ownerrelations.machresources.comOwner Relations – MACH Resources

Operations Responsibility News & Media Careers Contact Investor Relations Owner Relations Vendor Relations Royalty & Interest Owners Whether you have questions about changes, payments, or other important documents, we’ve made it simple to navigate below. Always feel free to reach out to us personally at ownerrelations@MachNR.com or 405-252-8197. Instructions BCE-MACH BCE-MACH II BCE-MACH III Please Select an Entity Please make a selection above for the investment you are looking for to get resources, documents and a list of frequently asked questions. View Operations Map Royalty & Interest Owner Inquiry Form Change of Address IRS Forms and Information Change of Ownership ACH Direct Deposit Revenue Check Detail Joint Interest Billings Production Volumes Frequently Asked Questions General Terms What are Royalties? Royalties represent the interests retained by lessors under an oil, natural gas and mineral lease. Funds are payable on these interests based upon the value of a percentage of the minerals produced from the lease. What is clearing title? Clearing title is the process of verifying that you own the interest. Title is the legal right or evidence of the legal right to property. How is my royalty interest calculated? Royalty is calculated based on the following: Take the number of net mineral acres that you own within a well’s drilling or spacing unit (example: If you own an undivided 1/2 mineral interest in 80 acres, you own 40 net mineral acres.); Divide that number by the total acres in that well’s drilling or spacing unit; and Multiply this number by the royalty interest negotiated in your oil, natural gas and mineral lease. For example, if you own 40 net mineral acres, the spacing unit is 640 acres and the royalty interest is 1/8, then your royalty interest in the well is (40/640) x 1/8 =0.0078125. What is a division order? A division order is a document confirming ownership information in a particular property/unit and authorizing distribution of funds according to that information. It 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. If you have any questions regarding the content of your Division Order, please contact Mach Natural Resources Division Orders Department (Division Orders”). Owner Information & Changes What is an Owner Number? An owner number is your unique number for your account. You’ll want to be sure to include your owner number in all communications with Mach, including in all voicemail messages and in the subject line of any email correspondence. How do I change my address? To change your address, just complete the Change of Address (COA) form located above. Be sure to fill the form out completely. For additional questions, please call 405-252-8197. How do I add someone to my account? You’ll need to provide Division Orders with a copy of the conveyance document that establishes joint tenancy/ownership has been recorded in the county and state where the minerals reside. Send all info to divisionorders@MachNR.com or call 405-252-8197 with additional questions. Owner Payment Information Does Mach Natural Resources offer direct deposit for royalty checks? Yes! To get started, download the EFT form located in the forms section. Fill it out completely and have all persons listed on the account sign and date the form. Include a voided check copy for the account you wish to have funds deposited in. Scan completed form to ownerrelations@MachNR.com or mail it to: BCE-Mach LLC Attn: Division Orders PO BOX 20546 Oklahoma City, OK 73156 Note: If you sign up for direct deposit, you will need to get your check detail from www.energylink.com. What are the benefits of ACH? Mach Natural Resources offers a direct deposit payment option for its interest owners. It is safe, secure and offers many advantages, including: No cost to you. No postal delays of your check. No unnecessary trips to the bank. No lost, damaged or stolen checks. If traveling, your revenues are still deposited in your bank account How do I change my direct deposit information? To change your direct deposit information, you’ll just need to electronically submit or download and print EFT form located in the forms section. Make necessary changes, sign and date the form. Be sure to also include a voided check copy for the account you wish to have it deposited in. You can scan the updated form to ownerrelations@MachNR.com or mail it to: BCE-Mach LLC Attn: Division Orders PO BOX 20546 Oklahoma City, OK 73156 When are royalty checks issued? Checks are issued and mailed on or about the last day of each month. If the last day of the month falls on the weekend or holiday, Mach will strive to issue checks on the preceding business day. Direct deposits are generally deposited on the or about the last day of each month. Oil revenue is normally paid within 60 days following the sales month. Natural gas revenue is normally paid within 60-90 days following the sales month. What is minimum pay amount? An owner must accumulate a minimum balance in their account of $100 in order for a check to be issued. Note that we have a Minimum Release each year in July to all accounts with a balance of at least $10. Why does my monthly payment amount vary? Many factors may cause your payment to vary, such as market conditions, suspended payments, adjustments (including any overpayments or underpayments), fluctuating commodity prices, regulatory or contractual changes, production volumes, seasonal conditions and 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? Factors affecting payment may include issues such as unequal ownership between family members, incomplete Tax ID (TIN) or other required information, stale dated checks, returned checks, and/or address changes. What should I do if I do not receive my revenue check? If you have not received a check by the 10th business day following the date of the check, please contact ownerrelations@MachNR.com or call 405-252-8197. You may also sign up for Direct Deposit (EFT) to eliminate these types of delays. Can a check 90 days or older be cashed? As indicated on the check, all checks are stale after 90 days. Please contact ownerrelations@MachNR.com or call 405-252-8197 to request reissue of a stale dated check. What should I do if I have questions regarding my check detail? Please contact ownerrelations@MachNR.com or call 405-252-8197. When are royalty payments suspended? Royalty payments may be suspended until certain conditions are satisfied. Generally, royalty payments may be suspended for reasons such as a missing Tax ID, incorrect 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. Amounts due are accumulated and released when a resolution has been reached and all related documents have been received and processed. All payments are retroactive to the date of suspension. WHY AM I BEING CHARGED EXPENSES/COSTS EVEN THOUGH I AM NOT A WORKING INTEREST (WI) OWNER? As a royalty owner, depending on the language of your lease, there are occasions where you will share in some of these costs associated with selling a product. If you have any further questions regarding your lease and post production costs, please contact Division Orders at divisionorders@MachNR.com or calling 405-252-8197. Transfer Information How do I make a change to my ownership? To make a change in ownership, you will need to provide a deed, title, a court order or a death certificate (and perhaps others, depending on the state requirements). To complete the process, you may need to file more than one type of document, and all documents must be recorded in the county where the minerals are located. Be sure to...