Why does it take the federal government two to four weeks to process royalty payments?
MMS processes about 300,000 transactions per month from thousands of companies. MMS processes 90 percent of these transactions in about 10 workdays (July 1 to 10). While your money is earning interest, MMS enters the company reported lease data into its computer. Then the computer verifies the payor number, lease number, and that the company submitted enough money for the royalty amount. MMS then prepares the lease-level reports for the OTFM and BIA, who take a few days (July 11 to 14) to determine the correct individual ownership and to reconcile the owner information and payments to the lease-level information sent by MMS.
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