General terms

An owner must accumulate a minimum balance in their account of $25.00 in order for a check to be issued. Note that we have a Minimum Release each year in December to all accounts with a balance of at least $1.00.

Many factors may cause your payment to vary, including but not limited to, market conditions, suspended payments, adjustments (including any over payments or under payments), fluctuating commodity prices, regulatory or contractual changes, production volumes, seasonal conditions and routine maintenance or operating issues which may affect the volumes produced from a well during a given time period.

This can occur because ownership between family members is not equal, because one party has not provided Herman L. Loeb, LLC with a Tax ID (TIN) or other required information, or because some family members may own interest on other properties in addition to those commonly owned. Other factors possible causing variances between family member check amounts may be related to stale dated checks, returned checks and/or address changes.

Due to potential postal delays, a revenue check may arrive a few days late on occasion. If you have not received a check by the 10^th business day following the date of the check, please contact Owner Relations.

Herman L. Loeb, LLC does not place an expiration date on revenue checks; however, please contact Owner Relations prior to cashing a stale dated check to verify the check has not been voided.

Royalty payments may be suspended (or held in suspense) until certain conditions are satisfied. Generally, royalty payments may be suspended for several reasons including, but not limited to, the following: a missing Tax ID, assignment of interest, notice of death, lack of documentation/title confirming ownership, or disputes involving proper appointment or ownership of interest in the minerals produced. Also, please note that revenue checks are issued only when the revenue amount due exceeds $25.00. Amounts due are accumulated and are released when the matter in question has been resolved and all related documents have been received and processed. All payments are retroactive to the date of suspension.