What is clearing title?
Clearing title is the process of verifying that you own the interest. Title is the legal right or evidence of the legal right to property.
What is a division order?
A division order is a document confirming ownership information in a particular property/unit and authorizing distribution of funds according to that information. The division order does not represent a sale of your property or any changes to your lease. When you sign and return the division order, you confirm that you agree with the information disclosed in the document.
Where can I get a valuation of my mineral interest?
EOG Resources does not provide appraisals for interests. Please contact a certified petroleum engineer, a royalty management company or broker to obtain the valuation.
Where can I find my owner number (Account number)?
The owner number is on your check, check stub detail, and on your 1099. Each owner has been assigned a unique 6-digit owner number. Please include your owner number in all communications with EOG Resources, including voicemail and email.
How do I change my mailing address?
Please go to Address Change for information on changing your mailing address.
What documents are required for a name change?
Please refer to the Ownership Change page for a list of required documents.
Does EOG Resources offer direct deposit for royalty checks?
Yes, please refer to the Direct Deposit page for further information.
How do I change my direct deposit information?
Please refer to the Direct Deposit page for information on how to change your direct deposit.
When are royalty checks issued?
Royalty payments are mailed or deposited electronically into your account on or around the 12th of each month, unless that day is a weekend or holiday. In that case, payment is mailed or deposited electronically into your account the next business day.
What is the minimum payment amount?
EOG Resources has a minimum payment policy of the lesser of $25.00 or the minimum amount required by statue or the minimum amount required by your lease. A payment will automatically be issued in the month that your account has accumulated this minimum required amount. Otherwise, in January of each year, you will be issued your accumulated payment as long as it totals more than $10.00.
Why does my monthly payment amount vary?
There are various factors that may affect your monthly payment such as suspended payments, adjustments, fluctuating commodity prices, production volumes, and operating issues which may affect the volumes produced from a well during a given time period.
Why does my payment differ from others in my family?
This can occur because ownership between family members may not be equal. Some family members may own interest in other properties in addition to those commonly owned. Different payments can also occur due to title issues. Thus, payments are held in suspense until the issue can be resolved.
What should I do if I do not receive my royalty checks?
Due to potential postal delays, please allow 10 business days to receive your royalty checks. If you still did not receive a royalty check after 10 business days from the 12th of the month, then please contact the Royalty Relations Department at (877) 363-3647 or email us at Royalty_Interest@eogresources.com.
Can checks over 6 months still be cashed?
No, checks over 6 months are out dated and cannot be cashed. Please call the Royalty Relations Department at (877) 363-3647 or email us at Royalty_Interest@eogresources.com to have your check reissued.
When are 1099 tax forms mailed out?
The 1099 Miscellaneous Tax forms will be mailed out on January 31.
Why am I being charged expenses/deductions even though I am not a working interest owner?
Some costs associated with selling a product are shared by all owners including royalty owners. Working interest owners share all those same costs plus the cost of exploration, drilling, completing, equipping and operating a well.
Why is my 1099 more than what I received on my royalty checks?
The 1099 tax form shows the GROSS amount before taxes and other deductions as required by the IRS. The royalty checks are the NET amount after taxes and other deductions. In order to help you reconcile this gross amount to the total of your net royalty payments received, we include a reconciliation on the top of the 1099. The net amount should agree to the total royalty payments received.
Why is my NET royalty payment more than my GROSS amount?
The net amount can sometimes be more than the GROSS amount due to reimbursement of Severance Tax or other adjustments.