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Electronic Payments / TEXNET

All companies that remit oil and gas royalties are encouraged to make electronic payments. Companies that remit $20,000 or more annually in royalties are required to submit these payments electronically. Electronic payments are made using the Texas Comptroller's TEXNET System.

Payments made through TEXNET may be paid by either an ACH Debit or an ACH Credit with Addenda. Please refer to the TEXNET Electronic Funds Transfer - University Lands guidelines document regarding TEXNET payments to the Comptroller’s office specifically for payments to University Lands.

For Electronic Payment questions, please contact Samantha Major at smajor@utsystem.edu.