Macphersonenergy | Partners & Royalty Owners FAQ
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Partners & Royalty Owners FAQ

Partners FAQ

Q. My address has recently changed. What forms do I need to fill out to change my address in the partnership records?

A. In order to make a change of address, we require a physical written notice. This notice must be submitted via U.S. mail or other carrier by the interest owner or the authorized agent. Please use the Change of Address form. Once filled out please mail the form to:

 

Macpherson Energy Corporation
Attn: Land
100 Wilshire Blvd. Suite 800
Santa Monica, CA 90401

Q. I recently changed my name. What forms do I need to fill out to change my name in the partnership records?

A. In order to change your name, please provide us with copies of the documents reflecting your name change, including any marriage or divorce document and your state-issued drivers’ license or identification card. Please complete the Name Change Form here and send it along with the supporting documents to:

 

Macpherson Energy Corporation
Attn: Land
100 Wilshire Blvd. Suite 800
Santa Monica, CA 90401

Q. How can I arrange for direct deposit of my partnership distribution?

A. Please complete the ACH form and send it along with a voided check to:

 

Macpherson Energy Corporation
ATTN: Accounting
100 Wilshire Blvd. Suite 800
Santa Monica, CA 90401

Q. What documents do you need to transfer ownership of partnership interests?

A. Each of our partnerships have strict rules related to the transfer of partnership interests. Failure to follow the procedures will result in the loss of partnership privileges, including but not limited to the loss of voting rights and the loss of the right to receive partnership information. Prior to making any transfer we urge you to refer to your partnership agreement to insure that you remain in compliance with the agreement.

 

In the event of a transfer of partnership interest we request that you use the Partnership Transfer form, which must be signed by both the current owner of the interest and the new owner of the interest. Have both signatures acknowledged by a Notary Public. Mail the document along with a completed IRS form W9 to:

 

Macpherson Energy Company
Attention: Land
100 Wilshire, Suite 800
Santa Monica, CA 90401

 

Please remember that partnership distributions are calculated on a calendar quarterly basis and are paid within 30 days of the close of the quarter. For that reason we request that any transfer be made effective with the end of a calendar quarter (March 31, June 30, September 30 and December 31).

 

Because the transfer of a partnership interest is not considered a transfer of real property the document will not be recorded with the County Recorder but will remain with the Partnership records. If you have any questions about the requirements related to the transfer of partnership interests please contact Cliff Clement at cclement@macphersonenergy.com.

Q. When will I get my 592-B?

A. These will be mailed out by January 31st of each year.

Q. Who do I contact regarding my K-1?

A. Please contact Clint Baird, CPA at Brown Armstrong at 661-324-4971 or CBAIRD@BACPAS.COM.

Q. Who do I contact regarding discrepancies or reprints of my 592-B?

A. Please contact Brittannya Peterson at 310-452-3880 or bpeterson@macphersonenergy.com.

Q. Who do I contact regarding my partnership distributions?

A. Please contact Emelie Macpherson Smith at 310-452-3880 or emacpherson@macphersonenergy.com.

Royalty Owners FAQ

Q. My address has recently changed. What forms do I need to fill out to change my address in the Macpherson Energy records?

A. In order to make a change of address, we require a physical written notice. This notice must be submitted via U.S. mail or other carrier by the interest owner or the authorized agent. Please use the Change of Address form. Once filled out please mail the form to:

 

Macpherson Energy Corporation
Attn: Land
100 Wilshire Blvd. Suite 800
Santa Monica, CA 90401

Q. I recently changed my name. What forms do I need to fill out to change my name in the Macpherson Energy records?

A. In order to change your name, please provide us with copies of the documents reflecting your name change, including any marriage or divorce document and your state-issued drivers’ license or identification card. Please complete the Name Change Form here and send it along with the supporting documents to:

 

Macpherson Energy Corporation
Attn: Land
100 Wilshire Blvd. Suite 800
Santa Monica, CA 90401

Q. How can I arrange for direct deposit of my payments?

A. Please complete the ACH form and send it along with a voided check to:

 

Macpherson Energy Corporation
ATTN: Accounting
100 Wilshire Blvd. Suite 800
Santa Monica, CA 90401

Q. What documents does MEC need to change ownership for royalty interests?

A. For a transfer of royalty interests, which the State of California regards as real property interests, MEC requires a document transferring title to be recorded in Kern County, California detailing the party(ies) to receive the interest and the respective interest(s) to be transferred to such party(ies). You should consult an attorney to ensure you properly transfer the interest in accordance with real property law.

Q. How do I reclaim money that has turned over to the State in my name?

A. The State of California website at http://www.sco.ca.gov/upd_msg.html provides the necessary instructions for you to recover any such interests.

Q. Why didn’t I get paid this month for my royalty interests?

A. There are many reasons why you might not receive a check, among a few are:

 

  • The balance on your account may be a negative due to payment of property taxes or production not covering the expenses of such production.
  • Interruption of production due to unforeseen circumstances.
  • You may have moved and not provided us with your current address.
  • There remain outstanding uncashed checks issued to you in previous months.
  • The balance of your account is below $100. (If your account is below $100, a check will be issued on or before December 31 of each year.) If you have any questions or concerns about your payment please feel free to contact us at (310) 452-3880.
Q. Why is California state tax deducted from my royalty payments?

A. We are required to withhold a 7% California state tax if payments are sent to an out-of-state owner. In addition, if Macpherson receives a garnishment request from the state or from the federal government, we are required to make a deduction.

Q. When will I get my 1099?

A. These will be mailed out by January 31st of each year.

Q. Who do I contact regarding discrepancies or reprints of my 1099?

A. Please contact Brittannya Peterson at 310-452-3880 or bpeterson@macphersonenergy.com.