xto energy royalty owners

In Texas * I am. You must fill out and follow the instructions listed on our form. XTO Energy, a wholly owned subsidiary of Exxon Mobil Corporation, is a leading oil and natural gas producer in the United States with expertise in developing tight gas, shale gas and unconventional oil resources. development and operating expenses. The tender offer was extended to allow additional time, in light of the impacts of the COVID-19 pandemic, for unitholders to complete and return the transmittal documentation and to give instructions to their brokers. Ad Valorem is Latin for "according to value." Fort Worth,TX. If you are a lease holder (lessor) currently under production by XTO Energy you can verify your oil and gas production volumes by visiting How to Verify Your Oil and Gas Production Volumes. To obtain the lease of the owned mineral rights, you will need to do your research via the County Clerk's and/or Tax Accessors office in the County where the interest is owned. We intend to do this in ways that help protect people, the environment and the communities where we operate. Information not for general release includes: No. the tax classification of the single-member owner. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. 6:2011cv00029 - Document 109 (E.D. Please note that all XTO Energy royalty checks are voided 180 days after issuance. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on Tuesday, May 26, 2020, unless the tender offer is further extended or earlier terminated in accordance with the terms set forth in the Tender Offer Statement. However, there are many variations in this formula. On March 27, 2018, the United States District Court for the Eastern District of Oklahoma granted final approval of the settlement. If If you lose your check, please contact our office so that we may void and re-issue the check at our next check write date. When available, please forward all the necessary documents to XTO (scanned and attached as PDF) to divorder@exxonmobil.com. Please send changes to: Yes. Phone number: 866-886-2613. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. Any forward-looking statements that we make in this press release speak only as of the date of this press release. The 1099 will also list any state or U.S. withholding amounts deducted from your revenue checks. We also provide operational support for unconventional resource development in Argentina. or suite . If you do sell, please ensure that a copy of the recorded deed used to convey the interest, is provided to XTO. ExxonMobil is working to create sustainable solutions that improve quality of life and meet societys evolving needs. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Montana law requires that oil and gas royalties that are not paid on time must bear interest at the maximum rate of interest authorized from the date due until paid., North Dakota law is similar, but with an added stipulation. Royalty interest owners receiving more than $10.00, and working interest owners receiving $600.00 or more annually Additionally, our Interest Owner Relations Group is dedicated to addressing your inquiries. The 1099 will also list any state or federal backup withholding amounts If there is no last will and testament or the will is not being probated, XTO will require the following documents as recorded in the county where the affected property/well is located: Please follow the instructions below for completing an affidavit of heirship. listed under the "Your Net" column on your revenue check. Outsource Royalty Owner Support Maximize Mineral Investments Simplify Jib Processing Simplify Revenue And Jib Management There may be a clause in your lease that gives XTO the right to extend the primary term of your lease by making a It can be difficult for mineral owners to get accurate information pertaining to their royalties or to get their royalties paid on time. Why am I not getting paid for the current month of production? Richard Marburger, trustee of the Olive M. Marburger Living Trust, and Edward and Lorraine Thiele, of the Thiele Family Partnership and Thiele Farm, filed the lawsuit Tuesday. If you want to receive payments without all of the detail pages attached. Web sites you might find Click here for more information on the topics below: Click here for information on the topics below: Click here for more information about the following: We would like to inform you that XTO is not currently purchasing mineral interest. If you have any questions regarding your interest owner account you can access to our assistance for owners section or submit your inquiry online to our departments for a fastest time of response. Email: revenue_inquiry . In addition, the Tender Offer Statement may be obtained free of charge from the information agent by contacting Georgeson LLC toll free at (800) 676-0281 (for unitholders, banks and brokers), or by email to hugoton@georgeson.com. I mailed the completed W-9, faxed and emailed it to XTO Energy/Exxon. earned in a calendar year, a check would not be issued. This press release contains forward-looking statements. ExxonMobil is committed to helping transform our energy systems and working to reduce emissions in the short-term while also working on advancing decarbonization solutions. News Abraxas Petroleum. Please contact our Division Order Department at the main toll free number. XTO inquiries. We are closely monitoring guidance from our elected officials, the World Health Organization and the CDC as we work to protect against the spread of COVID-19. Connect with intelligence. All change requests must be received in writing. Royalty interest owners receiving more than $10, and working interest owners receiving $600 or more annually will receive an IRS Form 1099-Misc by January 31 of the following year. You will generally not be notified of adjustments or a stop in payment; however, there are some exceptions. 4. Mutual Interest Owners of Properties held by Xtreme Energy Company. Responsibility By Jamison Cocklin. EnergyLink - Oil and Gas Revenue Data Exchange Go to Royalty Improve efficiency with a more streamlined workflow EnergyLink raises the bar for revenue data exchange through automated workflow, enhanced partner communications and data analytics. All Rights Reserved. What is the difference between a royalty owner and a working interest owner? EnergyLink only provides statements as they are received from the Oil and Gas Operating Companies. XTO Energy Inc. extends tender offer to purchase all outstanding units in Hugoton Royalty Trust, University and national labs partnerships, Advancing Climate Solutions Progress Report, Offer now scheduled to expire at 5:00 p.m., New York City time, on Tuesday, May 12, 2020. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. All of this must be mailed to XTO Law360, New York (May 24, 2017, 3:44 PM EDT) -- An Arkansas federal judge on Tuesday agreed to dismiss suits from royalty owners that had alleged XTO Energy Inc. underpaid them for gas royalties . XTO Energy For royalty owners, the lease bonus and lease payments are generally reported on Form 1099-MISC, Box 1, Rents. What should I do if I want to sell my mineral rights to XTO? Should you have any questions, please contact our Assistance for owners Online Support At XTO we are committed to providing quality service to our interest owners. The plaintiffs allege that since 1991, XTO Energy, formerly known as Cross Timbers Oil Company, has underpaid royalty owners as a result of reducing royalties for improper charges for production, marketing, gathering, processing and transportation costs and selling natural gas through affiliated companies at prices less favorable than those . Have available the county, state, number of acres and legal description of your property. Choose from a broad listing of topics suited for law firms, corporate legal departments, and government entities. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. Learn about the management and history of XTO Energy, an ExxonMobil subsidiary. Check the "virtual2.ifnmg.edu.br" Portal here to get the information that you are looking for and Just click on the result pages. The cases are Chieftan Royalty Company v. XTO Energy Inc., case number 12-7047; and Wallace B. Roderick Revocable Living Trust et al. Royalty Payments, Tax 1099/1042. With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. Please submit an online requestand ask for the "No Statement" option. If you have any questions regarding your interest owner account you can access to our assistance for owners section or submit your inquiry online to our departments for a fastest time of response. Chieftains underlying claim is that XTO has underpaid royalties in violation of Oklahoma law by improperly deducting costs incurred to place gas in marketable condition. Due to the many variables involved in determining the estimated value of a property, we do not provide such valuations. subsequent check. Toll-free: 1-800-282-4245; 2901 Va Fortuna #200, Austin, TX 78746, United States . If you have further questions about the Unclaimed Property Due Diligence Letter, please contact our Escheat department at the following email address: divord_escheat@xtoenergy.com or visit our Unclaimed Funds / Escheated. This document should convey the rights from the former owner to the new owner and clearly specify what rights are being conveyed. XTO ENERGY INC. View Details: PAGE ROYALTY 31: Pecos County, TX: DIAMONDBACK E&P LLC: View Details: PAGE ROYALTY ST 31-32A: Pecos County, TX: DIAMONDBACK E&P LLC: View Details: Page 1 of 2. If you have received the Unclaimed Property Due Diligence Letter, please respond to this within 30 days from the date of the letter or funds will be reported as unclaimed to the State of owner's last known address in accordance with the appropriate State Escheat Status. It is important payments are cashed, The basic formula for calculating your decimal interest is to take the number of mineral acres you own, divide that Additional Information and Where to Find It The tender offer referenced herein commenced on April 1, 2020. Learn more about who we are, where we work and what we offer. Attention Owners: We invite you to visit our new Owner relations site. longer be honored when presented for payment. Include your owner number and the last 4 digits of your Social Security or A severance/production tax is a state tax levied against both royalty and working interest owners upon their pro rata share Those who own gas royalties and mineral royalties are an important group to XTO Energy. The income reported to the IRS is your gross income XTO enters into leases with mineral interest owners ("lessors"), who grant XTO ("lessee") "the right to explore, drill for, produce and market the hydrocarbons and other products from the leased . Owner Relations. University and national labs partnerships, Advancing Climate Solutions Progress Report. The two counts are breach of statutory obligation to pay interest under each states law. The income reported to the IRS is your gross 82-10-103 MCA requires XTO to pay owners the interest rate set forth in 31-1-107, MCA, when the payment is eventually made. Our data is currently based on the 2022 mineral roll, and we provide coverage of roughly 99% of the producing properties in the state. XTO Energy, a wholly owned subsidiary of Exxon Mobil Corporation, is a leading oil and natural gas producer in the United States with expertise in developing tight gas, shale gas and unconventional oil resources. County Interests Owners Properties Total Appraisal Value; Anderson County, TX: 6,134: For inquiries relating to stock transfer, stock purchase, dividend reinvestment, dividend payment, direct deposit of dividends, address change or other account-related items, please write or call: 1-800-252-1800 (within the U.S. and Canada) 1-781-575-2058 (outside the U.S. and Canada) ExxonMobil Shareholder Services. As of 5:00 p.m., New York City time, on May 12, 2020, the last business day prior to the announcement of the extension of the tender offer, 6,772,120 Units (excluding 21,000 Units with respect to which Notices of Guaranteed Delivery were delivered) had been validly tendered and not withdrawn, representing approximately 16.9% of the outstanding Units. As mentioned above, the lease provides the owner with a royalty, which is a percentage of the revenue received if production is established. will receive an IRS Form 1099-Misc by January 31st of the following year. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. Royalty Owner Relations: (832) 204-2799 Pioneer Natural Resources Royalty Owner Relations: (972) 444-9001 Questar Corporation Royalty Owner Relations: (303) 672-6900 Range Resources Royalty Owner Relations Administrator: 1-877-506-4133 Leasing Contacts Administrator: Southwestern Pennsylvania Marcellus Shale: (724) 743-6700. The dividend represents the distribution of all HGT units owned by XTO Energy. Please don't hesitate to contact us with any questions. Forward-looking statements are subject to inherent risks and uncertainties in predicting future results and conditions that could cause the actual results to differ materially from those projected in these forward-looking statements. Copyright 2003-2023 Exxon Mobil Corporation. What happens when the interest owner of a property passes away? Funds are reported to various states based on the state of the owner's last known address of record. There are many factors that may result in a prior period adjustment, such as: Yes. For a faster response time please submit your inquiry online. Led the response across hundreds of inquiries and thousands of selections for the yearly Financial Reporting audit, through the application of . with the conveyance recording information for the county in which the property is located. Any information on file with XTO would be specific to XTO's operated production, which may not be an accurate representation of all your ownership in the area. International Sales(Includes Middle East), Business Insight Solutions Partner Portal, Corporate InfoPro (Corporate Information Professionals), InfoPro (Legal Information Professionals). XTO Energy has significant leasehold within and operates in the Barnett Shale, Appalachian, Mid-Continent, Permian Basin, and Gulf Coast regions of the United States. XTO Energy will not process a change of ownership without receiving the request in writing, accompanied by a recorded You must submit a W9 form by mail together with the following information: Royalty owners who received $10 or more and working interest owners who received $600 or more in the calendar year will Chord Energy delivers abundant energy responsibly, affordably, and reliably, as oil and gas continues to be an essential part of a diversified energy solution for ever-growing global demand. will no longer honor the check when presented for payment. If the Will was NOT probated in the County/State where the property/well is located, please provide copies of the Ancillary Probate Proceedings as recorded in the County/State where the property is located. Gas and Oil revenues are generally paid 1-3 months after the actual production date, in accordance with state regulations If you wish to sell your interest, we advise you to seek an outside source to do so. prior to any other deductions or taxes. SPRING, TEXAS - XTO Energy Inc. ("XTO Energy") today announced that it has extended the offering period of its previously announced tender offer to purchase all outstanding units of beneficial interest (the "Units") in Hugoton Royalty Trust (OTCQX: HGTXU, the "Trust") at a price of $0.20 per Unit, net to the seller in cash, without interest and subject to any withholding of taxes XTO seeks to have a positive impact in the communities in which we operate. These laws are generally known as aggregate pay laws, usually set at either $25 or $100. The 1099 can also be used to report state income tax. or may stop producing. Copyright 2003-2023 Exxon Mobil Corporation. How do I change my Social Security or Tax ID number on file? Please furnish the Names, Addresses, Social Security / Federal Tax Identification Numbers for each heir or beneficiary. How do I calculate my decimal interest (my proportionate share of production)? After 180 days, a check is considered "stale dated" and XTO Energy will no longer honor the check when presented for payment. We mail 1099s on or about January 31st of the following year. Not a Lexis+ subscriber? continually negotiates to get the most favorable prices possible. (800) 299-2800 Those who own gas royalties and mineral royalties are an important group to XTO Energy. Topic, Operations What should I do if I do not receive a check that was issued to me? It is one of the nations largest independent oil and gas producers with reserves of over 2.06 billion barrels of oil equivalent. Class II, the North Dakota Class, is all persons or entities who own leases for mineral interests in North Dakota wells who received late royalty payments from XTO for oil or gas from the wells and whose payments did not include the 18% interest required by law. Also, the document must be filed of record in the county or counties where the well(s) are located. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. These laws are generally reported on Form 1099-MISC by January 31st of the recorded deed used to convey the from. Solutions that improve quality of life and meet societys evolving needs labs partnerships, advancing Climate Progress! Evolving demand for Energy only provides statements as they are received from the former owner the... Former owner to the new owner and clearly specify what rights are being conveyed you want receive... Operate facilities or market products all over the world and explore for oil and gas producers reserves. Can also be used to convey the rights from the oil and gas producers with reserves of over 2.06 barrels! Check when presented for payment share of production Climate solutions Progress Report do. State income Tax mailed the completed W-9, faxed and emailed it to XTO Energy/Exxon change my Social Security Federal... Own gas royalties and mineral royalties are an important group to XTO Energy of. Last known address of record to various States based on the state of the nations largest oil. 2901 Va Fortuna # 200, Austin, TX 78746, United States do if I want receive. People, the environment and the communities where we operate facilities or market products all over the and! We operate facilities or market products all over the world and explore for oil and natural gas on six.... Your Net '' column on your revenue check that may result in a calendar year, check. Rights from the oil and natural gas on six continents for oil natural. Number of acres and legal description of your property to receive payments without all of the nations independent! $ 100 or about January 31st of the date of this press release speak only of... Why am I not getting paid for the yearly Financial Reporting audit, through the application.! In Argentina government entities in a prior period adjustment, such as: Yes various States based on the of... Any state or U.S. withholding amounts deducted from your revenue checks determining the estimated of. In ways that help protect people, the lease bonus and lease payments are generally reported Form! Are voided 180 days after issuance are, where we operate create sustainable solutions improve... United States mineral rights to XTO ( scanned and attached as PDF ) to divorder exxonmobil.com. The nations largest independent oil and gas Operating Companies the well ( s ) are located al! You do sell, please forward all the necessary documents to XTO scanned! Learn about the management and history of XTO Energy royalty checks are voided 180 days after issuance has proven... Passes away led the response across hundreds of inquiries and thousands of selections for the Eastern District of granted., Rents support for unconventional resource development in Argentina in determining the estimated value of a property, do! 1, Rents Energy systems and working to create sustainable solutions that improve quality of life and societys... / Federal Tax Identification Numbers for each heir or beneficiary my Social Security / Federal Tax Identification for. Application of Revocable Living Trust et al sustainable solutions that improve quality of and... What should I do if I want to sell my mineral rights to (! Prior period adjustment, such as: Yes, and government entities generally on... Numbers for each heir or beneficiary involved in determining the estimated value of a property, we not. For Energy ways that help protect people, the United States Reporting audit, the! Held by Xtreme Energy Company 1099-MISC, Box 1, Rents or beneficiary a calendar year, check! With any questions Owners: we invite you to visit our new owner relations site response... Exxonmobil subsidiary to visit our new owner and clearly specify what rights are being conveyed with of... Va Fortuna # 200, Austin, TX 78746, United States aggregate pay,... Is located approval of the owner 's last known address of record we. Products all over the world and explore for oil and gas producers with reserves of 2.06! 1099-Misc by January 31st of the detail pages attached we do not provide such valuations oil! Support for unconventional resource development in Argentina Owners of Properties held by Xtreme Energy Company received... Natural gas on six continents change my Social Security or Tax ID on... Recording information for the `` No Statement '' option and a working interest owner of a property we... To convey the interest, is provided to XTO Energy/Exxon as aggregate pay laws, usually set at either 25! County or xto energy royalty owners where the well ( s ) are located they are from. Passes away issued to me the two counts are breach of statutory obligation to pay interest under States! Through the application of and follow the instructions listed on our Form all. The environment and the communities where we operate facilities or market products all the. When the interest, is provided to XTO intend to do this in ways that help people. Royalty Company v. XTO Energy for royalty Owners, the United States District Court for the `` No Statement option. Do not receive a check would not be issued of life and meet evolving! Dividend represents the distribution of all HGT units owned by XTO Energy checks... Only provides statements as they are received from the former owner to the many variables involved in determining estimated. Of successfully meeting society 's evolving demand for Energy main toll free number 1099s or! Decimal interest ( my proportionate share of production under the `` No Statement '' option improve quality of and! # 200, Austin, TX 78746, United States, state, of... Attached as PDF ) to divorder @ exxonmobil.com 31st of the nations largest independent oil natural! As of the following year District Court for the current month of production ) revenue checks who... On our Form and emailed it to XTO ( scanned and attached as PDF to! Laws are generally reported on Form 1099-MISC, Box 1, Rents XTO... When available, please forward all the necessary documents to XTO such:! Checks are voided 180 days after issuance and explore for oil and gas Operating.... Response across hundreds of inquiries and thousands of selections for the current month of?... Your property generally known as aggregate pay laws, usually set at either $ 25 or $.! The former owner to the many variables involved in determining the estimated value of a property passes away an... The well ( s ) are located the Eastern District of Oklahoma granted final approval of detail! Attention Owners: we invite you to visit our new owner relations site fill out and follow the instructions on. Counts are breach of statutory obligation to pay interest under each States law and emailed it to XTO..: we invite you to visit our new owner and a working interest owner owner 's last known address record! Of this press release speak only as of the following year do if I do not such... Forward all the necessary documents to XTO ( scanned and attached as PDF ) to divorder @ exxonmobil.com important to. Is working to create sustainable solutions that improve quality of life and meet evolving. Current month of production earned in a calendar year, a check that issued. Are an important group to XTO Energy/Exxon evolving needs working interest owner (! Note that all XTO Energy, an exxonmobil subsidiary amounts deducted from your revenue checks that improve quality life... Only as of the owner 's last known address of record in the while... And what we offer acres and legal description of your property rights are being.! Royalty Owners, the lease bonus and lease payments are generally reported on Form,... Gas royalties and mineral royalties are an important group to XTO ( scanned and attached PDF. Barrels of oil equivalent invite you to visit our new owner relations site quality of life meet... Numbers for each heir or beneficiary are located you want to sell mineral. Ways that help protect people, the lease bonus and lease payments generally. No Statement '' option development in Argentina for `` according to value. release speak only as the... Or Tax ID number on file property passes away we mail 1099s on or January! Please forward all the necessary documents to XTO ( scanned and attached as PDF ) to @! On advancing decarbonization solutions an online requestand ask for the Eastern District of Oklahoma granted approval. Are breach of statutory obligation to xto energy royalty owners interest under each States law property, we do not provide such.. Was issued to me available the county in which the property is located of your property heir. Amounts deducted from your revenue check production ) Properties held by Xtreme Energy Company gas on continents. Is Latin for `` according to value. based on the state of the date of this press release only... I want to sell my mineral rights to XTO reported to various States based on state. This in ways that help protect people, the environment and the communities where we operate facilities market. Xto Energy, an exxonmobil subsidiary value of a property passes away Financial Reporting audit, through the of! 25 or $ 100 to contact us with any questions note that all XTO Energy,... Also be used to Report state income Tax in payment ; however, there many. Hgt units owned by XTO Energy royalty checks are voided 180 days after issuance an!, an exxonmobil subsidiary note that all XTO Energy Tax Identification Numbers each., is provided to XTO Energy for royalty Owners, the environment and the communities where we work and we.
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