Information for Royalty Owners
Maverick values its relationship with the company’s royalty owners and is available to answer questions you may have.
For your ready reference, this page includes a list of frequently asked questions and contact information for Owner Relations. You will also find the electronic and downloadable forms you need to manage your owner account.
Maverick’s goal for this section of its website is to make it easy for you to quickly put hands on resources related to your ownership. If you require further support, please contact the helpful Owner Relations team.
Royalty Owner FAQs
For mailing address changes, use the electronic form provided below. An address change request is needed even if you receive payments by direct deposit. Your correct address on file will allow you to receive your 1099 each year and other correspondence mailed by Maverick.
For ownership changes, please visit the Change of Ownership section.
Revenue checks are mailed on the final business day of each month, provided your account has reached Minimum Pay Status with a balance of at least $100. If your check is more than two weeks late, contact Owner Relations. You may be required to submit a written authorization to stop payment and re-issue the check.
The most common reason for not receiving a revenue check is because your account has not reached Minimum Pay Status. Maverick remits revenue only once a royalty owner’s account balance exceeds $100. Occasionally, payments are held because of uncertainty as to ownership and released when that uncertainty has been resolved.
It is important that you cash your revenue check in a timely fashion, regardless of the amount. If you find a stale-dated check, please contact Owner Relations to have the check re-issued.
Form 1099s are issued on or before January 31 each year. If you do not receive your 1099 by February 16, or if the information contained on your 1099 is incorrect, please contact Owner Relations.
Change of Ownership
Informing Maverick of all changes related to ownership of your royalty interests will help the company serve you better. While each situation is unique, life events such as getting married or divorced and transfers related to deaths almost certainly trigger a change that affects ownership, and Maverick should be notified. Please see below for a list of common situations resulting in necessary changes and the documentation Maverick requires to keep your ownership account current.
Common Changes and Documentation Required
Individual Name Change
Marriage certificate, divorce decree reinstating surname at birth or other legal document of name change
Divorce decree with settlement agreement and any recorded conveyance
Appointment of Attorney-in-Fact
Power of attorney
Sale of Interest
Conveyance document filed of record in the county where the property is located
Creation or Dissolution of Trust or Partnership
Instrument appointing successor trustee
Entity Name Change
Death of Owner – No will
Death certificate, letters of administration and recorded final decree of distribution
Death of Owner – Will probated in state where property is located
Death certificate, letters testamentary and recorded final decree of distribution
Death of Owner – Will probated out of state where property is located
Death certificate, letters testamentary, recorded final decree of distribution and documentation of ancillary probate proceedings opened in all affected states
Bankruptcy – Chapter 7
Recorded conveyance, if applicable, and order naming trustee of bankruptcy estate
Bankruptcy – Chapter 11
Plan of reorganization and order confirming the plan of reorganization
All such change requests must be submitted in writing. For your convenience, change requests may be submitted by online form. You may also send change requests by mail or email to:
Maverick Natural Resources
Attn: Owner Relations
1111 Bagby Street, Suite 1600
Houston, Texas 77002
To be effective, an ownership change request must be accompanied by the required documentation.
Contact Owner Relations
Maverick has established electronic forms to facilitate direct communication with Owner Relations through its website. Please utilize these forms to make change requests, to upload documents and to ask questions pertaining to your account. Owner Relations also is reachable by mail and email. Should you choose to connect that way, please identify your Owner/Payee Name or Tax ID Number in your message.
Kindly understand that Maverick cannot and, therefore, does not provide legal advice to its royalty interest owners.