Until you notify LME, we will continue to issue the royalty payments to the previous (or deceased) owner account. Additionally, LME may place this interest in suspense. The owner (or the executor of the estate) is responsible for notifying us in writing of any transfers of interest, and for providing the recorded instrument that documents the transfer. We are unable to monitor county or public records for changes and cannot retrieve documentation on an owner’s behalf. For additional information on having the documentation recorded in the county where the property is located, please contact that county’s clerk of courts.
Please contact us so that we may place the affected interests in suspense and advise you of the required documentation to transfer the interests. Placing the interest in suspense means that there is a hold on further revenue disbursements until we receive the proper documentation. Once LME verifies the transfer, we will release all held or “suspended” revenue. Scan the necessary documents and send via email to Info@laurelmountainenergy.com or fax to 412-833-4339. You can also mail your documents to:
LME address at the top of this FAQ’s sheet.
ATTN: Land Department