Recent amendments to Oklahoma's Production Revenue Standards Act — the most comprehensive in decades — raise the stakes for true noncompliance with the state's oil and gas royalty payment framework, while offering operators clearer rules, defined interest boundaries and predictable exits from prolonged suspense situations, say attorneys at GableGotwals.
By Nick Merkley, Brooks Richardson and Scott Kiplinger ( June 25, 2026, 4:30 PM EDT) -- On May 6, Oklahoma Gov. Kevin Stitt signed H.B. 1371, enacting the most significant amendments to the state's Production Revenue Standards Act, or PRSA, since its adoption in 1980....
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