OWNER RELATIONS

Revenue Disbursement / Joint Interest Billing (JIB)

Laura Speir
Email: LSpeir@palmerpetro.com

Please be able to provide your owner account name, number and / or social security or tax ID number.

Checks are mailed by the 25th day of each month. Please allow 15 business days for delivery of your check. Minimal revenue amounts are accrued during the year. Once the total reaches $100 a check will be issued; otherwise, a check for the total amount will be issued in December. Revenue is typically dispersed two months following the month of production.
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 U.S. withholding amounts deducted from your revenue checks.
Please allow 15 business days for the delivery of your check. Checks will be issued by the 25th day of each month. If your check is stolen, please contact Laura Speir immediately at LSpeir@palmerpetro.com. Any check dated more than six months prior to the date of receipt should be marked “VOID” and returned to Palmer Petroleum. A check will be reissued on the next revenue run cycle.
Funds are reported to various states based on the state of the owner’s last known address record. If the address is unknown, the funds are reported to Louisiana, the state in which Palmer Petroleum is domiciled. For research assistance please contact George Whittington at (318) 222-0517 x246 or gwhittington@palmerpetro.com.
Prices for each commodity vary with the changing markets. In addition, seasonal conditions, well downtime and production volumes and declines affect the paid quantity.
Yes. Please fill out the form W-9 and submit either via email to cgoodman@palmerpetro.com or via U.S. mail to the following address:

Palmer Petroleum
Attn: Charlotte Goodman
6425 Youree Drive, Suite 210
Shreveport, LA  71105

Yes. Please fill out the form Direct Deposit and attach a voided check. Mail or fax your completed form to the following address:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

Ownership and Account Changes

Please fill out the change of address form and submit either via email to cgoodman@palmerpetro.com or via U.S. mail to the following address:

Palmer Petroleum
Attn: Charlotte Goodman
6425 Youree Drive, Suite 210
Shreveport, LA  71105

Please mail the appropriate documentation as described below along with a letter of instruction to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

An individual’s name changes as a result of marriage, divorce, etc.:  Please provide a copy of the Marriage Certificate, Divorce Decree reinstating a maiden name, or other official document, such as a driver’s license, as evidence of the change.

A company or corporation changes its name:  Please provide a copy of the Certificate of Name Change and the new tax ID number.

A company or corporation’s name changes due to a merger: Please provide a copy of the Certificate of Merger and the new tax ID number.

Appointment of Attorney-In-Fact:  Please provide a copy of the Power of Attorney.

Payments are issued according to the titled owner of record. Payments will not be transferred to a different owner without a recorded document of conveyance. When a mineral interest, royalty interest, working interest or overriding royalty interest is sold or purchased, it is the responsibility of the purchaser to furnish a complete copy of the conveyance document recorded in the county and state where the producing property is located. Please include the name, address, Social Security number or Federal Tax ID number of the new owner(s).
Please mail the following documentation to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

  1. A certified copy of the decedent’s death certificate.
  2. A copy of the Probated/Recorded Last Will and Testament made of record in the county and state where the producing property is located.
  3. Letters of administration.
  4. The names and addresses of the heirs.
  5. Copies of any appropriate recorded conveyances.

The laws of descent and distribution differ by individual state. Additional information may be required.

Please mail the following documentation to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

  1. A certified copy of the decedent’s death certificate.
  2. Affidavit of Heirship/Descent completed by a third party who does not have a monetary interest in the transaction, and recorded in the county and state where the producing property is located.
  3. Letters of administration.
  4. The names and addresses of the heirs.

The laws of descent and distribution differ by individual state. Additional information may be required.

Please mail the following documentation to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

  1. A certified copy of the decedent’s death certificate.
  2. The names, addresses and Social Security numbers of the individuals who own the remainder and who succeed to the interest.

The laws of descent and distribution differ by individual state. Additional information may be required.

Please mail the following documentation to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

  1. Letters of Guardianship issued by the court if an owner is a minor or is declared incompetent.
  2. A copy of the minor’s birth certificate once he or she reaches legal age.
Please mail the following documentation to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

  1. A certified copy of the decedent’s death certificate.
  2. A copy of the Deed showing the Joint Tenancy.
  3. The name and address of the successor in interest.

The laws of descent and distribution differ by individual state. Additional information may be required.

Please mail a complete copy of the Divorce Decree including the property settlement and copies of recorded conveyances to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

In order to establish the extent of power given to the Attorney-In-Fact by the owner, please mail a copy of the Power of Attorney document to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

Yes. Please fill out the form W-9 and submit either via email to cgoodman@palmerpetro.com or via U.S. mail to the following address:

Palmer Petroleum
Attn: Charlotte Goodman
6425 Youree Drive, Suite 210
Shreveport, LA  71105

Please mail the appropriate documentation as described below to:

Palmer Petroleum
Attn: Chrissy Candler
6425 Youree Drive, Suite 210
Shreveport, LA  71105

When a Trust or Partnership is created please provide a copy of the Trust Agreement and the recorded conveyance to the trust.

When a Trust or Partnership is dissolved please provide a copy of the Instrument of Dissolution and recorded conveyances.

When there is a change in Trustee a copy of the instrument whereby the successor Trustee was appointed will be required.

Leasing Information

Inquiries regarding leasing your land should be emailed to lspeir@palmerpetro.com and should include state, section, township and range, or a description of the general area where your land is located. Please provide contact information so that we can reach you. Inquiries may also be mailed to:

Palmer Petroleum
Attn: Laura Speir
6425 Youree Drive, Suite 210
Shreveport, LA  71105