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Contact Martindale owner relations at the appropriate address listed on this page. Please provide your name and owner number, the check number, and amount of payment (if known).
Direct deposit is now available to all interest owners. To opt-in to direct deposit, please fill out a Direct Deposit Request form and return it to the appropriate address listed on this page.
Direct deposit offers many advantages, including no postal delays of your check; no unnecessary trips to the bank; no lost, damaged, or stolen checks; and, revenues deposited in your bank account even if you are traveling.
Please fill out a Direct Deposit Request form and return it to the appropriate address listed on this page. For expedited processing, and to minimize the margin for error by depositing to the old account, please indicate that the information you are providing is to replace the old direct deposit information by writing “REVISED” on your direct deposit form.
Your check detail was either included with your paper check or emailed directly to the email address you provided. If you have misplaced your detail or need another copy, please email the appropriate address listed on this page. We will provide a copy of the detail via email.
Direct deposits should post to your bank account within three business days. Paper checks are sent via USPS standard mail.
Routine maintenance, mechanical, or operational issues may temporarily affect production. Changing market conditions can also cause price or volume fluctuations.
Taxes customarily withheld are state severance taxes or state withholding taxes as may be required. The specific taxes withheld will depend on the specific language in your lease or other agreement. If a Taxpayer Identification Number is not provided, we are required to withhold Federal taxes as mandated by the IRS.
Depending on the specific language in your lease or other agreement, the deductions might be related to transportation, compression or gathering charges, and other third-party charges pertaining to transporting your share of oil and/or gas to the point of sale.
We are required by the IRS to withhold 24% of all revenue payments to U.S. residents if the Taxpayer ID number (or Social Security number) is missing or invalid. The number provided must match the name on the payment as indicated per IRS records. This information is required to be provided to us in writing by submitting IRS Form W-9. All backup withholding is reported on your 1099 at year-end, and it is considered a payment to the IRS on your behalf. Martindale does not issue refunds for backup withholding. Please consult with your tax advisor about reporting the withholding on your income tax returns at the end of the year.
For wells located in the state of Oklahoma, we are required by law to withhold income tax for non-Oklahoma residents. Please consult with your tax advisor about reporting the withholding on your income tax returns at the end of the year.
Revenues are remitted to you once your revenue balance exceeds $ 100, or the amount you indicated on your Division Order. Any balance over $10 but under your minimum distribution amount will be paid annually. Occasionally, payments are held due to claims against, or changes to, ownership such as a notice of death, change of address, transfer of property, assignment of interest or legal dispute. Payments due are accumulated and released when the matter affecting ownership has been resolved.