Artex Oil Company
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Artex Oil Company, Ohio
     
     
Why Choose Artex?







 
  Royalty and Accounting Information
   
   
  Frequently Asked Questions

   
  Land Services FAQs
  Accounting FAQs
  Direct Deposit/ Email Forms
  Address Change Form
  Understanding Your Check Detail
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  Accounting FAQs
 
Q: I am in a new well, when will I receive my first check?
Q: How do I change my address?
Q: What if I receive my check by direct deposit, but my address has changed?
Q: I have not received my payment, what should I do?
Q: How do I sign up for direct deposit in order to receive my revenue faster?
Q: How do I change my direct deposit information?
Q: What should I do if my check is direct deposited but I did not receive my check detail by email or have accidentally deleted it?
Q: What should I do if I did not receive one of the distribution reports?
Q: What should I do if I find a stale-dated check (more than 90 days old)?
Q: Why does my payment amount change?
Q: When should I expect my 1099?
Q: What should I do if I received my 1099 and the Tax ID or Social Security number is incorrect?
Q: Why was Backup Withholding deducted from my revenue check?
   
   
  Land Services FAQs
 
Q: When and why should I contact Land Services?
Q: What document(s) does Artex need to change my name?
Q: A relative passed away, how do I transfer the interest?
Q: What if my Domestic Gas Statement seems too high?
Q: I am thinking about selling my oil and gas interest. Who should I contact?
   
   
  ACCOUNTING DEPARTMENT

 

Q: I am in a new well, when will I receive my first check?
A.  If all information and necessary paperwork has been returned to Artex, you will receive your first check after we are first paid, which is approximately two to three months from its initial operations. If you have any concerns about Artex Oil having your pertinent information, please contact us at 740.373.3313.

Q: How do I change my address?
A.  Change of address requests must be made in writing with an authorized signature to:

Artex Oil Company
2337 State Route 821
Marietta, OH   45750

You may also fax your request to 740.373.2750. Please include your name, owner number, old address, new address, Tax ID/ Social Security number and a phone number. A form is also available on our website www.artexoil.com under Accounting/Royalty Information.

Q: What if I receive my check by direct deposit, but my address has changed?
A.  A change of address request still needs to be sent in writing with an authorized signature to:

Artex Oil Company
2337 State Route 821
Marietta, OH   45750

You may also fax your request to 740.373.2750. Please include your name, owner number, old address, new address, Tax ID/ Social Security number and a phone number. A form is also available on our website www.artexoil.com under Accounting/Royalty Information.

Q: I have not received my payment, what should I do?
A.  Checks are mailed or direct deposited around the 15th of each month. If your check is more than two weeks late, please contact the Accounting Department so we may research the issue. To avoid postal delays, you may select direct deposit of your payment. We only issue checks for less than ten dollars in December.

Q: How do I sign up for direct deposit in order to receive my revenue faster?
A.  You must have an email account to sign up for direct deposit. An email address is required so we can email your check detail. A form is available on our website at www.artexoil.com under Accounting/Royalty Information. You may also receive a form by mail, fax, or email by calling our Accounting Department at 740.373.3313. Your revenue will be deposited into your account around the 15th of the month and your check detail will be emailed to you. Please make sure the entire form is completed and has an authorized signature.

Q: How do I change my direct deposit information?
A.  A change form is available on our website at www.artexoil.com under Accounting/Royalty Information. You may also receive a form by mail, fax, or email by calling our Accounting Department at 740.373.3313. Please make sure the entire form is completed and has an authorized signature.

Q: What should I do if my check is direct deposited but I did not receive my check detail by email or have accidentally deleted it?
A.  Contact the Accounting Department at 740.373.3313 or by email at distribution@artexoil.us to request an additional email.

Q: What should I do if I did not receive one of the distribution reports?
A.  Contact the Accounting Department at 740.373.3313 or by email at distribution@artexoil.us to request an additional one to be mailed or emailed.

Q: What should I do if I find a stale-dated check (more than 90 days old)?
A.  Contact the Accounting Department at 740.373.3313 to determine the status of the check.

Q: Why does my payment amount change?
A.  There are many reasons why the amount of your checks may vary.

  • Market conditions cause fluctuations in oil and gas prices.
  • Operational problems or maintenance may cause production downtime.
  • Oil payments depend on when an oil shipment was made. Payments may be monthly, quarterly, or annually depending on the wells production. Some wells do not produce oil.
  • The volumes of gas and oil decline naturally over time. The gas and oil volumes from some wells fall slowly while others fall rapidly, only time will determine what a particular well will do.

If you have any questions, please contact our Accounting Department.

Q: When should I expect my 1099?
A.  Your 1099 information is printed at the bottom of your December “Supplemental Check Voucher”. This is the only 1099 information you will receive. This information will be mailed or emailed to you, depending on your account set-up, around the 15th of December.  Should you misplace your 1099 or need another copy please contact the Accounting Department.

Q: What should I do if I received my 1099 and the Tax ID or Social Security number is incorrect?
A.  Contact the Accounting Department IMMEDIATELY so we can re-issue a corrected 1099 as soon as possible.

Q: Why was Backup Withholding deducted from my revenue check?
A.  We are required by the Internal Revenue Service to withhold 28 percent of all revenue payable to those who have not provided Artex with a proper Tax ID or Social Security number. To provide this information to Artex Oil, please contact us at 740.373.3313.

 

   
   
  LAND SERVICES DEPARTMENT

 

Q: When and why should I contact Land Services?
A.  Land Services can provide assistance with new owner set-up and owner transfers. The following are reasons to contact Artex and ask for Land Services.

  • If you get married or divorced
  • If you transfer your ownership to someone else
  • If you put your interest in a trust
  • If there is a change in trustee

Each individual case is unique. Land Services will be able to provide you with the appropriate instructions to fit your situation. Please contact them at 740.373.3313.

Q: What document(s) does Artex need to change my name?
A.  Due to Marriage: provide a copy of the marriage license
      Due to Divorce: provide a copy of the divorce decree declaring your name
      Due to Court Proceedings: provide a copy of the court order

Q: A relative passed away, how do I transfer the interest?
A.  If the relative has a Will, provide the following:

    • Copy of the Will
    • Death Certificate
    • Letters Testamentary
    • Final Decree and/or Recorded Certificate or Transfer in the Matter of the Estate
    • List of legal names, current addresses, and social security numbers of the heirs

If the relative does not have a Will, provide the following:

  • Death Certificate
  • Final Decree and/or Recorded Certificate or Transfer in the Matter of the Estate
  • List of legal names, current addresses, and social security numbers of the heirs

Q: What if my Domestic Gas Statement seems too high?
A.  If the amount of gas used on your monthly Domestic Gas Statement seems unusually high, you should suspect a possible leak in your line or equipment. Signs of a possible leak can include whistling sounds, gas smells, bubbling in the ground or water, or brown grass.

You should immediately have a licensed professional (usually plumbers) inspect your lines and equipment. Have them repair or replace the leaking lines or equipment. Please note that even new gas lines can have leaks – groundhogs seem to think plastic gas lines are delicious.

Remember, maintenance and repair of your delivery system is your responsibility. For your safety and to avoid possibly paying for gas that has escaped into the air, have your lines and equipment inspected annually by a licensed professional.

Q: I am thinking about selling my oil and gas interest. Who should I contact?
A.  If you have an interest in selling your oil and gas interest that is operated by Artex, please contact Land Services at 740.373.3313.

   
   
  Direct Deposit/ Email Forms

  Email Change Form
  Email Request Form
   
   
  Address Change Form

  Address Change Form