Monthly checks for oil and natural gas revenues are mailed by the last business day of the month. If you have any questions, please contact Owner Relations at 800-220-1175 .
Lease Obligation payments are issued based upon terms outlined in the oil and gas lease. These payments are generally issued to extend a lease, fulfill a shut-in payment obligation or issue a bonus payment due under an order of payment document. The checks are typically issued via certified mail. If you are anticipating a lease obligation payment and have not received your check, please call Owner Relations at 800-220-1175 or send us an email.
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.
OIL AND NATURAL GAS PRODUCTION AND MARKET CONDITIONS
Changes in a well’s production or oil and 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.
If you have questions about owner payments or your account, call Owner Relations at 800-220-1175 from 8:00 am – 11:20 am and 12:30 pm – 5:00 pm Monday through Thursday, and 8:00 am – 12:00 pm on Friday, Central time, or email our Owner Relations team.