Merit Energy Partners is committed to ensuring timely and accurate royalty payments to our valued owners. This guide outlines the royalty payment schedule and provides essential information for managing your account effectively. We aim to make the process transparent and straightforward, ensuring you receive your payments without unnecessary delays.
Royalty Payment Schedule at Merit Energy Partners
Merit Energy Partners issues royalty payments via two primary methods: paper checks and direct deposit. Both methods follow a consistent monthly schedule to help you anticipate when to expect your funds.
Paper Check Payments
Paper royalty checks are mailed on the 20th of each month. Please allow postal delivery time for the check to reach you.
Direct Deposit Payments
For royalty owners who prefer electronic transfers, direct deposit is available. Funds are transferred on the 20th of each month. Please note that while the transfer occurs on the 20th, it may take up to five business days for the funds to appear in your account, depending on your bank’s processing times, as stated in the EnergyLink enrollment terms.
Minimum Balance for Payment Issuance
To streamline payment processing, Merit Energy Partners has established minimum balance thresholds for issuing payments.
- Standard Check Issuance: Revenue checks are typically issued when your owner account balance reaches at least $100.
- Annual Low Balance Payout: Annually, in June, for owners with balances of $10 or more who have not received payments during the year, checks or ACH transfers are issued. This ensures even smaller balances are paid out regularly.
- Lower Check Threshold Request: If you prefer to receive checks when your balance reaches $25, you can request this lower threshold. To change your preference, please contact [email protected] or call 972-628-1590.
Managing and Accessing Your Royalty Information
For detailed information regarding your royalty payments, Merit Energy Partners provides online access through EnergyLink.
- Accessing Check Details Online: Electronic check details are readily available on the EnergyLink platform. This allows you to review payment history and details at your convenience.
- EnergyLink Support: Should you require assistance with EnergyLink, you can find help on their contact page at EnergyLink Contact or by emailing [email protected].
Addressing Common Royalty Payment Inquiries
Merit Energy Partners is dedicated to resolving any issues you may encounter with your royalty payments promptly.
- Check Not Received: If you have not received your check by the fifth business day of the month following the mailing date, please contact the Royalty Relations Hotline at 972-628-1590.
- Lost or Stale Checks:
- Lost Check: If a check is lost, complete and return the declaration of loss form. Upon receipt, Merit Energy Partners will void the lost check and include the funds in your next payment.
- Old Check: For checks older than 120 days (stale checks), mail the original check to Merit Energy Company, Attn: Royalty Relations, 13727 Noel Road, Suite 1200, Tower 2, Dallas, TX 75240, with a request for reissue. The funds will be included in your upcoming royalty payment.
- Payment Amount Questions: For inquiries about your check amount, deductions, production codes, or changes in production, please contact the Royalty Relations Hotline.
- IRS 1099 Statements: IRS 1099 statements are issued annually by January 31st.
Contacting Merit Energy Partners Royalty Relations
For any further assistance or questions regarding your royalty payments, please do not hesitate to contact Merit Energy Partners.
- Royalty Relations Hotline: Call us at 972-628-1590 for immediate assistance.
- Online Contact: You can also reach out through the online contact form available on the Merit Energy Partners Contact Page.
Merit Energy Partners values your partnership and strives to provide clear and helpful information regarding your royalty payments. We are here to assist you with any questions or concerns you may have.
