Interest Owners

Our relationship with our interest and surface owners is something we value highly. For more than 75 years have strived to treat your interest as we do our own and to communicate in an open and ethical manner. Continuing with that mindset we have designed this website to better address your needs. We have compiled the following list of Frequently Asked Questions as a way to communicate more efficiently. Don’t hesitate to call us directly if you don’t find the answer for which you are searching below:

 
Frequently Asked Questions

What does the detail on my check mean?

  • Owner No: Our tracking number for accounting and payment purposes.
  • Owner Name: Name of interest owner.
  • Check Date: Actual date that check is issued.
  • Check Number: Check number.
  • Location: Our tracking number and well name from which oil and/or gas is purchased.
  • DOI: Our Division of Interest used for payment purposes.
  • County: Where well is located.
  • State: Where well is located.
  • Sales Date: Month and year oil and/or gas was purchased.
  • Prod Type: GAS, NGL, OIL
  • Int Type: W: Working Interest R: Royalty Interest O: Overriding Royalty Interest
  • Price: Calculated price on current month's sales.
  • 100% Sales Quantity: Total volume of the product purchased on the lease.
  • 100% Sales Gross: Total value of sale on that property.
  • 100% Sales Taxes: Severance and other production taxes paid to the State where the lease is located.
  • Owner Interest Decimal: Identified ownership interest in lease. Used to calculate owner's share of property sales and taxes.
  • Owner Interest Gross: Owner's share of property gross value prior to any deductions (property gross value multiplied by owner's decimal interest).
  • Owner Interest Taxes: Owner's share of severance and production taxes (property gross severance and production taxes multiplied by owner's decimal interest).
  • Owner Interest Deducts: Deductions other than state taxes.
  • Owner Interest Net: Owner's share of sales after all deductions and adjustments.
  • 100% Deductions: Total property deductions.
  • 100% Net: Total property net value, total value minus all taxes.

Joint Interest Billing (JIB) copies and data downloads are available online at Energylink (https://www.energylink.com/Public/Signup.aspx). Select as Operator: The Quintin Little Co. Inc. You will need any recent bill from which you should locate your Owner number, Statement number and Current Charges amount. The Statement number is made up of the Month Ending date and your owner number. For example, the JIB with Month Ending 05/31/2016 for Owner number 777777 would be input as Statement Number 201605777777.

Revenue payments are mailed by the 12th of each month, and the 11th if the 12th falls on a Saturday, and on the 13th if the 12th falls on a Sunday. Revenue checks are mailed at least once per year and any time an Owner’s monthly revenue amount is greater than Twenty-Five Dollars ($25.00). For questions regarding revenue checks, please call (580) 226-9063 between the hours of 8:15 AM and 5:00 PM Monday through Thursday.

For change of ownership due to death, please furnish copies of all documents associated with the transfer including death certificate, wills, probate, final decrees or any other applicable documents. For transfer of ownership interest, please send a copy of the assignment and/or deed which has been recorded in the county where the property is located.

Please send a copy of the assignment and/or deed which has been recorded in the county where the property is located.

Change of address must be requested in writing. Please mail or fax notification including owner name, old and new address, date and owners signature.

Due to the many variables involved in determining the estimated value of a property, we do not provide such valuations.

Yes. Please call (580) 226-9063 to request a form to set up Direct Deposit.

Yes. Please contact Charles Sale at (580) 226-9458 or by email at opportunities@qlcos.com.