Our commitment to you

We value our royalty owners and work every day to earn and keep your trust. At Royalty Energy Development, integrity and transparency guide every decision we make, and we're committed to open communications to answer your questions and connect you with resources.

OWNERSHIP CHANGE CHECKLIST

Please review the download of possible changes in ownership and provide the corresponding required documentation. Follow the steps below to submit documents:

1. Review the table carefully and note any changes that apply to your ownership interest.
2. Determine the corresponding documentation required for each change. For example, if you are transferring ownership to another person, you may need to provide a deed or other legal documentation.
3. Prepare the required documentation for each change.
4. Submit the changes and corresponding documentation via the contact form

If you do not see the specific change in ownership listed please reach out through our website with all relevant documents you possess, and we will try to assist you in updating your ownership.

DOWNLOAD

FAQ

What if I need to change my address?

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Your correct address on file will allow you to receive your royalty payments, 1099 each year, or any other correspondence that is mailed by Red. Please use the contact form or download this form and return to us via email or direct mail.

Change Online


Email | Owners@okroyalty.com
Mailing Address | PO Box 32 Edmond, OK 73083

Change of Address Form

Why does my payment amount change?

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Changing market conditions can cause price fluctuations, while mechanical or operational problems or routine maintenance may temporarily affect production, causing downtime. If you have reason to believe an error has occurred, contact us.

What is a Division Order?

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A division order is a record of your interest in a specific well. It contains your name, address, decimal interest, the spacing unit acreage, legal description of the well, interest type, allocation factor (if applicable), well number, and well name. Division orders are issued to all owners in a specific well after that well has had first sales of either oil or gas. Amended division orders will be issued if a well undergoes a “rework” of ownership due to a spacing unit change, updated title information, or revised allocation factors. Amended division orders will also be issued when a transfer of interest occurs between two or more parties. You should only receive a division order if your interest has been calculated for a well’s initial disbursement or has been affected by some change that has occurred. Upon examination of your division orders, you should keep one copy for your records and remit an executed copy back to Royalty Energy Development or the Purchaser requesting the information.

What if ownership has changed?

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During the life of a well, there may be a need to update ownership records. This could be due to several types of transactions or occurrences such as sale of the property or mineral interests therein, or the death of an owner. In order for RED to update our records to reflect the most current ownership, it is the duty of the mineral owner to provide the appropriate instrument reflecting the change in ownership. The instrument must be recorded in the real property records of the county or parish in which the well is located.

Download Ownership Change Checklist

Download Affidavit of Heirship Form

Why do you need a W-9?

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We require this form to verify an owner’s name, address, tax number and owner type.

Download IRS W-9 Form

How do I enroll in ACH Payments?

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Email | Owners@okroyalty.com
Mailing Address | PO Box 32 Edmond, OK 73083

Download ACH Form

DISCLAIMER: Please note that the information provided by Royalty Energy Development is intended for general guidance purposes only. It does not constitute legal advice, and should not be relied upon as such. The requirements and procedures for updating ownership records may vary based on individual circumstances, state laws, and specific county or parish regulations.We strongly recommend consulting with a qualified attorney or legal advisor to ensure that all legal requirements are met and that your interests are fully protected during the ownership transfer process. Additionally, the submission of documents to our office does not guarantee acceptance or immediate update of ownership records. All documents will be reviewed for compliance with applicable laws and regulations.
Still have questions? Contact Us