Owner FAQ

How do I make changes to my account?

Please visit the "Change of Ownership" section of our website. There you will find information on how to make changes to your account, including change of address, death of payee, and sale of interest.

What is the purpose of my Owner Number?

You have been assigned an exclusive owner number to distinguish you from Laredo's other interest owners.  Please include your owner number when communicating with Laredo.

When should I receive my revenue check?

Checks are mailed monthly provided your account has reached the minimum pay status.

Why have I not received my revenue check?

The most common reason is because your account has not reached the minimum pay status.  Laredo remits revenue once your balance exceeds $100.  Should you prefer to receive revenue of $25 or more, please request in writing.

Occasionally, payments are held due to uncertainty as to ownership, such as notice of death, assignment of interest, unknown address or legal dispute.  Payments due are released when the matter affecting ownership has been resolved.

Can I setup direct deposit for my revenue check?

Yes.  Please complete the ACH Enrollment Form and return to the address shown on the form.

When will IRS Form 1099-Misc. be issued?

1009's are issued on or before January 31 of the following taxable year.  When January 31 falls on a weekend, they may be issued the next ensuing Monday.