Pursuant to the recent ACH transition to Wells Fargo, Sabine Oil & Gas has revised their company policy regarding the frequency of how payments are remitted. Effective November 17th, 2017, owners who have enrolled in Wells Fargo ACH will now be placed in “Always Pay” status (royalties will be remitted each month regardless of the dollar amount). Again, ONLY owners who have enrolled to receive ACH payments via Wells Fargo will be eligible for “Always Pay” status. Consequently, owners who do not sign up for Wells Fargo ACH will receive a check payment either once $50 has accrued in their account or once a year as part of the minimum suspense release. If you are already a Wells Fargo ACH user, there is no further action needed as you will be receiving payments every month effective November 17, 2017 assuming there is production.
To enroll in the Wells Fargo ACH service, please review the instructions and log on to the website (both provided below) to create an account with the Wells Fargo Commercial Electronic Office (CEO) portal. Be prepared to provide the following information:
Website Address: Click here
Instructions for ACH setup: Click Here
Originators Identifier Number: Please refer to your most recent check detail
Trading Partner ID: This is your Owner number with Sabine Oil & Gas (can be found on your most recent check detail) **please note, if you have multiple owner numbers, you will need to create an ACH account for each number – or – send in a written request to combine your owner numbers to one account**
Confirmation Code: Please refer to your most recent check detail
If you have any questions or issues regarding your ACH setup, you may contact Wells Fargo at 1-800-851-8311 or contact our Owner Relations at 832-242-9575.
Please note at the end of the enrollment process you will receive an error message stating your “Trading partner is inactive…”, this error message is due to a manual verification process between Wells Fargo and Sabine Oil & Gas. Therefore, when you reach this page, you have completed the enrollment process and should grant 48 hours for the manual verification to commence.
Monday – Friday
8am – 5pm CDT
Post 1415 Louisiana, Suite 1600, Attn: Division Orders, Houston, Texas 77002
Online Access to Owner Payment Information:
Sabine Oil & Gas provides secure, online access to payment information via EnergyLink. Please login below or if you’re a new User, click ‘Need a User ID’.
Change of Address or Contact information:
Complete the change of address form and return with signature and SSN attention: Division Order Department.
Setup Direct Deposit\ACH:
Sabine Oil & Gas has contracted with Wells Fargo for direct deposit. Please see the attached form for detailed instructions.
Name change due to marriage, divorce:
Recorded Marriage Certificate, Divorce Decree specifying name change or other documents affecting name change. Please send the required documents attention: Division Order Department.
Merger or change to corporation or company name:
Certificate of Name Change, Certificate of Merger and Executed W9
Appointment of Attorney-In-Fact:
Please send a recorded copy of the Power of Attorney attention: Division Order Department.
Transfer of Interest (Sale of Interest):
Conveyance document recorded in county/parish in which property is located.
Trusts and Partnerships:
Conveyance of interest into or out of trust/partnership recorded in county/parish in which property is located, copy of trust/partnership agreement, instruments pertaining to successor trustee, and executed W9.
Sabine Oil & Gas issues royalty checks when royalty totals $50 or more, or once a year in September.
Q: When will I receive my 1099?
Q: I received very few royalty payments. Will I receive a 1099?
Q: It is the end of February and I did not receive my 1099. How do I get a new one?
Q: My address has changed, and I did not receive my 1099. How do I get a new one?
Q: What are the numbers on my 1099?
Q: The amount in Box 2 does not equal what I deposited. Why?
Q: The Net does not equal my deposits. How do I get the detail?
Q: I received my December royalty check in January. Why is it on my 1099?
Q: I had several old royalty checks dated prior to 2016 reissued in 2016. I’ve already reported the amounts in the year the original payment was issued. How do I ensure the amount is not being double-reported?
Q: I want to lower my tax bill. Can you withhold Federal Taxes from my checks?
Q: What are the Other Deductions and where do I put them on my tax form?