The Royalty Resiliency Act is a rule that helps the government keep track of money from selling oil and gas. It makes sure that everyone knows what to do and when, like report amounts within 120 days, to make counting money fairer and smoother.

H. R. 7377 is a plan to change how money is managed from letting people use government land for oil and gas. It says that if someone asks how much oil or gas is being made, the boss needs to give an answer fast, and until then, people should pay based on their best guess without any extra costs for being late.

Imagine the government as a landlord who rents out big sandboxes to dig for hidden treasures, like oil and gas. The Royalty Resiliency Act wants to make sure everyone pays the right amount for playing in the sandboxes and lets the landlord decide who gets what treasure faster, without any late fees if they need more time to figure it out.

The Royalty Resiliency Act wants to make sure that companies who take oil and gas from the ground pay the right amount of money to the government. The bill says the government must decide how to share the oil and gas quickly, and if companies make mistakes, they can fix them without getting into too much trouble.