Your owner number is specific to you and is tied to every Brookston well connected to you. Always use your owner number when corresponding with Brookston.

Please send changes in address to Brookston’s Land Department. Please send a copy of your marriage certificate to update your name as a result of marriage. Submit your address change in writing and with the appropriate documentation as listed on the Ownership Changes page. Please include your owner number, old address and new address including the zip code, and be sure to include your signature or the signature of your appointed agent. For your protection, address changes are not accepted by telephone. Please see our IMPORTANT DOUCMENTS PAGE for an Electronic Change of Address Form.

Yes, we have an electronic funds transfer (EFT) option for our revenue interest owners. EFT payments are only available for accounts drawn within the United States. If you elect to receive electronic payments, you will receive your check directly into the bank account you provide to Brookston and your check detail will be sent to the valid e-mail address you provide us. To set up direct deposit, return the enrollment form with a voided check and a valid e-mail address to the address provided on the form. If you have enrollment questions, please email Amanda Melton at amelton@brookstonenergy.com or call 903-405-1901 Ext. 107.

A royalty owner shares in production revenues, while a working interest owner shares in both production revenues and development and operating expenses.

Brookston Energy, Inc. cannot provide tax advice. You will need to contact your tax advisor regarding questions concerning your tax return.

Contact our accounting department at 903-405-1901 Ext. 103 or 107 to void your check if it is lost or stolen. Please have the following information ready when you call: your name, owner number and check date. We do not replace checks less than 30 days old in order to give the Post Office sufficient time to deliver or return the check to us. If your check is outdated, void the check, and send it back to Royalty Relations with a written request for a new check.

This occurs because ownership between family members is not equal, because one party has not provided Brookston with a Taxpayer Identification Number (TIN), or because some family members may own interest in other properties in addition to those commonly owned.

If petroleum can be produced in commercial quantities on your land, it is time to clear the title to mineral rights. First, our Land Department must receive official notice of the first well completion. Next, copies of the property’s records must be obtained by the abstractor. Then, an attorney must examine title to all mineral rights in the well and submit a Title Opinion reflecting current ownership. Lastly, any outstanding questions are resolved. This process can take several months to complete.

For your protection, payments are suspended upon a title dispute, the assignment of interest, notice of death, transfer of property, or in the event of no known address. Keeping your information current can prevent this inconvenience.

Royalty interest owners receiving more than $10 and working interest owners receiving more than $600 annually receive IRS Form 1099. This summarizes your total payments and tax withholdings for the previous year.

The amount required by IRS to be reported on the 1099 Misc. Form is the gross amount of your checks (before taxes or other deductions). Your 1099 gross amount should agree with the YTD (year to date) totals on your last check for the year.

Many factors contribute to your payment, including: market conditions, fluctuating commodity prices, regulatory or contractual changes, production volumes, seasonal conditions and well downtime.

This occurs due to special marketing arrangements or other contractual agreements. The value is still proportionally correct.

Federal law requires that individuals and partnerships provide a certified Taxpayer Identification Number (TIN) for the owner account. For individual owners, your TIN is your Social Security Number. Other entities should provide Employer Identification Numbers. If the appropriate TIN is not received, Brookston is required to withhold 28 percent from your payment for federal income taxes.