FAQ
 

Royalty Payments

 

When are checks issued?

 

Revenue checks are issued on or about the 25th of each month, and directly deposited funds are deposited around the same time of each month as well.

 

What is Hannathon’s minimum check amount?

 

Checks are not issued until the royalty payment amount reaches a minimum of $100.00. However, once a year, checks are issued for royalty payments that amount to $10.00 or more.

 

What should I do if I do not receive my check?

 

Please wait until the 15th calendar day of the following month for your check to arrive in the mail. If you believe your check has been lost or stolen, please contact our Owner Relations team at the contact information listed below so that we may stop payment and reissue the check.

 

What should I do if my check is older than 90 days?

 

Any check older than 90 days should be marked void and sent back to Hannathon. Once it is received, it will be voided and reissued.

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Ownership Questions

 

I have sold my interest to someone else, or I have bought someone else’s interest. What do I need to send to you?

 

Please provide copies of the following:

 

• Conveyance document that evidences the sale or purchase, recorded in the county where the property is located

• A completed IRS Form W-9 for the new owner(s)

 

What do I need to provide if someone has died?

 

While the ownership changes due to death vary by state, Hannathon Petroleum's assets are located in the State of Texas. Therefore, to change the ownership of the land, minerals and/or royalties, you may also need to follow the laws of the State of Texas. If you have other questions regarding probate proceedings, we recommend that you consult with a legal professional for further assistance.

 

If the owner had a Will and probate proceedings have occurred, please provide a copy of the following:

 

• Death Certificate

• Last Will and Testament recorded in the county where the property is located

• Order Admitting Will to Probate recorded in the county where the property is located

• Letters Testamentary recorded in the county where the property is located

• A completed IRS Form W-9 for the new owner(s)

 

If the owner did NOT have a Will and probate proceedings will NOT occur, please provide a copy of the following:

 

• Death Certificate

• Two notarized Affidavit of Death & Heirship forms completed by two disinterested parties. Both forms must be recorded in the county the property is located

• A completed IRS Form W-9 for the new owner(s)

 

For an Estate to receive payment while probate proceedings are ongoing, please provide a copy of the following:

 

• Death Certificate

• Letters Testamentary or Letters of Administration

• A completed IRS Form W-9 for the Estate including the Estate TIN

 

If the owner had a Life Estate, please provide a copy of the following:

 

• Death Certificate

• A completed IRS Form W-9 for each Remainderman

 

What do I provide if I have a name change?

 

Please provide a copy of the following, as applicable:

 

• Marriage Certificate

• Divorce Decree

• Court documents showing the name change

 

Additional documentation may be required after all documentation provided has been reviewed. The owner/heirs are responsible for recording fees. Please contact the applicable county for recording fee information.