When are Payments Issued?
Urban mails payments on the 25th of each month when the balance of your account has reached $100, or will be paid annually, whichever occurs first. If your account balance is less than $100.00, there will be no check issued that month. Smaller amounts that do not meet the minimum amount are accumulated month to month until they meet the minimum, at which time you will receive a check. Urban annually releases revenue that fails to exceed $100.00, but is greater than $10.00, in June of each year.
If the 25th falls on a weekend or holiday, checks will be mailed the next business day. Due to potential postal delays, please allow up to 15 business days to receive your royalty check before contacting Owner Relations. Want your payment quicker? Urban offers direct deposit so you don't have to wait for postal deliver.
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I would like a Revenue Statement or Accounting of my Royalties
Revenue statements are only provided when a payment is due. When are Payments Issued? Each revenue statement includes: Property Identification (name, API number, or both; and county and state) Sales month and year Barrels of oil or amount of gas ...
What do I do if my check is Lost, Stolen, or Expired?
Did you know? According to the Social Security Administration, physical checks are 16 times more likely to be lost or stolen compared to electronic payments? If you have not received your check and have waited fifteen (15) business days from the date ...
Why Haven't I Received my Check?
Owners will not receive a check if the account balance has not reached the minimum payment threshold of $100, unless directed otherwise by State statutes. To see if you received a check, please sign up for EnergyLink. If EnergyLink shows you received ...