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. In order to access this system, a payor must complete and return a University of Texas System Payor Information Form to the Comptroller.

Payments made through TEXNET may be paid by either an ACH Debit or an ACH Credit with Addenda. Refer to TEXNET Electronic Funds Transfer-University Lands, Electronic Funds Transfer of TEXNET, and TEXNET Instruction Booklet for detailed information. The following documents are related to TEXNET payments:

For Electronic Payment questions, please contact Claudia Molina at cmolina@utsystem.edu.