oil and gas operator valuable time to focus on other aspects of their business, making their operations more. All transmissions are encrypted using 256bit secure ssl certificates.

The new rules 3173 site security, fmp, commingling, off lease measurement 3174 oil measurement 3175 gas measurment 3178 royalty free use 3179 waste prevention all rules. Manage federal and indian royalty monthly reporting along with responding to onrr. If i still have questions about reporting, valuing, and paying royalties in light. Alliant royalties is proven across industries to address these issues, and it is the leading solution for the comprehensive automation of royalties management and accounting. Royalty reports are due 10 business days following the end of each calendar quarter royalty report for licensees based in wyoming apriljune 2018. Royaltybearing products being part of a bundle, and the bundle is unintentionally left out of the reporting. For the petroleum industry the oil and gas industry is uniquely characterized by a high level of government. Valuation regulation faqs office of natural resources revenue. Enertia oil and gas accounting software experience is desirable. General accounting including payroll and financial statement preparation.

Our system can provide you with the statistics required by the new rules. Department of the interior privacy impact assessment. The eclipse royalty and rights management system errms combines software, services and ongoing support tailored specifically for organizations operating in the merchandizing, publishing and media. Use this form to remit payment for a form onrr2014 and any onrr invoice. A royalty is the landowners share of the gross production, which is free of the costs of production. Federal ogor reporting is a summary of all operations conducted on a leaseagreement during the specific production month. New solids reporter checklist new solid minerals checklist.

We have developed and implemented processes to combat the seemingly impossible task of properly reporting louisiana royalties to the state of louisiana. Effective now, all courier service and inperson deliveries to onrr should be made to the denver federal center, building 85, entrance n1 room 322, denver. On the dashboard, click submit to begin the submission process for the desired royalty report note. Access royaltyzone from anywhere in the world, with no hardware or software to install or maintain. Federal royalty reporting onrr 2014 royalty reporting in todays complex environment of governmental reporting, our team of experienced professionals will assure that your reporting meets all required. The regulations require payors reporters to report and to remit royalties on oil, gas, and geothermal resources produced from leases on federal and indian lands. The new royalty determination requires that reporting be done on a performance basis. Fs is comprised of a commercial offtheshelf cots software application that has been configured and customized for onrrs business processes. Onrr verifies reporting, conduct audits, enforce laws, regulations, lease terms and. Royalty reporting except solid minerals this portion of the web site assists royalty reporters to set up an account with onrr, to report and pay royalties to onrr, tribes, andor allottees properly, and to contact us for assistance. By hosting backbeat in the cloud on the most powerful ibmi servers even the smallest. All necessary documents must be submitted to the glo at least fifteen 15 business days prior to the applicable royalty reporting and payment deadlines, unless otherwise noted in the lease.

Federal oil and gas royalty management act fogrma, amendment. Onrr manages and ensures full payment of revenues owed for the development of the nations energy and natural resources on the outer continental shelf and onshore federal and indian lands. Onrr determined that secretary zinkes reestablished royalty policy committee is better positioned to develop new valuation regulations that would address the defects in the repealed rule. Form onrr2014, report of sales and royalty remittance. The online royalty reporting function was created to benefit licensees in the following ways. Oil and gas exploration and production services emergent. At times, they may even decide not to build a native. Ogor oil and gas operations report offshore and onshore. Royalty reporting the regulations require payors reporters to report and to remit royalties on oil, gas, and geothermal resources produced from leases on federal and indian lands. Backbeat solutions for book, film and music royalties. Forms and agreements trademark licensing university of. If your company has not previously reported production on leasesagreements to onrr, follow the checklist to assure your company is correctly set up to report. When an exploration and production company found themselves subject to an onrr audit of royalty payments and production reporting, they turned to us to help them draft their response. Frequent changes in the rules and guidelines set forth by the office of.