What Can Affect Your Payment?
Market Conditions and Operational Issues
Payments will vary from month to month due to fluctuations in price, as well as varying production from individual wells. Payments also may be impacted by routine maintenance or operating issues which may affect the volumes produced from a well during a given time period.
Quantity or price revisions may necessitate adjustments to your payment. If you were either overpaid or underpaid, adjustments are necessary to correct the previous payment. It is a good idea to keep your check detail for future reference, in the event adjustments occur.
Overpayments (Negative Balance)
In the event an owner is overpaid, adjustments are processed to recoup the overpayment. If the recoupment amount is larger than the owner’s current month payment, the owner is said to have a “negative balance.” When the amount due the owner reaches the required minimum balance amount ($100.00), the owner will begin receiving checks again.
On occasion, payments are held in suspense because of the transfer of a property interest from one owner to another, a death notice, a lack of address, or other legal or operational issues. Amounts due are accumulated and are released when the matter in question has been resolved and Pacer Energy Marketing has received and processed all related documents. All payments are retroactive to the date of the suspension.
Effective December 1, 2013 loads will be effected the by the following charges:
Split loads – $55 per load
Rejected loads – $100 per load
Bobtail loads – $1.50 per barrel
If you have questions, please contact your crude rep for further information on load charges.