FAQ & Resources
Have questions about the oil and gas industry? We've got you covered. Here are answers to some of the most frequently asked questions about the process:
General
Questions about Rio Petroleum and day-to-day operations, values and other general information.
Please contact the Owner Relations department at (806) 356-8033 ext 235 to request a Change of Address form.
Please contact our Division Order department at (806)356-8033 ext 200.
Yes. Please contact the Owner Relations department at (806) 356-8033 ext 235 to request a Direct Deposit form.
Please call our Owner Relations department at (806) 356-8033 ext 235, or email us at ownerrelations@riopetro.com. For verification, please include your name, daytime phone number including area code, owner number, and your question.
Royalty owners who received $10 or more and working interest owners who received $600 or more in the calendar year will receive a 1099 by January 31st of the following year. The income reported to the IRS is your gross income prior to any other deductions or taxes. The 1099 will also list any state or US withholding amounts deducted from your revenue checks.
If your check is stolen, contact the Owner Relations department at (806) 356-8033 ext 235. Any check greater than six months old should be marked "VOID" and sent back to Rio Petroleum. We will reissue the check on our next revenue check run once the check is received.
Payments of less than $100 will be accrued until the total amount equals $100 or more. If $100 is not met, accrued funds are released annually on December 31st.
Your revenue check is printed on the last business day of the month. Please allow 10 business days for processing and delivery.
We do not provide any type of valuation or opinion of your interest.
You can access well data and production information through the following resources:
State Regulatory Agencies: The governing state’s regulatory agency website, listed below, also provides access to well data and production information.
Texas Railroad Commission: www.rrc.state.tx.us
Section 91.504, Texas Natural Resources Code, gives an owner of a royalty interest in oil or gas produced in Texas the right to request from a payor information about itemized deductions, the heating value of the gas and the Railroad Commission of Texas identification number for the lease, property or well that may not have been provided to the royalty interest owner. The request must be in writing and must be made by certified mail. A payor must respond to a request regarding itemized deductions, the heating value of the gas or the Railroad Commission of Texas identification number by certified mail not later than the 60th day after the date the request is received. Additional information regarding production and related information may be obtained by contacting the Railroad Commission of Texas’ office of Public Assistance or accessing the commission’s website.
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