When are royalty payments mailed each month?

Royalty payments are issued between the 25^th and the end of each month. To avoid any delays with receiving royalty payments, you may sign up for direct deposit at any time.

How do I set up direct deposit for my royalty payments?

In order to sign up for direct deposit, please complete the Royalty Owner Direct Deposit Form. Please complete the form and return it by email or mail:

venado-ownerrelations@eag1source.com

Venado Oil & Gas
c/o EAG 1Source
448 W. 19^th St., Ste. 102
Houston, TX 77008

If we do not have a signed W-9 Form on file for you already, we will require one in order to process your royalty payments and set up direct deposit. Please complete the form and return it by email or mail to the address listed above.

Why haven't I received my check?

Please wait ten business days before contacting Venado in order to give the mail ample time for delivery. If you have any questions about your royalty payments, please contact Revenue Accounting or Owner Relations at 512-518-2900 to inquire about your account.

Factors that may impact your account include the following:

• Your account may be in suspense due to a bad address, transfer of interest, unsigned division order or title dispute.
• The royalty amount owed to you may be less than $100. Funds in your account must accumulate to at least $100 in order to be paid out to you.

What do I do if my check is lost, stolen, or becomes outdated?

Contact Revenue Accounting at 512-518-2900 to request a reissued payment if your check is lost or stolen. Please have the following information ready when you call:

• Your name
• Your social security number or taxpayer identification number
• We will verify the status of your check, stop payment if the check is outstanding, and then reissue the payment.

Why does my monthly payment sometimes vary?

Many factors impact royalty payments including market conditions, regulatory or contractual changes, diminished production, seasonal conditions, and downtime. It is important to know that most oil and gas production typically declines each month, with the highest volumes occurring during the first few months after a well is turned on.

Why does my payment differ from others in my family?

Differences may occur because ownership among family members may be different, one party may not have provided a taxpayer identification number or social security number, or some family members may own additional interests in other producing properties in addition to those commonly owned.

What kinds of taxes are deducted from my check?

Generally, state severance taxes are deducted. Further, if you do not provide us with 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.

Please note, unless you have failed to provide a social security number, no federal income tax is withheld from your check. We strongly recommend that you consult with a licensed tax accountant or legal professional regarding tax obligations that accrue from your royalty payments.

How do I find unclaimed funds in my name?

Please visit the National Association of Unclaimed Property Administrator (NAUPA) website at www.unclaimed.org to locate and collect unclaimed funds in your name.

Why are royalty payments suspended?

The reasons for suspending royalty payments include title disputes, death of an owner, transfer of ownership, unknown address, unexecuted division order, legal requirements, lien, or missing taxpayer identification number or social security number.

What is a Division Order?

A division order is a directive signed on behalf of the interest owner verifying to the purchaser or operator of a well the decimal interest of production owned by the owner. It also provides the owner’s remittance address and taxpayer identification number or social security number.

Who do I contact to determine the value of my mineral interest?

Venado does not provide any type of valuation or opinion of your interest.Please contact the appraisal district in the county or parish where you own minerals in order to inquire about the value of your mineral interest.

Where do I send documents to have them recorded?

All heirship and conveyance documents must be filed for public record with the county clerk in the county or parish where the property is located.