Relating to Interest Ownership
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All changes of ownership must be filed of record in the County/Parish/State where the property is located. We cannot provide forms for conveying real property interests. Please contact an attorney for assistance in document selection and preparation.
Address changes must be submitted in writing. Please fax or email us the following information, your Name, Owner Number, Old Address, New Address, the last four digits of the SSN and your Signature. Please note we MUST have your signature. You may also fill out our Change of Address form.
Interest is transferred with the appropriate Conveyance for your interest type. Denbury requires transfer documents to be recorded in the county/parish/state in which the property is located. Please contact an attorney for assistance in document selection and preparation.
Please mail a copy of the recorded document to PO Box 251289, Plano, TX 75025-1289, Attn: Owner Relations.
Note: Originals will not be returned.
Transfers due to death vary by state. Please contact us directly and we will be happy to assist you.
Owners must notify Denbury of any marital status change in writing and provide a copy of their marriage license, divorce decree or any legal document showing that the name has been legally changed.
Royalty Checks are mailed on the 26th of the month. If the 26th of the month falls on a weekend or a holiday, payment will be mailed the following business day.
*PLEASE ALLOW 15 BUSINESS DAYS FOR DELIVERY OF YOUR CHECK*
Payments will be made monthly to all owners with cumulative balances of $25.00 or more. Balances less than $25.00 will be released twice a year (typically in March and September) so that payment is made at least semiannually.
Check amounts may vary from month to month depending on production volumes, price of product, marketing
arrangements, changes in tax laws, or any adjustments that may occur.
Many factors can impact your payment: non-resident tax laws or rounding of decimal. For more information, please contact Denbury Owner Relations 1.800.348.9030.
A Division Order is the document that lets you know production has started and Denbury is preparing to make distribution of revenue derived from the sale of oil, gas and other hydrocarbons. Denbury uses a Division Order to verify that your name and address is correct as shown for mailing payments. We also use this document to verify your decimal is accurate to ensure revenue distribution is correct.
If your check is not received within 15 business days of the normal payment date, please contact Denbury Owner Relations to reissue the check. Funds are normally reissued with your next check. Please understand that if you ask for a replacement check the original check will be immediately voided. This means that if the original check arrives on the next day you should NOT CASH it as this check will not be honored by Denbury.
Please see the check detail example for more information on understanding your check.
AW-9 form is a request for taxpayer identification number and certification. It must include your name, address, federal tax classification, tax identification number, signature and date. Please click here to view and print the form. Please note this document must have your signature to be valid. Once completed please either mail by post, email a scanned copy or fax it to us.
A Working Interest (WI) is a percentage of ownership in an oil and gas lease and grants its owner the right to explore drill and produce oil and gas from a tract of property. Working Interest owners are obligated to pay their proportionate percentage of the cost of leasing, drilling, producing and operating a well or unit.
A Mineral Interest (MI) is also known as an unleased mineral interest and is a cost-bearing interest because the unleased mineral interest owners are not sharing a portion of their production in exchange for the Operators covering all of the production costs associated with extracting the resources from the ground. The unleased mineral interest owners are entitled to 100% of their production minus their proportionate share of the cost of drilling, completing and equipping the well in addition to operating costs after the well is completed.
A Net Profits Interest (NPI) or Net Proceeds Interest (NP) is similar to an overriding royalty. However, rather than being paid a percentage of the working interest owner’s share of production, the net proceeds interest owner receives a stated share of the working interest owner’s share of the net profits from the property. Thus, a net proceeds interest is a fractional ownership in the revenue derived from the sale of oil and gas, net of expenses.
*Although our check detail is coded as a royalty interest (RI), you can determine that it is actually an NPI by looking at the title of the property in which the person owns an interest. NP or NPI is noted in the title of the property.
An Overriding Royalty Interest (OR) is an interest which is not connected to an ownership of minerals under the ground. It is the right to receive revenue from the production of oil and gas from a well. The overriding royalty is carved out of the Lessee’s (operator’s) working interest and entitles its owner to a fraction of production. It is limited in duration to the terms of a specific existing oil and gas lease, but is not subject to any of the expenses of development, operation or maintenance. An overriding royalty interest expires once the lease has expired and production has stopped, whereas minerals and royalty owners maintain their ownership after production stops.
Relating to Direct Deposit