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. Article
125 2107 Research Forest Dr. A: The basic formula for calculating your decimal interest is to take the number of mineral acres you own, divide that by the number of acres in the unit (listed as the property description on your division order) then multiply by the royalty rate in your lease. Websites you might find helpful are: www.unclaimed.org or www.missingmoney.com. MineralHolders.com obtains all relevant mineral royalty information and appraisal values from the respective county appraisal district.
•, © Copyright 2003-2020 Exxon Mobil Corporation. Spring, Texas 77389, Phone: If the account with XTO Energy is a joint account, both account holders must sign the. If your check is stolen, contact XTO immediately at our main toll free number: 1-866-886-2613.
Arkansas: Jointly owned mineral ownership only requires a copy of the decedent's death certificate to transfer title.
All Rights Reserved, Frequently Asked Questions regarding the system upgrade. A: Yes. A: Ad Valorem taxes on minerals are levied at the county level. MineralHolders.com is constantly growing in royalty ownership data and coverage. Visit xtoenergy.com, click on Interest Owner Relations - Online System to register or log in. Please allow sufficient time to receive your January royalty payment based on the updated check write dates shown below. Additionally, our Interest Owner Relations Group is dedicated to addressing your inquiries. MineralHolders.com strives to provide a comprehensive database of mineral holders and their interests across the state of Texas. Enter 12.5 for a royalty rate of 12.5% or 1/8) Those who own gas royalties and mineral royalties are an important group to XTO Energy. A: There may be a clause in your lease that gives XTO the right to extend the primary term of your lease by making a specified payment. You will receive a 1099 at the end of the year to review with your tax preparer. They own interests in approximately 40,000 producing oil and natural gas wells across the country.
125 : 2107 Reasearch Forest Dr : The Woodlands, Texas 77380: Inquiries: *Question about checks *Production *Pricing Inquiry *Deductions on checks *Direct Deposit *Well Status *Website Issues In addition, county governments render and collect a yearly "Ad Valorem Tax" on producing minerals in many states. Resources
Please choose a login name and password that you would like to use on this system for the future. https://www.xtoenergy. Please note that all XTO Energy royalty checks are voided 180 days after issuance. Information not for general release includes: A: XTO regrets that we are unable to provide personal ownership research. A: Revenue checks are issued at the end of each month if your revenue reaches our $100.00 minimum, or depending on state regulations. Thank you. Please note that all XTO Energy royalty checks are voided 180 days after issuance. The new number will be shown on the check as 'OWNER NO.'. 125 A: If you have not received your check and have waited 15 business days from the date the check was originally mailed, please contact our office to process a void of the original check and re-issue the funds to you on the next available check write date. It is important payments are cashed, regardless of the amount, prior to the 180-day mark.
Due to the proprietary nature of the information, XTO Energy may not always be able to respond to certain questions you may have regarding properties. Here is a list of the supported systems. You may also update your address using our online system by visiting xtoenergy.com, click on Interest Owner Relations - Online System to register or log in. (The royalty rate should be in your lease agreement. reserved. This page includes links to the state agencies that record oil and gas production data and also covers the basics of how oil and gas is measured. All Rights Reserved. A: 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. Your request and information will be sent to a landman for evaluation. The income reported to the IRS is your gross income prior to any other deductions or taxes. A: A severance/production tax is a state tax levied against both royalty and working interest owners on their pro rata share of oil and gas production. share. Please note that all XTO Energy royalty checks are … There is no guarantee on the life of a well or the amount or frequency of revenue payments. Click Here to view Frequently Asked Questions. We currently have 15710 mineral interests on file for XTO Energy Inc spread across 136 counties. • Negotiate the best lease for your minerals, How to Verify Your Oil and Gas Production Volumes, Oil & Gas Leases: 10 Common Mistakes During Mineral Lease Negotiation, West Virginia Tenancy Bill Would Override Individual Rights, West Virginia Works to Eliminate Post Production Fees.
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