TEP Barnett USA, LLC (“TEP Barnett”) assumed operations of the wells previously operated by Chesapeake Operating, L.L.C. (“Chesapeake”) within the Barnett Shale operating area in North Texas. TEP Barnett is part of the TOTAL Group, a leading international oil and gas company.
Download the Change of Address form found under Important Documents and follow the accompanying instructions. The change request MUST include your owner number, name, old address, new address, last 4 digits of your social security/tax identification number and signature of the account holder. If the account with TEP Barnett is a joint account, both account holders must sign the change of address form. Upon completion of the form, you may submit it by mail, email or fax as follows:
Please refer to the Ownership Changes Guide on our Owner Relations webpage. TEP Barnett must receive in writing a request to change ownership, accompanied by appropriate recorded conveyance document from the record title owner. This conveyance must clearly describe the property to be transferred, along with the conveyance recording information for the county in which the property is located. You may submit documentation by mail, email or fax as follows:
Please include the following information:
- Name of current owner and owner number if available
- A copy of the recorded conveyance, assignment or deed
- W9 Form
- Contact information – name, address, and phone number.
- Email address, if available
A division order is a document confirming ownership information in a particular property/unit and authorizing distribution of funds according to that information. The division order does NOT represent a sale of your property or any changes to your lease. When you sign and return the Division Order, you confirm that you agree with the information disclosed in the document. The division order is a legal document, and you may wish to have it reviewed by your attorney.
TEP Barnett generates and mails revenue checks on the last business day of each month. If your account is in pay status and if the account has reached your minimum pay status, a check should be issued. If you have not received your check by the 15th of the following month, please call us back at 1(800) 220-1175 to process a void of the original check and re-issue the funds to you on the next available check write date. Once we void your check, please do not attempt to cash it. The check will be voided in our system and will no longer be honored when presented for payment.
Payments may be affected by a number of items and circumstances, including the following. Always retain your check details for future reference if needed.
- Notice of a change in ownership — When TEP Barnett receives notice of a change in ownership such as notice of death, change of address, transfer of property, assignment of interest or legal dispute, payments will accumulate and release once we receive all necessary documentation and have completed the change of ownership.
- Missing or incorrect address — If TEP Barnett receives notice of an incorrect address, payments will be suspended until a corrected address is on file.
- Natural gas production and market conditions — Changes in a well’s production or natural gas prices may affect the amount of a payment, as can normal maintenance issues, which may impact the volume a well produces in a specific time period.
- Corrections to a previous payment — Adjusting a quantity, price or decimal may be required if there was a previous overpayment or underpayment.
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. By choosing to receive your payments via EFT, you will enjoy quicker payments and on-line access to payment detail. Please complete and return the electronic funds transfer (EFT) form so that payments may be deposited directly to your bank account. You can find this form at our Owner Relations website at www.tepbarnett.com/owner. Upon completion of the form, you may submit it by mail, email or fax as follows:
Revenue checks are no longer valid after 90 days. Checks more than 90 days old are considered stale dated and can be re-issued by returning the check to the address below. TEP Barnett will include this amount, with full detail, on your next revenue check.
TEP Barnett USA, LLC
Attn: Revenue Department
PO Box 17209
Fort Worth, TX 76102
A shut-in payment is defined in the lease, and typically means payment to royalty owners which allows Lessee to defer production from a well capable of producing gas in paying quantities but shut-in for lack of a market or marketing facilities.
Yes. Royalty interest owners receiving more than $10, and working interest owners receiving $600 or more annually will receive an IRS Form 1099-MISC by January 31 of the following year. The income reported to the IRS is your gross income prior to any other deductions or taxes. The 1099 will also list any state or U.S. withholding amounts deducted from your revenue checks. You may also receive an annual property tax bill (Ad Valorem Tax) from the county in which your well(s) are located.
Ad Valorem taxes on minerals are levied at the county level. Ad Valorem is Latin for “according to value.” In Texas (and some other states), this tax becomes payable only when minerals are producing (as opposed to non-producing), and are billed and collected once per year. Mineral interests are classified as real property, and are taxed based on the appraised fair market value. In its simplest form, fair market value is the price a willing buyer from the open market will pay for a mineral interest within the currently prevailing market conditions.
A severance production tax is a state tax levied against both royalty and working interest owners on their pro rata share of oil and gas production.
State governments set owner severance tax rates and levy the tax when natural resources such as oil and gas are “severed” from the earth.
In addition, county governments render and collect a yearly “Ad Valorem Tax” on producing minerals in many states. Owners are usually assessed and billed annually directly from the county where the well(s) are located.
Owner Relations will submit your request with detailed information about the property to a Landman for evaluation. If your property is of interest to current or future operations, you will receive a call from a representative of our Land Team.