Royalty checks are issued once a month, on the last day of the month. If you have not received your check by the 10th of the month please contact our owner relations department. Please note that checks are issued once an account has accrued $100. If your account does not accrue $100 in one month, […]
FAQ Category: Revenue
Does Extraction offer direct deposit?
Not at this time we do not, but should it become available in the future, we will notify all of our owners by mail. […]
Are income taxes automatically withheld from my royalty payments?
Income taxes are not automatically withheld from your royalty payments. By law, we are required to withhold Colorado severance tax, Colorado conservation tax, and property tax (also called ad valorem tax). The amounts withheld are identified on the detail that is mailed with your check. You will find a legend on the last page of […]
