If you are an interest owner and need to contact R&F Industries, Inc. regarding your interest, please email: ownerrelations@randfindustries.com
Checks are mailed on the 25th of each month, unless it falls on a weekend or holiday and then they are mailed the following Monday.
Please send all information to ownerrelations@randfindustries.com
1099s are mailed by the end of January each year via mail.
FOR 1ST TIME PAYEES:
The distribution represents several months of production sales and going forward you will be receiving a payment for a single month production sales on your check.
THEREAFTER:
Our accounting system will generate a monthly check for each owner as long as the amount is greater than $25.00. If the monthly amount is less than $25.00, it will be held in minimum suspense until the account total equals $25.00 or more and then released that month. In November of each year, R&F will release all minimum suspense funds that are less than $25.00 but greater than $5.00 and a check will be issued. R&F will issue 1099’s in the month of January following the end of the prior year for your tax planning purposes
Below is an explanation of the various items that you will see on the Revenue Statement that accompanies your check.
| Well Name: | The well name will always be the first entry before any production detail |
|---|---|
| Prod Code: | OIL – Oil Sales measured in barrels GAS –Gas product measured in MCF NGL – Natural Gas Liquids measured in gallons |
| Prod. Month: | The month the production was produced. |
| Unit Price: | The price per unit received from purchaser ($/BBLS, $/MCF, $/BBL) |
| Decimal Int: | Your decimal share of the total well – this should match your Division Order |
| Type of Int: | R – Royalty Interest O – Overriding Royalty Interest |
| 8/8’s Volume: | The total of the volumes sold in the production month for each product |
| Owner Vol: | Your decimal interest share of the total volumes sold for each product |
| 8/8’s Volume: | Total value received for the total production sold in the production month |
| Owner Vol: | Your decimal interest share of the total value for the volumes sold |
| Net Val: | Your decimal interest share of the total value for the volumes sold |
| BALANCED OWED YOU: | The net value less any net Sev Tax or other deduction is your net payment |
Any questions regarding the decimal interest shown on the statement or changes to the address or name, should be addressed ownerrelations@randfindustries.com