Get Osage Form 157 - Oil Lessee Report For Consolidated Leases Only

The Osage Form 157 is a critical document for oil lessees managing consolidated leases. This guide will provide step-by-step instructions to help users complete the form accurately and efficiently online.

Follow the steps to complete your Osage Form 157 online.

1. Click ‘Get Form’ button to access the form and open it in your preferred editing tool.
2. Fill in the lessee ID number in the specified field, ensuring it matches the identification number assigned to your lease.
3. Enter the lessee name, making sure it is the official name associated with the lease.
4. Provide your current phone number for any follow-up communications regarding your report.
5. Complete the address section, including city, state, and ZIP code where you can be reached.
6. Input the legal description of the property, including contract number, quarter section, township, range, and division.
7. Fill in the purchaser’s name and the royalty paid by them, ensuring to note the appropriate subdivisions.
8. Record the volume of oil sold in barrels (BBLS) for the reporting period in the respective column, along with the rate and royalty amount.
9. Document the amount of oil produced (in BBLS) and the number of wells that produced during the month.
10. Ensure all columns for each consolidation are totaled appropriately as stated in the form instructions.
11. At the end of the report, ensure you certify the report's accuracy by signing and dating it, and provide your title and telephone number.
12. Finally, save changes to your completed report, and download, print, or share the form as required.

Start filling out your Osage Form 157 online today to ensure timely submissions and compliance.