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OWNERS & VENDORS

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Owner & Vendor Relations FAQ

We've compiled a list of the most Frequently Asked Questions in order to guide you in the right direction of help.
 

If you don't see your question below or still have questions, please contact our team.

Direct Deposit Inquiry

What is Direct Deposit?

Direct Deposit is an electronic method of payment where your funds are deposited directly into your bank account through the Automated Clearing House (ACH) Network

What are the benefits of Direct Deposit?

Direct Deposit eliminates the handling of paper checks and manual deposits. It reduces payment problems due to lost, stolen, mutilated, or misdirected checks, and saves the time needed to make trips to the bank. Your money transfers securely and directly into your account on time. This service is provided to you at no cost.

If my Oil & Gas interest is held jointly, do we both need to sign the Direct Deposit Authorization Form?

Yes. For example, if the ownership is held in the name of Mr. & Mrs. Jones, both parties must sign the Direct Deposit Authorization Form

No. Saddleback is only offering Direct Deposit into any United States bank account that accepts ACH transfers.

No. Saddleback is only offering Direct Deposit into any United States bank account that accepts ACH transfers.

No. Saddleback is only offering Direct Deposit into any United States bank account that accepts ACH transfers.

Saddleback will process each request as soon as possible in the order received.  Ordinarily we will get this done before the next payment cycle but it may take two payment cycles for the electronic payments to begin.

Yes. Email address is a requirement.  Saddleback is asking you to provide your email so that we can email your check remittance. We will not disclose your email address to third parties.

No. Saddleback is only offering Direct Deposit into any United States bank account that accepts ACH transfers.

Our ACH application form can be downloaded by clicking the on this ACH Authorization link on this page.  Please make sure all applicable parties on your account sign the form. Return the form by email, mail, or fax using the information below:

 

Saddleback Exploration, LLC

Attention: Owner Relations 

5555 E 71st Street, Suite 8200

Tulsa, Oklahoma 74136
918-901-9305
ownerrelations@saddlebackexp.com 

 
 

Yes. Email address is a requirement.  Saddleback is asking you to provide your email so that we can email your check remittance. We will not disclose your email address to third parties.

Saddleback processes revenue payments one time per month, generally in the first 14 days. Funds will be credited to your bank account within two days of processing.

It is required that you notify Saddleback with a new Direct Deposit Authorization Form. We will inactivate your original Direct Deposit instructions while the new instructions are being processed.  If there is a distribution that occurs while the new instructions are being processed, you will receive your distributions via check.

If an ACH is returned due to a closed account and Saddleback was not notified in advance, any bank fees incurred will be passed on to the owner and deducted from future payments. 

It is required that you notify Saddleback with a new Direct Deposit Authorization Form. We will inactivate your original Direct Deposit instructions while the new instructions are being processed.  If there is a distribution that occurs while the new instructions are being processed, you will receive your distributions via check.

Cancellation requests must be in writing. Please notify Saddleback by email, mail, or fax using the information below. 

 

Saddleback Exploration, LLC

Attention: Owner Relations 

5555 E 71st Street, Suite 8200

Tulsa, Oklahoma 74136
918-901-9305
ownerrelations@saddlebackexp.com 

 

General Inquiry

Joint Interest Billing (JIB) Payments should be mailed to: 
 

Saddleback Exploration, LLC

Attention: Accounting 

5555 E 71st Street, Suite 8200

Tulsa, Oklahoma 74136
918-901-9305

 

Joint Interest Billing statements can be sent directly to your email address each month.  You may send your request to ownerrelations@saddlebackexp.com Please include the owner name, owner code number and desired email address. 

Joint Interest Billing statements are generally processed within 14 business days after the end of the month. If you are missing your JIB statement, you can request a copy from ownerrelations@saddlebackexp.com

Accounts payable checks are processed every two weeks. 

Individuals:
 

Requests for name changes for individuals must include the name on file with Saddleback, your social security number and copies of documentation supporting the change (i.e., marriage certificate, divorce decree, etc.)

Please notify Saddleback by email, mail, or fax using the information below. 

 

Saddleback Exploration, LLC

Attention: Owner Relations 

5555 E 71st Street, Suite 8200

Tulsa, Oklahoma 74136
918-901-9305
ownerrelations@saddlebackexp.com 

 

Company/Corporation:
 

Please provide a certificate of Name Change including TAX ID to:
 

Saddleback Exploration, LLC

Attention: Owner Relations 

5555 E 71st Street, Suite 8200

Tulsa, Oklahoma, 74136
918-901-9305
ownerrelations@saddlebackexp.com 

 
 

During the lifetime of a lease or well, there may be numerous changes in ownership. We make evidencing a change in ownership an easy process.
 

Disclaimer: Each leasehold/royalty interest is governed solely by the language in the individual written agreement between Saddleback and the leasehold/royalty owner.
 

SALE OF INTEREST 

A copy of the document, filed of record in the county/parish in which the property is located, conveying the interest to the new owner. 
 

OWNER DIES TESTATE (WITH A WILL) 

Copy of the Death Certificate 

Order Admitting Will to Probate 

Letters Testamentary 

Last Will and Testament of Decedent 

Evidence that Debts and Taxes have been paid 

Final Decree of Distribution or Judgment of Possession

 

OWNER DIES INTESTATE (NO WILL) 

Affidavit of Heirship Form should be executed by two disinterested parties and recorded in the county/parish where the property is located. And a Copy of Death Certificate

 

TRUST/PARTNERSHIP CHANGE 

Trust or Partnership Agreement: If appropriate, recorded document conveying the interest in a property to a Trust or Partnership 

Dissolution of Trust or Partnership: If appropriate, a recorded conveyance to the beneficiary 

Change in Trustee: Recorded instrument whereby the successor trustee was appointed 

 

SALE OF INTEREST 

Conveyance filed of record in the county/parish where the property is located.

Revenue Owner Information

Saddleback will not provide any information concerning revenue checks over the telephone.  If you normally receive a monthly revenue check and have not received your check by the 30th of the month, please notify Saddleback by mail or e-mail concerning this.  All correspondence of any nature must include your Owner Number, shown in the lower left-hand corner of your check stubs.  This is the same number as your Business Associate Number shown on your Division Order

Please notify Saddleback by email, mail, or fax using the information below. 

 

Saddleback Exploration, LLC

Attention: Owner Relations 

5555 E 71st Street  Suite 8200

Tulsa, Oklahoma 74136
918-901-9305
ownerrelations@saddlebackexp.com 

 

Requests for information regarding future checks will not be answered.

 

If your check is more than thirty (30) days late, contact Saddleback at ownerrelations@saddlebackexp.com

You may be required to submit a written authorization to stop payment and re-issue the check. Once we place a stop payment on your check, it will be voided in our system and will no longer be honored by our bank. To avoid postal delays, you may want to consider direct deposit for your payment. 

We mail 1099s on or before Jan. 31 of each year to each royalty owner receiving more than $10 or to each working interest owner receiving payments in excess of $600. If you do not receive your 1099 by Feb. 16 or if information on the 1099 is incorrect, please notify Saddleback by email, mail, or fax using the information below. 
 

Saddleback Exploration, LLC

Attention: Owner Relations 

5555 E 71st Street, Suite 8200

Tulsa, Oklahoma 74136
918-901-9305
ownerrelations@saddlebackexp.com 

 
 
 
 

Funds will be issued to you in the next available check process. Once we place a stop payment on your check, please do not attempt to cash the check. The check will be voided in our system and will no longer be honored by our bank. You may want to consider direct deposit for your payment. 

Changing market conditions can cause price fluctuations, natural depletion, mechanical or operational problems or routine maintenance may temporarily affect production, causing downtime. If you have reason to believe an error has occurred, email us at ownerrelations@saddlebackexp.com

Payments are made in accordance with the applicable State Statute. After the payment for initial production is made, Saddleback pays for oil and gas production when accounts accrue $100.  Generally speaking, we receive oil revenue around the 20th of the month and gas revenue around the last day of the month.  We typically distribute this revenue in one check run within the first 14 days of the month.

Checks not deposited within 12 months will be voided and placed in suspense or reissued if you are currently depositing checks.

A Division Order authorizes the sale of production (oil and/or gas) from a producing well and, pursuant to Texas statute, is sent to all royalty and working interest owners for their signatures. Division Orders include the interest of production owned by each party, their addresses, social security or tax identification numbers, and a legal description of the property on which the well(s) is located. You signature on the Division Order allows you to be put into pay status and begin receiving your royalty payments.