Direct Deposit
Reserve offers a direct deposit payment option for its royalty owners. It is safe and secure and offers many advantages, including:
- No cost to you
- No postal delays of your check
- No unnecessary trips to the bank
- No lost, damaged, or stolen checks
- If traveling, your revenues are still deposited in your bank account
- Royalty details and deposit confirmation will be emailed to you
We can only deposit to your account. We cannot withdraw from your account or view your accounts private information. Reserve also has a policy to protect your personal information in a secure and confidential manner. This information will only be used by Reserve.
To sign up, please complete the available Direct Deposit Form, make sure all applicable parties sign and return by fax to (304) 927-5068 or mail to:
Reserve Oil & Gas, Inc.
Attn: Amy Raines
929 Charleston Road
Spencer, WV 25276
Change of Address
An address change request is still needed even if you receive your payments through Reserve’s direct deposit. Your correct address on file will allow you to receive your 1099 each year or any other correspondence that is mailed by Reserve Oil and Gas. If you need to notify us of an address change, please complete the Change of Address Form and return by fax to (304) 927-5068 or mail to:
Reserve Oil & Gas, Inc.
Attn: Amy Raines
929 Charleston Road
Spencer, WV 25276
Other Change Notifications
Please notify Reserve in writing if you have changes to any of the following:
- Tax ID Number/Social Security number changes
- Name changes
- Transfers of Ownership Documentation Requirements
Notifications relating to any of the above should be mailed to:
Reserve Oil & Gas, Inc.
Attn: Amy Raines
929 Charleston Road
Spencer, WV 25276
Tax Information
Miscellaneous Income Form 1099 will be mailed by January 31st of each year. You will only receive a 1099 if your total royalties for the tax year were $10.00 or more or if you received $600.00 or more in Delay Rental payments. When you receive your form, please take a moment to verify that the number in the “Recipient’s Identification Number” box and name is correct for that Identification Number. If you find an error, please notify us immediately.
Check Detail
Reserve provides a sample check stub for you to understand your payment statement.
