Royalty Payments
Why was my royalty payment adjusted?
Royalty accounts are subject to Prior Period Adjustments (PPAs). There are many factors that may result in a prior period adjustment, such as: Revised production statements from the property operator Revised plant statements from a plant operator or ...
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 ...
How Do I Sign Up For Direct Deposit?
Urban is pleased to offer our interest owners the option to participate in our Direct Deposit Program. Your participation in this program allows you to receive your royalty payments through Electronic Funds Transfer (EFT). Direct Deposit Benefits: No ...
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 does my payment differ from other family members?
Payment amounts may differ due to: Unequal ownership between family members One family member has not submitted a W‑9 to Urban One or more family members own additional property interests beyond those with common ownership Differing state taxes that ...
Why does my royalty check amount vary?
Various factors will affect your royalty check, including: Fluctuating commodity prices Normal production volume declines Operational issues that may affect production volumes Volume or price revisions may require prior period adjustments (PPAs). If ...
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 ...
How Do I Access my Check Detail?
Urban now provides an electronic copy of your Revenue Statements on a secure website called EnergyLink. This easy to use system is free and will allow you to access, manage, and print your Revenue Payments online. If you are registered with ...
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 ...
When Are Royalty Payments Suspended?
Royalty payments may be suspended until certain conditions are satisfied. Generally, royalty payments may be suspended for reasons such as a missing Tax ID, incorrect address, assignment of interest, notice of death, lack of documentation/title ...
What are Production Taxes &/or Deductions?
Certain costs associated with the sale of hydrocarbons are shared by all owners, including royalty owners. Each deduction is itemized on your revenue statements. Production taxes are a state tax (but not income tax) that we are required to withhold ...