Frequently Asked Questions


HOW DO I CONTACT OWNER RELATIONS?

You may reach our Owner Relations team by email, phone, fax or mail. For all inquiries, please reference your owner number, account name, and last four SSN/TIN.

Email: ownerrelations@flywheelenergy.com
Phone: (833) 604.8136
Fax: (405) 402.3201
Mail: 621 N. Robinson, Suite 300, Oklahoma City, OK 73102.

ROYALTY CHECK QUESTIONS

WHEN ARE CHECKS ISSUED?

Flywheel generates and mails or deposits revenue checks by the last business day of each month.

WHY HAVEN'T I RECEIVED MY CHECK?

A number of factors can affect this - such as the amount owed to you being less than $100, delays by your postal delivery provider, your account being in suspense or additional information may be needed to release payment. Please wait 10 business days after the last day of each month before contacting Owner Relations.

HOW DO I ACCESS MY ACCOUNT ONLINE?

Please vist www.flywheelenergy.com and click on the "Owner Relations" tab in the upper right corner. Select "Oildex Web Portal" from the list and login as you normally would. If you have logged in before, the information will be the same. If you have not logged into this website in the past or are having difficulty with the login process, please call (855) 301-5241 to contact Oildex directly.

HOW CAN I SEE MY CHECK DETAILS?

Check details for each payment are available by logging into your Oildex account with your user name and password. You may elect to receive paper statements by mail through your user settings or by sending a request to ownerrelations@flywheelenergy.com.

HOW DO I ENROLL OR CHANGE MY DIRECT DEPOSIT?

You can elect to receive Direct Deposit by submitting an ACH enrollment form. Additionally, any change in account can be accomplished by submitting a form with the new information. This form is available on the Oildex web portal. You may also complete and email the form to ownerrelations@flywheelenergy.com or submit to our mailing address. Once all documentation has been submitted, please allow 30-60 days for the changes to be reflected.

WHY IS BACKUP WITHHOLDING DEDUCTED FROM MY REVENUE CHECK?

Until we have a valid Tax Identification Number or Social Security Number on file for you, the Internal Revenue Service requires that we withhold 24% of all revenues (30% for foreign residents) until the information is provided. Complete and submit a W-9 to ownerrelations@flywheelenergy.com or to our mailing address to avoid future withholdings.

WHY DOES MY PAYMENT AMOUNT CHANGE FROM MONTH TO MONTH?

A number of factors can influence your payments each month, including:
        • Fluctuations in prices received and volumes sold due to changing market conditions
        • Normal production declines as a well ages
        • Temporary mechanical or operating challenges affecting production

WHAT IS THE VALUE OF MY MINERAL INTEREST?

Flywheel Energy does not provide appraisals for leases. However, you may contact a royalty broker or local bank in the county where the leases are located.

HOW DO I CHANGE MY ADDRESS?

Please complete a Change of Address form by logging on to our owner portal through Oildex. The owner portal can be found at https://secure.oildexdx.com/flywheel/login.asp, once you log on to their website with your user name and password, you then navigate to the Change of Address area. You may also complete and email the form to ownerrelations@flywheelenergy.com or submit to our mailing address. Once all documentation has been submitted, please allow 30-60 days for the changes to be reflected.

Transfer information

NAME & OWNERSHIP CHANGES:

Please carefully review our general requirements for each type of change. Additional documenation may be required, including source deeds to satisfy record title ownership. Once all documentation has been submitted, please allow 30-60 days for the changes to be reflected.

HOW DO I CHANGE MY NAME?

  Individual Name Change
  Copy of the marriage certificate, divorce decree or other legal document affecting name change.

  Company or Corporation Name Chang
  Copy of the certificate of name change, including tax ID number.

  Company or Corporation Name Change Due to a Merger
  Copy of the certificate of merger, including tax ID number.

  Appointment of Attorney-in-Fact
  Copy of the Power of Attorney.

OWNERSHIP CHANGE DUE TO DIVORCE OR SALE:

Ownership Change Due to Divorce
Copy of the complete divorce decree, including settlement agreement and recorded conveyances, if applicable.

Sale or Purchase of an Interest
Copy of the conveyance document recorded in the county/parish in which the property is located.

TRUST OR PARTNERSHIP CHANGE:

Creation of Trust or Partnership>
Copy of the trust agreement (or Certificate of Trust) or partnership agreement and recorded document conveying the interest in a property to a trust or partnership.

Termination of Trust or Partnership
Copy of the dissolution of trust or partnership and recorded conveyances to beneficiary, if applicable.

Change in Trustee
    1. Copy of the trust instrument that identifies the successor trustee, its duties and powers, and
        the circumstances leading to the replacement.
    2. Successor trustee's address.

DEATH OF INTEREST OWNER:

Death of owner with a Will (testate) and probate proceedings will be conducted in the state where the property is located:
        1. Death certificate.
        2. Order admitting will to probate.
        3. Letters testamentary.
        4. Last will and testament.
        5. Final decree of distribution or judgment of possession.

Death of owner with a Will (testate), but probate proceedings are to be conducted outside of the state where the property is located:
        1. Death certificate.
        2. Last will and testament.
        3. Letters testamentary.
        4. Order admitting will to probate.
        5. Final decree of distribution or judgment of possession.
        6. Documentation of ancillary probate proceedings opened in all affected states or affidavit of heirship.

Death of owner with a Will (testate), but no probate proceedings will be filed
        1. Death certificate.
        2. Last will and testament.
        3. Properly executed and recorded Affidavit of Heirship signed or witnessed by a disinterested
            third party (not a family member).

Death of owner without a Will (intestate):
        1. Death certificate.
        2. Letters of administration.
        3. Properly executed and recorded Affidavit of Heirship signed or witnessed by a disinterested
            third party (not a family member).

Death of owner without a Will (intestate), but no probate proceedings will be filed.
        1. Death certificate.
        2. Properly executed and recorded Affidavit of Heirship signed or witnessed by a disinterested
            third party (not a family member).

Death of Joint Tenant or Tenants by Entirety.
        1. Copy of tenant's death certificate.

Death of Life Tenant
        1. Death certificate of deceased life tenant.
        2. Recorded instrument creating the life estate.
        2. Names, addresses and tax identification numbers of remaindermen.

BANKRUPTCY:

Chapter 11
Copy of the plan of reorganization.

Chapter 7
Copy of the recorded conveyance, if applicable, and an order naming trustee of bankruptcy estate.

MISCELLANEOUS

HOW DO I RECEIVE FUNDS THAT HAVE BEEN ESCHEATED TO THE STATE?

Each State has Unclaimed Property laws that require money, property and other assets to be considered abandoned after a period of inactivity usually ranging from 1 to 5 years. Once unclaimed funds reach the dormancy period, unclaimed funds are remitted the State. It is the rightful owner's responsibility to work directly with the State to receive escheated funds. To locate and collect unclaimed funds, please visit the National Association of Unclaimed Property Administrators (NAUPA) at www.unclaimed.org.

WHEN WILL I RECEIVE A 1099?

1099 MISC forms will be mailed to the current address on file at the end of January. If you are currently registered to view your Flywheel Energy payment detail online through Oildex, you have the capability to also view and print your 1099 MISC forms. Flywheel Energy is only responsible for 2019 and future reporting. Please contact the former Operator for historical information.