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 Oil & Gas is pleased to offer our interest owners the option to receive royalty payments by Direct Deposit (ACH/EFT). This allows your payments to be deposited directly into your bank account instead of receiving a paper check. Fastest option: ...
What do I do if my check is Lost, Stolen, or Expired?
DID YOU KNOW? Physical checks are significantly more likely to be lost, stolen, or delayed than electronic payments. To protect your royalty revenue, Urban strongly encourages owners to use both our Lost Check Affidavit (when a check goes missing) ...
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?
To help protect your royalty revenue and reduce the chance of delayed or suspended payments, Urban Oil & Gas strongly encourages all owners to enroll in Direct Deposit (ACH/EFT). Direct Deposit keeps your banking details current, bypasses mail ...
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 ...