Owner Relations - At Citrus, we are committed to providing quality service to our interest owners.
This Owner Relations page provides useful information and frequently asked questions regarding your interest with our company. We hope you find this page beneficial and look forward to working with you in the future. Please contact us if you have any further questions.
Common situations may result in either a change of ownership, legal event affecting the property, or a change to owner status. Please see the following document for information regarding these situations and the documents(s) required to effect the change.
Click here to view the Adobe Acrobat Ownership Change Guide
Frequently Asked Questions
How often will I receive my revenue Check?
Typically, there is a 45 to 60 day delay between production sales and revenue check mailings, due to the pipeline and gas purchaser process
The company may accrue proceeds until the total amount equals $100.00 or pay proceeds less than $100.00 annually, whichever occurs first, unless otherwise required by applicable state statutes
Citrus Energy processes revenue at the end of every month
Who do I contact regarding my revenue check?
If you have questions regarding the amount of your revenue check or the detail provided please contact Paige Schnakenberg at our Corporate Office.
What is a division order?
A division order is simply a schedule of owners and their calculated decimal ownership share in revenues of a well’s production derived from the sale of oil or gas under an existing oil and gas lease.
Will I receive a division order?
Citrus sends a division order to all owners with an interest in a producing property. Typically, there is a 45-60 day delay between production sales and the mailing of division orders.
How is my interest calculated?
Below is a Unit Royalty Decimal calculation which is - your oil and gas lease royalty decimal - multiplied times an amount equal to your net acreage in the unit - divided by the total unit acreage. All of the numbers needed in the calculation can be found in your Oil and Gas lease signed with Citrus Energy.
Lease Royalty X (Net Acres / Total Unit Acres) = Unit Royalty Decimal
If you have any questions regarding your Oil & Gas Lease or the calculation of your interest please contact Paige Rankin at 303-688-3130.