Accounting Department Questions:

When does the company distribute revenues?
The Company issues revenue checks to those owners with balances due greater than $100 around the 20th - 25th of each month. Balances less than $100 are released annually each November. You may request in writing that your balance be paid once it reaches $25.

What do I do if there is a change in the address or ownership?
Changes of address should be sent in writing to the attention of Revenue Accounting. Changes of ownership should be sent in writing with appropriate documentation (death certificates, assignments, etc...) to the attention of the Land Department. See Owner Relations section of web site for additional details.

I did not receive my revenue check, what should I do?
You should contact Revenue Accounting to first verify a check was issued. If a check was issued, our policy is to wait 45 days for the check to show up in the mail. After that point, we will issue a stop payment and reissue the check. If you want a check reissued before the 45th day, you will be charged a stop payment fee of $25.00 and the check will be reissued. If a check was not issued, a reason in our system will be noted and remedial action may be taken on your request to release suspended monies.

What do the product codes that show up on my check signify?
O - Oil
G - Gas
P - Plant Products
C - Condensate

Do you escheat monies to States?
Yes, unclaimed royalties are escheated to various states depending on the individual state's rules and regulations. At that point, you will have to contact the appropriate state office to collect any monies due you. The general time frame mandated to escheat unclaimed monies is 5 - 7 years.

When does the company issue accounts payable (vendor) checks?
The company normally does payable check runs each Wednesday.

Why would a payable be suspended from payment?
If a tax identification number (TIN) has not been received. We will always try to contact you for this information before putting the payment in suspense.

I show a past due balance from your company, what should I do?
You should fax a statement along with copies of any outstanding invoices to the attention of Accounts Payable. At this point, we will research the past due balance and get back to you with a resolution.

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General Financial Questions:

Is the company audited?
Yes, the company is audited by a major accounting firm each year. The annual audit is not published as Triad Energy Corporation is a privately held company. The release of financial information is strictly limited and subject to the approval of the President of the Company.

How can I obtain credit information on the company?
The Company is a Dun & Bradstreet member. Additionally, credit information is provided to vendors on an as requested basis. Any requests for credit information should be sent in writing to the attention of the Controller.

Can I purchase stock in the company?
No, the company is privately owned.

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Land Department Questions:

What is needed in order to transfer a WI to a third party?
We request a copy of the conveyance document (normally an Assignment and Bill of Sale) that has been recorded in the applicable county records. Also, we will need the taxpayer identification number (TIN) of the transferee (or social security number if an individual is the transferee). IRS Form W-9 may be used to provide this number. Please see the Owner Relations portion of this web site for more information.

What is needed in order to transfer Mineral and/or Royalty Interest to a third party?
We request a copy of the conveyance document (normally a Mineral/Royalty Deed or an Assignment) that transfers legal title and has been recorded in the applicable county records. Also, we will need the taxpayer identification number (TIN) of the transferee (or social security number if an individual is the transferee). IRS Form W-9 may be used to provide this number. Please see the Owner Relations portion of this web site for more information.

If the Royalty Interest owner is deceased, what information do the heirs need to provide to transfer the interest?
We request a copy of the Death Certificate and Letters Testamentary (or Letters of Administration) that appoint the Personal Representative, Executor or Executrix of the Estate and has been recorded in the applicable county records. Also, we will need a taxpayer identification number (TIN) for the Estate and IRS Form W-9 may be used to provide this number. Upon the eventual distribution of the Estate assets, we will need a copy of the recorded conveyance document that distributes the assets and conveys legal title of the mineral/royalty interest to the heirs/beneficiaries. Also, we will need current mailing addresses and the TIN or SSN for all the heirs/beneficiaries. IRS Form W-9 may be used to provide these numbers. Please see the Owner Relations portion of this web site for more information.

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Operations Department Questions:

Why is my well down?
From time to time wells need remedial work to maintain production.

Who should I contact if I have a question regarding an active producing or an inactive shut-in well on my land?
If possible, please contact the Production Supervisor in Triad’s field office (Premont, TX) nearest your land. All other inquiries relating to other areas or unsuccessful attempts to contact the Production Supervisors should be addressed to the Operations Manager in the Houston office.

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Acquisitions and Divestiture Questions:

Is the company interested in acquiring producing properties and companies?
Yes. The company is primarily interested in operated properties in South and West Texas or Central Oklahoma that have production at depths less than 10,000 feet. The properties may be either oil or gas and may have purchase prices ranging from $200,000 to $50,000,000. A company acquisition would be considered on the merits of the physical and people assets.

Is the company buying exploration prospects?
Yes. The focus is Texas and Oklahoma

Is the company buying development projects?
Yes. The company will primarily review Texas and Oklahoma-based development projects.

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General Questions:

Is there any relationship between Triad Energy Corporation and other "Triad" entities?
Triad Energy Corporation owns a wholly-owned subsidiary named "Triad Energy Exploration, Inc.". Triad Energy Corporation operates as Triad Energy Corporation of Texas in the state of Oklahoma since there are other non-related “Triad” entities operating in Oklahoma.

What are the employment opportunities with the company?
The company from time to time hires both office and field employees, but due to the small size of the company hiring is an infrequent occurrence. Letters expressing interest in employment should be addressed to the appropriate Department and be accompanied by a complete resume of experience and references.

Does the company use consultants or outsource any functions?
Yes. The company does use consultants for special projects and for functions that are beyond the scope of its internal staff. Letters expressing interest should be addressed to the appropriate Department and be accompanied by qualifications, experience, references and rates.

Does the company have any other lines of business than oil and gas development and production?
No, not currently

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