When are royalty checks issued?
Checks are issued and mailed on or about the 25th day of each month. Direct deposits are generally made within 2 business days after royalty checks are issued. Revenue is normally distributed within 60 days following the production month.
Why didn’t I receive a check this month?
Our checks are mailed on the 25th of each month. If this date falls on a Saturday, Sunday, or National Holiday, your check will be issued the succeeding business day. If you do not receive your check by the tenth business day from the date the checks were mailed, contact Owner Relations at 844-445-1966 or OwnerRelations@alta-resources.com.
Please be advised that it is Alta’s policy to issue a check only when an account has accumulated production proceeds of Alta’s minimum pay amount which is $50.00 (see also What is the minimum pay amount?). If an account balance is less than $50.00, a check will be issued when the account balance reaches $50.00. The exception to this policy is that at least once a year we release all account balances.
What is the minimum pay amount?
An owner must accumulate a minimum balance in their account of $50.00 in order for a check to be issued. A minimum pay suspense release below the minimum threshold will be issued at least once a calendar year.
Why does my monthly payment amount vary?
Many factors may cause your payment to vary, including but not limited to, market conditions, suspended payments, adjustments (including any overpayments or underpayments), fluctuating commodity prices, regulatory or contractual changes, production volumes, seasonal conditions and routine maintenance or operating issues which may affect the volumes produced from a well during a given time period.
Why does my payment differ from others in my family?
This can occur because ownership between family members is not equal, because one party has not provided Alta with a Tax ID (TIN) or other required information, or because some family members may own interest in other properties in addition to those commonly owned. Other factors possibly causing variances between family member check amounts may be related to stale dated checks, returned checks and/or address changes.
What should I do if my check is lost, stolen or becomes stale dated?
Royalty checks are mailed either on the 25th of each month or on the last workday prior to the 25th. Lease Obligation checks are mailed pursuant to the lease. Please allow sufficient time for delivery by the postal service before contacting us. If your check is lost or stolen, please notify us at 844-445-1966 or OwnerRelations@alta-resources.com. Please give your owner number and the month of the check that you did not receive.
Checks must be cashed within 90 days of issue date. If your check is outdated, please notify us at 844-445-1966 or OwnerRelations@alta-resources.com.
When are royalty payments suspended?
Royalty payments may be suspended (or held in suspense) until certain conditions are satisfied. Generally, royalty payments may be suspended for several reasons including, but not limited to, the following:
Missing Tax ID, insufficient address, assignment of interest, notice of death, lack of documentation/title confirming ownership, or disputes involving proper apportionment or ownership of interests in the minerals produced.
Also, please note that revenue checks are issued only when the revenue amount due exceeds $50.00. Please see "What is the minimum pay amount?" above for more information on minimum release payments.
How do I view my royalty payment check detail?
You can view your royalty statement by registering your owner account at Alta’s Owner Information Website.
What should I do if I have a question regarding my check detail?
Who do I contact with login issues or when having trouble viewing check detail on PDS?