Royalties are the mineral owner’s proportionate share of production as reserved in an oil and gas lease.
Mission Creek Resources, LLC
25511 Budde Road, #601
The Woodlands TX 77380
A Division Order is a document Mission Creek Resources issues that describes the property, the operator, the legal description, the owner's remittance address and tax ID information, if known, as well as the owner's decimal interest in the property. The owner is asked to sign and return the Division Order. Mission Creek Resources uses this information to remit proceeds to the owner if Mission Creek Resources has the disbursement responsibility.
Your owner number is specific to you and is tied to every Mission Creek Resources well connected to you. Always use your owner number when corresponding with Mission Creek Resources.
Forward a recorded deed or instrument of conveyance to:
Mission Creek Resources.
25511 Budde Road, #601
The Woodlands TX 77380
Please send changes in address to Mission Creek Resources. 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 document page for an Electronic Change of Address Form.
Once notified, the deceased owner’s revenue will be held in suspense until the proper heirs can be determined. Upon notifying Mission Creek Resources, we will send you information describing what must be provided to transfer the interest to the proper heirs.
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 no longer receive your payment detail by mail. To set up direct deposit, return the ACH Direct Deposit Form with a voided check to the address provided on the form. If you have enrollment questions, please call Mission Creek Resources at (346) 224-2404.
Once title is cleared, most royalty owners will be issued a monthly check unless the amount due is less than $50. Smaller amounts are accumulated and paid when $50 has accumulated. Mission Creek Resources generates and mails revenue checks on the last business day of each month. If your account is in a 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 at (346) 224-2404.
A royalty owner shares in production revenues, while a working interest owner shares in both production revenues and development and operating expenses.
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.
Contact our Owner Relations Department at (346) 224-2404 to stop payment if your check is lost or stolen. Please have the following information ready when you call: your name, owner number and check date. We will stop payment on your check and issue a replacement. If your check is outdated, void the check, and send it back to Owner Relations with a written request for a new check.
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 because ownership between family members is not equal, because one party has not provided Mission Creek Resources with a Taxpayer Identification Number (TIN), or because some family members may own interest in other properties in addition to those commonly owned.
This occurs due to special marketing arrangements or other contractual agreements. The value is still proportionally correct.
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.
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, Mission Creek Resources is required to withhold 28 percent from your payment for federal income taxes.
(346) 224-2400 - Headquarters - The Woodlands, Texas
(870) 235-0400 - Operations Office - Magnolia, Arkansas
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