Royalty Owner FAQs

  1. What does all the detail on my check mean?
  2. When will I receive my 1099 forms and what if I need an additional copy?
  3. When should I receive my royalty payment?  What do I do if I have not received my check?
  4. Who do I contact if I want to sell my crude oil to Sunoco Marketing & Terminals?
  5. What do I need to do in the event of a death or transfer in ownership?
  6. What do I need to do to sell or transfer my interest?
  7. What procedure should I follow to change my address for ownership or tax identification number?
  8. Who do I contact if there is a change of operator and/or purchaser?
  9. What is the interest on my property worth?

Contact Us if you have a question that isn't answered here.


1.  What does all the detail on my check mean?
Starting at the top left hand corner of the check and across:

Owner Name – Name of Interest Owner
Owner Number – Your Account Number
Tax Identification – Social Security or Federal Tax I.D. Number
Payment Date – Actual date that check is issued
Payment Number – Check Number
Control Number – Our Internal Number
Starting at the top left hand corner of the box and across
Lease Name – The name of the well the crude is purchased from
Lease Number – Our tracking number for accounting and payment purposes
Sales Date – Month and year oil was purchased
PR CD – Product Code designating oil or gas
Property Interest – Total purchase information for well(s)
Quantity – Total volume of the product purchased on the lease
Avg Price – Calculated price on current month's sales
Property – Gross value divided by quantity
Gross Value – Total value of sale on that property
State Tax – Severance and other production taxes paid to the State where the lease is located
Property Net Value – Total value minus all taxes
Owner Decimal Interest – Identified ownership interest in lease. Used to calculate owner's share of property sales and taxes
TI – Identifies Type of Ownership
W – Working Interest
RI – Royalty Interest
OR – Overriding Interest
PP – Production Payment
AJ – Adjustment Code
Oa – Allocation
1a – Barrel Calculation
2a – Frac Oil
3a – Gas Disbursement
4a – Incorrect Property Assigned
5a – IRS Withholding
5c – Oklahoma Non-Resident Income Withholding
6a – Lease Operating Expense
7a – Ownership
8a – Pricing
9a – Tax
Owner Gross Value – Owner's share of property gross value prior to any deductions (property gross value multiplied by owner's decimal interest)
Owner State Tax – Owner's share of severance taxes paid on sales (property tax multiplied by owner's decimal interest)
Owner Net Value – Owner's share of sales after all deductions and adjustments
For further assistance, contact the Royalty Owners Hotline at (281) 637-6358.

2.  When will I receive my 1099 forms and what if I need an additional copy?
1099's are mailed by January 31st yearly. Effective April 15th, if you require an additional copy, please send a cashier's check or money order for $5.00 for each copy requested. Include your owner name, number, current address, telephone number, and the year for the 1099 requested.

3.  When should I receive my royalty payment? What do I do if I have not received my check?
For questions regarding royalty payments, call the Royalty Hotline at 281-637-6358 from 9:00 AM until 11:30 AM and 12:30 PM until 3:00 PM (CST) Monday through Thursday and 9:00 AM to 11:30 AM (CST) Friday.
Royalty Payments are mailed by the 22nd of the month from Philadelphia, Pennsylvania. If you are interested in receiving your payment via direct deposit on the 27th of the month, please call the Royalty Hotline at 281-637-6358.

4.  Who do I contact if I want to sell my crude oil to Sunoco Marketing & Terminals?
Please notify the crude oil representative in your local unit office:
Midland, TX – 432-686-7080
Oklahoma – 918-586-6704
Sugar Land, TX – 281-637-6331
Michigan – 918-586-6704

5.  What do I need to do in the event of a death or transfer in ownership?
For change of ownership due to death, please furnish copies of all documents associated with the transfer, including death certificate, wills, probate, final decrees or any other applicable documents.
For transfer of ownership interest, please send a copy of the assignment and/or deed which has been recorded in the county where the property is located.

6.  What do I need to do to sell or transfer my interest?
Please send a copy of the assignment and/or deed which has been recorded in the county where the property is located.

7.  What procedure should I follow to change my address for ownership or tax identification number?
Change of address for ownership or tax identification numbers must be requested in writing. Please mail or fax notification including owner number, new address, date, and owner's signature.

8.  Who do I contact if there is a change of operator and/or purchaser?
Please notify the crude oil representative in you local unit office.
Midland, TX – 432-686-7080
Oklahoma – 918-586-6704
Sugar Land, TX – 281-637-6331
Michigan – 918-586-6704

9.  What is the interest on my property worth?
Due to the many variables involved in determining the estimated value of a property, we do not provide such valuations. We suggest that you contact the operator or an oil and gas land broker in the area where the property is located in order to obtain this type of valuation.