At Saddle, we work hard every day to maximize the returns for our royalty owners.
PAYMENTS TO ROYALTY OWNERS
Monthly checks for oil and natural gas revenues are mailed by the last business day of the month. If you have not received your check by the 15th of the following month, please call Owner Relations at (972) 419-2412 or email our Owner Relations team. Lease Obligation payments are issued based upon terms outlined in the oil and gas lease. These payments are generally issued to extend a lease, fulfill a shut-in payment obligation or issue a bonus payment due under an order of payment document. The checks are typically issued via certified mail. If you are anticipating a lease obligation payment and have not received your check, please call Owner Relations at (972) 419-2412 or email our Owner Relations team.
Payments may be affected by a number of items and circumstances, including the following. Always retain your check details for future reference if needed.
Notice of a change in ownership. When Saddle receives notice of a change in ownership such as notice of death, change of address, transfer of property, assignment of interest or legal dispute, payments will accumulate and release once we receive all necessary documentation and have completed the change of ownership.
Missing or incorrect address. If Saddle receives notice of an incorrect address, payments will be suspended until a corrected address is on file.
Oil and natural gas production and market conditions. Changes in a well’s production or oil and natural gas prices may affect the amount of a payment, as can normal maintenance issues, which may impact the volume a well produces in a specific time period.
Corrections to a previous payment. Adjusting a quantity, price or decimal may be required if there was a previous overpayment or underpayment.