Frequently Asked Quesitons
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Duck Energy is dedicated to acquiring and developing high-quality oil and gas assets in Oklahoma, focusing on proven infield acreage. By targeting mature assets with existing production and cash-flowing reserves, we ensure a stable foundation for generating returns. Our strategic emphasis on assets within a 60-mile radius of our operations leverages Scott Duck’s deep local knowledge and relationships, giving us a competitive advantage in securing favorable deals.
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Please contact our Owner Relations Department at the contact information provided below. We will require a Lost Check Affidavit, signed by you, the owner, to take the necessary action.
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Yes, we offer the option for our owners to receive their revenue or royalty payments via direct deposit (electronic funds transfer). Owners enrolled in our Direct Deposit Program receive check details in PDF format via a secure internet website, available 24/7. To enroll, please email your Direct Deposit request to info@duckenergyco.com, and instructions will be sent to you in a reply email.
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To protect your ownership interest, all address changes must be submitted in writing and include the owner’s signature(s) and your Owner Number(s)/Business Associate Number/Payee Number. It is important to keep your address current with Duck Energy. If your address is incorrect, your check will not be forwarded by the U.S. Postal Service and will be returned to Duck Energy, resulting in your account being suspended. The form must be notarized, and a W9 form is also required. Click here for an Address Change Form and W9.
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If your name has changed, please provide the change of name (from and to) with a copy of your marriage certificate, divorce decree (first page and signature pages), or any court document supporting the name change. If your address has also changed, please provide your new address using the address change form. Including your Owner Number(s)/Business Associate Number/Payee Number is necessary to complete this process. If the property has been divided by the divorce decree, the full decree is required and must be accompanied by a recorded conveyance document covering the property involved.
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Please provide verification of the Tax ID to be used with the Certificate of Name Change, Certificate of Merger, Dissolution of Partnership, or appropriate documentation required for changes in business name. This documentation must be recorded in the county where the property is located for us to change the owner name.
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Provide a copy of the conveyance document properly recorded in the county where your interest is located. Mail the documents to:
Company Email: info@duckenergyco.com
Phone Number: (405) 303-1046
Mailing Address: Duck Energy - 134 N. Broadway Street, Konawa, OK 74849
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You will need to notify us of the owner’s death and provide a death certificate. The interest may be suspended pending receipt of appropriate transfer documents. The requirements for ownership transfer due to death vary by state and are dependent on whether or not the decedent had a will and/or may require probate. Please contact us for further information.
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Provide an assignment or deed document of conveyance that has been recorded in the county and state where the interests reside. Be sure to provide an executed IRS W-9 form of the new payee(s) with your recorded documentation. Mail all documents and forms to:
Company Email: info@duckenergyco.com
Phone Number: (405) 303-1046
Mailing Address: Duck Energy - 134 N. Broadway Street, Konawa, OK 74849
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Provide a copy of the Trust Agreement or Memorandum of Trust in addition to a conveyance document from the current owner of record into the Trust. These documents must be recorded in the county and state where the interest resides. Mail the documents to:
Company Email: info@duckenergyco.com
Phone Number: (405) 303-1046
Mailing Address: Duck Energy - 134 N. Broadway Street, Konawa, OK 74849
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To transfer ownership due to a purchase or sale, provide a conveyance document such as a deed or assignment, recorded in the county where the properties are located. The recorded copy provided must contain a legible registry number and/or book/volume and page. All signatures must be signed in the presence of and acknowledged by a Notary Public. The legal descriptions must correctly describe the properties being conveyed. The effective date must be listed if different from the document date; all dates must be legible.
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You will need to provide a copy of the applicable portion of the Trust document that identifies the successor Trustee, the duties and power of the Trustee, and the circumstances leading to the replacement of the Trustee. Let us know if there is a change of address. Mail these documents to:
Company Email: info@duckenergyco.com
Phone Number: (405) 303-1046
Mailing Address: Duck Energy - 134 N. Broadway Street, Konawa, OK 74849
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IRS regulations require payors to withhold 24 percent of the gross proceeds from any payee who has not provided a Social Security Number or Employer Identification Number. To provide a Social Security Number or Employer Identification Number, Form W-9 may be downloaded here and mailed to:
Company Email: info@duckenergyco.com
Phone Number: (405) 303-1046
Mailing Address: Duck Energy - 134 N. Broadway Street, Konawa, OK 74849
When Backup Withholding or State Income Tax Withholding is made, the amount will be reported on the Form 1099 for the year, and the payee may claim credit for it when the appropriate income tax return is filed.
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This column includes but is not limited to costs associated with gathering, transporting, dehydrating, and processing oil and gas.
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Occasionally, adjustments must be made on revenues previously paid to you. When this occurs, the original payment is reversed, and the new amount is paid. These negative amounts must be subtracted when calculating your total. Adjustments may be necessary for various reasons, such as incorrect production figures, pricing errors, or changes in tax rates. We strive to account for volume and pricing accurately according to your Lease Agreement and
state statutes.
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Several factors contribute to the variance of your check total. Changing market conditions will cause the price to fluctuate. Mechanical problems, operational issues, routine maintenance, and even weather conditions may cause a well to have downtime. As properties age, production naturally declines. Prior period adjustments and Ad-valorem tax deductions may also affect your check total. If you feel there is an issue with your check, please contact Owner Relations.
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This should only occur when a reimbursement of severance tax or other deductions has occurred. In certain states, there is a tax allowance for wells with high drilling and production costs. When this reduction is allowable, we reimburse the owner for severance taxes that have been withheld.
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Payments may differ for several reasons, including Federal Backup Withholding, Non-Resident Tax Laws, rounding of decimal interests, or different minimum check thresholds. A family member could also have additional interests in other properties. Please note that for security purposes, we cannot discuss any other owner’s interest, even if they are a family member.
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Payment is made as soon as complete title information is received, but no later than the terms of the lease or state statutes allow.
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Duck Energy cannot provide an appraisal as the value is a matter of opinion.
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All states have laws requiring the reporting of unclaimed funds belonging to owners who cannot be located. You will need to contact the applicable state(s) to reclaim funds that have been escheated and belong to you. A helpful resource is the
National Association of Unclaimed Property Administration (NAUPA)
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1099 Forms are required by law to be mailed out by January 31st. If you have not received your Form 1099 within two weeks after that date, you may contact Owner Relations to receive a duplicate. The duplicate will be mailed only.
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The amount required by IRS to be reported on the 1099-Misc Form is the gross amount of your checks (before taxes or other deductions). Your 1099 gross amount should agree with the YTD (year to date) totals.
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If you have more than one owner number, you will receive a Form 1099 for each owner number account.
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Please ensure that we have your current address and tax identification number on file. If either needs to be updated, the necessary forms are available on our website.
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If you've misplaced your 1099 form, we can provide a duplicate by mail. Please contact our Owner Relations department via the contact information at the top of this page, and be sure to include your Owner Number(s), Business Associate Number, or Payee Number, and verify your mailing address.
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Duck Energy cannot provide tax advice. For assistance with your tax return, please consult your tax advisor.
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To correct any discrepancies, please submit the required documentation to our Owner Relations department using the contact information provided above.
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