To clarify the process of royalty payments for wells in this state.

HB 4867 (West Virginia) clarifies royalty payment processes for oil and gas well owners. It requires operators to provide detailed monthly reports to royalty owners, including production volumes, sale prices, deductions, and contact information for each well. Operators may accumulate payments until exceeding $100 per owner but must pay at least annually, and must pay interest (prime rate + 2%, compounded quarterly) for late payments beyond 120 days. This bill directly affects mineral rights owners and oil/gas operators by increasing transparency and enforcing timely payments.