Frequently Asked Questions
Royalty checks are issued on the 15th of each month. Owners are offered two payment options – Paper checks which are sent via USPS mail on the 15th of each month or Direct Deposit Form which guarantees that the funds are deposited by the 17th of each month and a statement is sent via email on the 15th of each month.
Checks are mailed to the address you’ve most recently submitted to our office. Keeping us updated is of the utmost importance.
Please complete a . You have the option of printing and mailing the form to us or simply email it to us at email@example.com.
Per IRS Guidelines, the annual deadline for mailing is January 31st.
Per the IRS, lease bonus payments are considered advances on royalties.
These include expenses to make the products marketable.
The Coronavirus may impact future payments. To ensure you get your payments in a timely fashion, please sign up for Direct Deposit.
If you make a full or partial conveyance of a royalty or overriding royalty interest you will need to provide a copy of the conveyance document recorded in the county and state where the interest is located.
If the copy you provide is not recorded, Jay-Bee will place the interest payments in suspense until a recorded document is received.
Creating, changing, or terminating of Trust:
When a trust is created you will need to furnish Jay-Bee with a copy of the Trust Agreement and the recorded conveyance of interests into the Trust.
When a Trust is terminated you need to furnish the instrument of Dissolution with original signatures and interests related to the mineral interest and the recorded conveyance to beneficiaries or partners.
When a trust is changed due to death: you will need to furnish Jay-Bee with a copy of the Trust Agreement, death certificate, and document appointing successor Trustee(s).
When a trust is changed due to resignation: you will need to furnish Jay-Bee with a copy of the Trust Agreement, recorded document stating resignation of current Trustee, and appointing successor Trustee(s).
When a mineral owner is declared incompetent you will need to provide a Letter or Guardianship issued by the court to effect change in the mineral owner status.
When a minor comes of age you will need to provide a birth certificate to effect change in mineral owner status.
When an owner of a Life Estate passes, please furnish Jay-Bee with a copy of the death certificate in order for us to verify changes. If the Life Estate is dissolved, please send Jay-Bee documentation noting the names, addresses, and social security numbers of the people who inherited the mineral interests. If the interest is placed into a new Life Estate, all documents of the new Estate must be provided to Jay-Bee.
The Executor of the Estate must complete an Affidavit of Heirship Form and provide required documentation.
A copy of the Power of Attorney or agency agreement must be provided.
Please return filled out forms by mail or email: firstname.lastname@example.org
Jay-Bee Production Co.
16 South Avenue West, Ste. 118
Cranford, NJ 07016
Get in Touch
Please send us a message, and we'll get back to you as soon as possible.