Payments/Direct Deposit

Payments

When are royalty payments processed?

Payments are processed at the end of each month. Payments are mailed or directly deposited if your account has reached the minimum pay amount, which in most cases is $100. Once your revenue reaches the minimum pay amount, a payment will be disbursed at the end of that month. Accounts that do not reach the minimum pay amount are paid annually at the end of September.

What do I do if I haven’t received my royalty payment?

Please allow 30 business days for delivery by the US Postal Service before reporting a missing check. If your check has not arrived within 30 days, notify us, and the check will be voided 180 days after the check date. After the void, the funds will be reissued during the next month’s revenue process. A separate payment will not be issued, the reissued funds will be included with the next payment issued. PennEnergy encourages signing up for Direct Deposit to avoid such delays.

How to reissue a stale dated check?

Revenue checks are stale dated 180 days after issue. Mail the check to PennEnergy’s Land Administration Department, with a letter requesting a reissue.

Why does my payment amount vary?

Your payment will vary due to a number of factors including but not limited to, fluctuating commodity prices and production volumes.

How to withhold taxes from my royalty payments?

Complete our Tax Withholding Form and return to PennEnergy’s Land Administration Department via US Postal Service, email, or fax. For your protection, Tax Withholding requests are not accepted via telephone. If you have not provided a valid Social Security number or EIN we are required to withhold federal taxes.

Tax Withholding Form

For questions regarding Royalty Statements or taxes please contact:
Email: revenue@pennenergyresources.com
Phone: 412.857.2291

For questions regarding 1099’s please contact:
Email: kjmills@pennenergyresources.com

Direct Deposit

How do I sign up for or update Direct Deposit?

Complete our Direct Deposit Authorization Form, include the required documentation verifying your bank account information, and return the form to PennEnergy via US Postal Service, email, or fax. For your protection, Direct Deposit requests are not accepted via telephone or without the required documentation.

Direct Deposit Authorization Form

After submitting my Direct Deposit form, when will my funds begin to be directly deposited?

Please allow 30 days for PennEnergy to process your Direct Deposit request.

Why should I sign up for Direct Deposit?

Your funds will be securely and directly deposited into your bank account on time, with no risk of your checks being lost or stolen.

When will my funds be deposited?

Your funds will be deposited to the bank account indicated on your Direct Deposit Authorization Form during the last week of the month if your account has reached the minimum pay amount.

How will I receive my royalty statements?

Your royalty statements will be available to you via EnergyLink. If you are not a registered user with EnergyLink, your statements will be mailed to you via US Postal Service. If you are a registered user with EnergyLink and still want to receive your statement in the mail, please contact us.

Does my spouse have to sign the Direct Deposit Authorization Form?

Yes, both parties must sign the Direct Deposit Authorization Form, if your oil and gas interest is owned jointly.

Does my name have to be on the bank account?

Yes, you must direct your funds to a bank account in the same name as the checks issued to you by PennEnergy.

Can I direct my funds to a joint bank account?

Yes, if you are one of the bank account holders.

Can I direct my funds to multiple bank accounts?

No, PennEnergy will only directly deposit funds into one bank account per PennEnergy payee number.

What if my banking information changes?

Notify PennEnergy of such change by submitting a completed Direct Deposit Authorization Form and include the required documentation verifying your new bank account information.

Contact Us

** Note: We do not accept walk-ins at our corporate office without an appointment.
Please call or send an email using the information below:

Email: landadmin@pennenergyresources.com
Phone: 412.857.2291
Fax: 724.776.4068

Address any correspondence to:

PennEnergy Resources, LLC

Attn: Land Administration
3000 Westinghouse Drive
Suite 300
Cranberry Township, PA 16066