Frequently Asked Questions
Questions about Royalty Checks
When are royalty checks mailed each month?
Why haven't I received my check?
Smaller revenue amounts that fail to meet the minimums above 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 $10 per owner are paid at least once annually, in October.
Other reasons for not receiving a check include that your interest may have been placed in suspense due to a bad address, transfer of interest, or title dispute.
What do I do if my check is lost, stolen, or becomes outdated?
- Your name
- Your owner number
- Your taxpayer identification number
We will verify the status of your check with our Treasury Department and stop payment if the check is outstanding. The funds will be made available again through reissue to you under a new check number. If your check is over 90 days old, it will not be honored. Please void the check and return it with a written request to reissue to:
Hilcorp Energy Company Attn:
Owner Relations PO Box 61229
Houston, TX 77208-1229
Why does my monthly payment sometimes vary?
Why does my payment differ from others in my family?
What kind of taxes are deducted from my check?
What are the deductions on my check?
How can I better understand my check details?
Questions about Unpaid or Suspended Royalties
How do I find unclaimed funds in my name?
Why are royalty payments suspended?
Questions as a San Juan Royalty Owner
SAN JUAN ROYALTY OWNERS:
The details that accompany your monthly revenue check are abridged in an effort to improve and simplify check details and our internal processing. Specifically, we will report revenue on a “unit basis” not “tract level.” This does not change the revenue amounts you are otherwise due from a particular Federal Unit or Communitized Area.
Beginning April 2019 – Hilcorp began paying on actual sales starting with January 2019.
HILCORP SAN JUAN NETTED REVENUE CHECKS:
In an effort to control costs and receive timely invoice payments beginning in February 2020 Hilcorp will be deducting the amount owed on your joint interest billing invoice from your revenue and then issuing a Net Check (if applicable).
If your joint interest billing invoice is less than your revenue: You will receive a revenue check for production less the JIB balance due. The total amount deducted for JIB netting will be noted at the bottom of the corresponding Revenue Remittance Statement.
If your revenue is less than your joint interest billing invoice: You will need to pay any remaining balance owed on your invoice not covered by your revenue and you will receive a Netting Remittance Statement in lieu of a revenue payment.
Please note that Hilcorp will only be netting your working interest and not your royalty interest.
Questions? Please email email@example.com
When will Hilcorp begin actualizing payments for prior periods?
What happens if I was underpaid for prior periods?
What happens if I was overpaid for prior periods?
What price is Hilcorp using?
How are Hilcorp’s volume estimates determined?
Why is Hilcorp paying royalties based on estimated production instead of actual production?
Why does my statement show my interest as a 100% ownership interest?
Can you please provide a copy of my Form 1099?
Who do I call if my payments are missing production months?
What is the status of funds suspended by previous operators?
What is the status of my ownership transfer?
Questions as a San Juan Working Interest Owner
When will gas imbalances statements be available?
We have dedicated resources for this and are working diligently to complete them. Therefore, gas balancing statements should be available by mid-2020 as actualization is achieved.
I believe that I am owed gas…..why isn’t Hilcorp adjusting my “available-for-sale”?
Currently your monthly “available for sale” volume is based upon your ownership percentage in the current production, once we get accurate imbalances your monthly balances may be adjusted upwards or downwards accordingly to represent the appropriate makeup.
I want to change gas marketers. How do I do that?
We are developing a system that will accommodate wholesale changes on a routine basis. In the meantime, if there is a specific issue you would like to discuss please contact the marketing group at firstname.lastname@example.org.
Where do I update my ownership address to ensure, my address is correct.
Why is my revenue being netted against my joint interest billing?
Hilcorp net’s unpaid joint interest billings against revenues derived from working interest prior to payments being processed.
Questions about other topics
What is a Division Order?
Who do I contact to determine the value of my mineral interest?
Where do I send documents to have them recorded?
Hilcorp’s commitment to urgency and ownership allows me to quickly tackle and make decisions on major issues.
Working every day with such wonderful people who are driven by the same principles and sense of ownership of the organization as I am makes each day a rewarding one.
We constantly ask ourselves, ‘Is there a better way to do this’ Innovation is definitely a key component of Hilcorp’s success.
Urgency is what separates Hilcorp from everybody else…At Hilcorp its ‘act today, not tomorrow’ and that makes a big difference.
This company is great. I look forward to coming to work each day and can truly say that this is “The Best Place to Work".
A flat organization with challenging work, smart, motivated people where everyone can make a difference – That’s Hilcorp.
I really feel like I’m working for a team that appreciates what we do.