Royalty Owner2019-01-30T11:40:22+00:00

Royalty Owner

Open communication and the development of solid relationships are central principles at FCP. We recognize that one of the most important relationships in our business is with the landowners with whom we work.

Documents

Transfer of Interest

Sale of Interest:
Furnish a copy of the conveyance recorded in the county where the property is located. Visit www.courthousedirect.com for Clerk’s contact information.

Transfer to or from a Trust:
Furnish a copy of the trust agreement and a copy of the recorded conveyance (recorded in the county where the property is located) transferring the property to/from the trustee of the trust.

Divorce:
Furnish a copy of the complete Divorce Decree and Conveyances recorded in the county where the property is located.

Death of an Owner:
“Download – Change of Ownership Checklist” above to download a list of required documentation. If needed, a W9 form and Affidavit of Heirship form may be found above under “Documents”.

Update Information

Change of Address:
Must be requested in writing by the 15th of the month for the change to take affect before next check run. Download– Change of Address Form” from above.

Change of Name:
Furnish a certified copy of the court issued document supporting the name change or a certified copy of the marriage certificate.

Appoint a Guardian or Attorney-in-Fact:
Furnish a copy of Letters of Guardianship issued by a court, or Power of Attorney fully executed and notarized.

Change of Company or Corporation Name:
Furnish a copy of the certificate of name change along with a new W-9 Form.

Company or Corporation Merger:
Furnish a copy of the certificate of merger and a new W-9 Form providing new or surviving Tax ID. “Download– W-9 Form” from above.

Frequently Asked Questions

WHEN ARE ROYALTY CHECKS MAILED EACH MONTH?2018-11-30T16:17:59+00:00

They are projected to be mailed on the 25th unless this day is a holiday or weekend; then they will be mailed on the first business day after the holiday or weekend. Our minimum check issuance amount is $100.00.

WHY HAVEN’T I RECEIVED MY CHECK?2018-11-19T23:01:49+00:00

Please wait ten business days to give the mail ample time for delivery before contacting FCP. Our minimum check amount is $100.00. If, due to fluctuation in volumes and/or prices your accrued amount is less than $100.00, there will be no check issued that month. Smaller revenue amounts that fail to meet the minimum are accumulated month to month until they meet the minimum, at which time you will receive a check. Smaller revenue amounts that have accumulated to more than $5.00 per owner are paid at least once annually. Other reasons for not receiving a check include that your interest may have been placed in suspense due to bad address, transfer of interest, or title dispute.

WHAT DO I DO IF MY UNCASHED CHECK BECOMES OUTDATED (STALE)?2018-11-19T23:01:49+00:00

Checks over 6 months old are deemed as stale and cannot be cashed. Please contact the Land Department at 303-731-0073 or email land@fcpetroleum.com to have your check reissued.

CAN I SET UP DIRECT DEPOST?2018-11-19T23:01:49+00:00

No, unfortunately at this time we are not able to distribute royalties via direct deposit but are working to stream line this process.

HOW DO I NOTIFY FCP OF AN ADDRES OR NAME CHANGE?2018-11-19T23:01:49+00:00

Please refer to our Update Information section above for instructions.

WHEN ARE 1099 TAX FORMS MAILED OUT?2018-11-19T23:01:49+00:00

The 1099 Miscellaneous Tax forms will be mailed out by January 31. If you do not receive a 1099 in the mail 15 business days after January 31, please contact the Land Department at 303-731-0073 or email  land@fcpetroleum.com

WHAT KINDS OF TAXES ARE DEDUCTED FROM MY CHECK?2018-11-19T23:01:49+00:00

Generally, state severance taxes (aka production taxes) are deducted. Further, if you do not provide us your Social Security Number, we may withhold federal income tax as required by the Internal Revenue Service. If you’re a non-resident alien, we may deduct federal income tax from your check.

WHO DO I CONTACT IF I WANT TO SELL MY MINERAL INTEREST?2019-01-11T12:46:29+00:00

FCP does buy and acquire mineral interest in or around its operations. To discuss the mineral interest you wish to sell, please contact the Land Department at 303-731-0073 or email land@fcpetroleum.com in order to generate a formal proposal.

WHAT IS A DIVISION ORDER?2018-11-19T23:01:49+00:00

A division order is a document confirming ownership information in a particular property/unit and authorizing distribution of funds according to that information. The division order does not represent a sale of your property or any changes to your lease. When you sign and return the division order, you confirm that you agree with the information disclosed in the document.

WHERE DO I SEND DOCUMENTS TO HAVE THEM RECORDED?2019-01-15T19:41:56+00:00

All heirship and conveyance documents must be filed of record with the parish or county where the property is located. Contact the applicable County Clerk’s office for filing instructions. Visit www.courthousedirect.com for Clerk’s contact information

If you have other questions, please contact us.

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