MartindaleConsultantsInc.

The Oil and Gas Consulting Company

Owner Relations

 

Addresses for Martindale Revenue Distribution:

Martindale Consultants
Revenue Distribution
4100 Perimeter Center Dr Suite 300
Oklahoma City, OK 73112


405.948.4442

Addresses for Mach Revenue Distribution:

Martindale Consultants
Mach Revenue Distribution
4100 Perimeter Center Dr Suite 300
Oklahoma City, OK 73112


405.948.4442

Addresses for Cutbow Operating:

Martindale Consultants
Cutbow Operating
4100 Perimeter Center Dr Suite 300
Oklahoma City, OK 73112


405.948.4442

 

Martindale Consultants Inc. acts as agent to distribute revenues on behalf of several oil and gas producers. Owner inquiries are routed through three separate owner relations channels:

  • Martindale Revenue Distribution
  • Mach Revenue Distribution
  • Cutbow Operating

To determine whom you should contact, please refer to your check detail or other ownership documents provided by Martindale.

  • If you are a Mach owner, the owner number provided by Martindale is a 6-character alpha-numeric identifier beginning with “H.”
  • If you are a Martindale owner, the owner number provided is a 6-character alpha-numeric identifier beginning with “M.”
  • If you are a Cutbow owner, your owner number is a 6-character alpha-numeric identifier beginning with “C.”
  • If you cannot find your owner number, or you have yet to be assigned an owner number, and you know the name(s) of the property(s) on which you have questions, please consult the property lists to determine which associate you should contact.
 

General Questions

1. My checks used to come from Alta Mesa, but now they come from Martindale. Why?

Martindale is now distributing revenues from properties for which Mach Resources is responsible for distributing. If you are receiving payments from Martindale for properties that were once remitted by Alta Mesa or Hinkle Oil & Gas, one or more properties in which you hold mineral interests are the responsibility of Mach Resources to distribute. You may still have mineral interests being distributed by Alta Mesa and/or its successor.

2. My checks used to come from DCP, but now they come from Martindale. Why?

Martindale is now distributing revenue from properties where various operators are responsible for distributing. If you are receiving payments from Martindale for properties that were once remitted by DCP, one or more properties in which you hold mineral interests are the responsibility of an oil and gas producer who has outsourced its revenue distributions to our firm. You may still have mineral interests being distributed by DCP and/or its successor.

3. What are royalties?

Royalties represent the interests retained by lessors under an oil, natural gas, and mineral lease. Generally, funds are payable on these interests based upon the value of a percentage of the minerals produced from the lease.

4. How do I figure my royalty interest?

Net acres/unit acres x lease royalty rate. Example: 10/640 x 0.125 = 0.001953125. But, you must consult your specific lease and/or legal advice for your specific calculation.

5. What is a division order?

A Division Order is a document signed on behalf of the interest owner verifying to the purchaser, operator, or remitter of a well or wells the decimal interest of production owned by that party. It also provides the owner’s remittance address and taxpayer identification number, possibly along with other information.

6. I have received a Division Order from Martindale. What should I do next?

Sign and return the document after consulting with your legal advisor to be sure the following, and other, information is correct.

  1. The accurate decimal interest for your ownership
  2. The correct spelling of your name
  3. Your current mailing address
  4. Where you want your revenue sent, if different than your mailing address
  5. Your taxpayer identification number

7. What is the difference between a royalty owner and a working interest owner?

Generally, royalty owners share in production revenues and working-interest owners share in both production revenues and development and operating expenses.

8. What is my tax ID?

Your Tax ID is either the Social Security Number (SSN), Employer Identification Number (EIN), or Taxpayer Identification Number (TIN) for the individual/entity receiving royalty payments and must be on file for identification and IRS reporting requirements. If your Tax ID is not on file, Martindale is required by the IRS to withhold 24% of all payments and revenues and remit them to the IRS on behalf of the owner until a Tax ID is provided.

 

Owner Information & Changes

1. How do I change my mailing address?

Please fill out an Address Update form and send it to the appropriate address listed on this page.

2. How do I add my husband/wife to my account?

Consult with your legal advisor, but in general, provide a copy of the conveyance document that establishes joint tenancy/ownership and has been recorded in the county and state where the minerals reside to the appropriate address listed on this page.

3. How do I report a change of ownership due to the sale or transfer of interest OR death of the recorded owner?

Please refer to the "Required Documents for Ownership Changes” file. After discussing with your legal advisor, forward all necessary documentation, your contact information, and the current ownership information (owner name and owner number) to our staff at the appropriate address listed on this page.

4. How do I change my social security number or tax ID number on file?

After consulting with your legal or accounting advisor, please fill out IRS Form W-9 and forward it to the appropriate address listed on this page.

 

Owner Payment Information

1. What should I do if my check is lost, stolen, or becomes stale-dated?

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).

2. Is direct deposit available for royalty payments?

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.

3. Why should I sign up for direct deposit?

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.

4. How do I update my direct deposit information?

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.

5. Where can I find my royalty payment check detail?

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.

6. When are revenues distributed?

  1. Timing of initial payments will vary depending on many factors. We always attempt to commence payments for the proceeds of production as soon as we are able and according to statutory requirements for each state or jurisdiction. It can take up to six months from first sales on a well before you receive a ch