Interest Owner FAQ

Interest Owner FAQ

An Owner Number is a CRC-assigned number that is unique to each owner account, also known as a Business Associate Number (BNA Number). Please include your Owner Number in all communications with CRC. If you have forgotten or do not know your Owner Number, please contact the CRC hotline at 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form, for assistance.

You may elect for your payments to be directly deposited into your bank account via our electronic fund transfer (EFT) option. Selecting EFT will prevent lost, stolen or mail delayed checks and is safe and secure. To submit a request for EFT, please refer to the Direct Deposit Request form located in the Forms & Documents section of this website. Please send your signed written notice in an email to LandAdministration@crc.com, via fax at 661-621-6372, or via mail to:

California Resources Corporation
Attn: Land Administration
11109 River Run Blvd.
Bakersfield, CA 93311

If you are unsure if your account is already setup to be directly deposited, please contact the CRC hotline at 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form, for assistance.

Please refer to the Change of Address form located in the Forms & Documents section of this website. CRC will only accept written notice of an address change. Said written notice must be submitted by the interest owner or his/her authorized agent. If the written notice is sent by someone other than the interest owner, please enclose a copy of the document granting authority to act on behalf of said interest owner, such as a Power of Attorney. Please send your signed written notice in an email to LandAdministration@crc.com, via fax at 661-621-6372, or via mail to:

California Resources Corporation
Attn: Land Administration
11109 River Run Blvd.
Bakersfield, CA 93311

Please provide the appropriate documents listed below, including your owner number or Social Security/Tax identification number in your correspondence, in an email to LandAdministration@crc.com, via fax at 661-621-6372, or via mail to:

California Resources Corporation
Attn: Land Administration
11109 River Run Blvd.
Bakersfield, CA 93311

  • Individuals
    - Marriage: Please provide a copy of the marriage certificate.
    - Divorce: Please provide copy of divorce decree reinstating maiden name or other document affecting name   change.
    - Court Proceedings: Please provide a copy of the Court Order.
  • Corporations
    - Corporate Name Change: Please provide a copy of the Certificate of Name Change, including Tax ID.
    - Name Change as a result of a Merger: Please provide a copy of the merger, including Tax ID.

Please refer to the Transfer Instructions and Requirements document located in the Forms & Documents section of this website. This document provides the CRC requirements for several different transfer scenarios, (ex: sold property or deceased individual), but please keep in mind that you may be required to provide additional documentation, depending on your specific circumstances. Please send copies of all pertinent documents in an email to LandAdministration@crc.com, via fax at 661-621-6372, or by mail to:

California Resources Corporation
Attn: Land Administration
11109 River Run Blvd.
Bakersfield, CA 93311

CRC does not provide copies of ownership documents; however, you can contact the County Recorder’s Office for the counties in which your interests are located.

Once documents are received by a CRC representative, they will undergo a review process. If all of the paperwork meets the requirements, as stated in the Transfer Instructions and Requirements document located in the Forms & Documents section of this website, then the account will be transferred. This process can take anywhere from 2-3 months, if all proper documentation has been submitted.

Please complete the updated address fields listed on the letter and mail back to CRC in the enclosed return envelope. If you have any questions or concerns regarding your address information, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form, for assistance.

Please prepare a letter, email or fax with the following information:

  • Owner Number
  • Owner Name
  • The reason why the Owner wants this person to have access to the Owner’s information.
  • The type of information the Owner wants this person to have access to.
  • Owner’s signature – Electronic signatures will NOT be accepted.
  • A form of identification from said Owner that includes said Owner’s (1) full name and (2) valid signature.
    *Note: Any sensitive information will be redacted for privacy concerns.

Once the above information is compiled into one document, please send in an email to LandAdministration@crc.com, by fax at 661-621-6372, or by mail to:

California Resources Corporation
Attn: Land Administration
11109 River Run Blvd.
Bakersfield, CA 93311

CRC does not appraise mineral rights for external informational inquires. However, we can provide you with your payment history at CRC. Please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form, for assistance. If you would like a valuation of your mineral property, you can contact a Probate Referee in the county in which the mineral rights are located or a third party that specializes in appraising mineral rights.

The property description can be found either on the first page or the Exhibit of your lease. For further assistance, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

If you would like to sell your mineral rights, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form. We will submit your information to a CRC Representative, who can review your property and advise if CRC would be interested in purchasing the mineral rights.

CRC cannot recommend an attorney to you, but it is advisable for the attorney you choose to have experience in estate planning or oil, gas and minerals in the area or county in which your interests are located.

Please allow 10 business days for your check to reach you before reporting a lost check. Please contact the CRC hotline, 1-855-272-5519 Option 1, or email using the Land Owner Assistance contact form and if your check has not cleared our bank, we will attempt to reissue your payment.

Under the escheat laws of each respective state, we are allowed to hold unclaimed funds for a specific period of time. The funds are turned over to the state of the Owner’s last known address of record. If the address is unknown, then the funds are turned over to the state of incorporation of the reporting company. CRC's state of incorporation is Delaware.

The reclamation process will be between the claimant and the state holding the money. If contacted by a specific State, follow the directions provided by that state. If contacted by someone other than the State, please be careful. Some 'finders' charge a fee or a percentage of the amount recovered. You can search for unclaimed property yourself. There are no fees and no time limit on reclaiming or filing a claim. The majority of states have unclaimed property web sites. You can search for your name and print claim forms from these sites. Begin your search by state name, then state government. For example, the California State Controller’s Office is the agency for the State of California. For some states, it is the Treasurer's office or Department of Revenue. Or, www.unclaimed.org/ maintains a national database of unclaimed property records of participating states; however, not all states participate in this database. Write to the state of residence or past residences and request a search be performed for you. All states have an unclaimed property department. For an accurate search, you should provide as much information as possible. Include your full name, social security number, and how you may be reached.

Remember, once you have reclaimed your funds, please contact the CRC hotline, 1-855-272-5519 Option 1, or email using the Land Owner Assistance contact form you think there is a possibility we may be holding additional funds in your name.


General Tax and 1099 FAQ

All payees are required to provide a Social Security/Tax Identification number to CRC or the payee will be subject to tax withholding under applicable Internal Revenue Service regulations. For further information on federal tax withholding, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

California tax law provides that payments for certain California sourced income, made to non-California resident payees, are subject to a 7% withholding tax. This includes payments to non-California resident payees for “rents” and “royalties” on natural resources from properties located in California. Pursuant to such laws, CRC will withhold 7% withholding tax from each payment unless you provide the appropriate California Franchise Tax Board form.

  • California residents (individuals or businesses that have a permanent place of business, including P.O. Boxes) are exempt from withholding, but are required to complete Form 590 to certify they are a California resident.
  • California nonresidents are generally subject to California withholding and should complete Form 587. Form 587 is used to determine, if withholding is required on a payment to a nonresident, the amount of income sourced to California (as indicated in Part IV).
  • A Nonresident Withholding Waiver Request, California Form 588, is used to request a waiver on withholding payments of California source income to nonresident payees. Once the waiver has been accepted by the State, an approval will be mailed out which will need to be received by CRC.

Please contact your tax advisor to assist in determining the appropriate California Franchise Tax Board form for your situation. For further information on state tax withholding, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

Rental income from real property located in the United States and the gain from its sale will always be U.S. source income subject to tax in the United States regardless of the foreign investor's personal tax status and regardless of whether the United States has an income treaty with the foreign investor's home country.

The method by which rental income will be taxed depends on whether or not the foreign person who owns the property is considered "engaged in a U.S. trade or business." Ownership of real property is not considered a U.S. trade or business if it consists of merely passive activity such as a net lease in which the lessee pays rent, as well as all taxes, operating expenses, repairs, and interest in principal on existing mortgages and insurance in connection with the property. Such passive rental income is subject to a flat 30 percent withholding tax (unless reduced by an applicable income tax treaty) applied to the gross income rather than the "net rent" received. Thus, the real estate taxes, operating expenses, ground rent, repairs, interest and principal on any existing mortgages, and insurance premiums paid by the lessee on behalf of the foreign owner-lessor, must be included in gross income subject to the 30 percent withholding tax. The gross income and withheld taxes must be reported on Form 1042-S, Foreign Persons U.S. Source Income Subject to Withholding to the IRS and the payee by March 15 of the following calendar year. The payor must also submit Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, by March 15.

Please contact your tax advisor to assist in determining the appropriate United States Tax form for your situation. For further information on state tax withholding, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

Ad Valorem taxes are County level taxes (like property taxes on mineral rights) that are imposed once the minerals are producing and are collected once per year. CRC applies a portion of the Ad Valorem tax to the Owner’s account twice per year. If you have any additional questions regarding Ad Valorem taxes, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

A statewide assessment tax by State of California on oil and gas produced in California. This assessment goes to support the Department of Conservation’s Division of Oil, Gas, and Geothermal Resources (DOGGR), and is levied pursuant to Article 7, Division 3, of the Public Resources Code. DOGGR oversees the drilling, operation, maintenance, and plugging and abandonment of oil, natural gas, and geothermal wells. The regulatory program emphasizes the wise development of oil, natural gas, and geothermal resources in the State through sound engineering practices that protect the environment, prevent pollution, and ensure public safety. If you have any additional questions regarding Production Severance Taxes, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

CRC will mail out the Form 1099 by January 31st of each year. Royalty Owners can also obtain their Form 1099 through the crcroyalty.com website. IRS regulations do not require CRC to furnish this information for non-resident aliens, non-profit organizations, incorporated entities, royalty owners who have annual payments of less than $10, or for non-employee compensation of less than $600 (working interest owners/others). For information regarding Form 1099, please contact the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

CRC submits the 1099 forms to the IRS on or before March 31st.

Amounts reported on the 1099 forms include all gross revenue listed on the checks issued to owners during the prior calendar year. Other owner information reflected on the 1099 form (owner name, SSN, address, etc.) is based on the information known to CRC at the time the 1099 forms are generated. Checks issued and subsequently voided during the same year will not be counted.

Please contact the CRC hotline with your inquiry at 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form.

The IRS requires that all payments made in the calendar year be included on the Form 1099. Forms will not be restated due to missing and voided checks, which were voided and reissued in subsequent year(s) based on owners’ requests. Forms 1099 that have been sent out and submitted for prior calendar years will not be restated and resubmitted to the IRS unless restatements relate to a CRC internal error.

Ownership changes communicated to CRC will be made prospectively and any Forms 1099 already submitted to the IRS will not be restated. However, if ownership changes were communicated to CRC during the Adjustment Period (February 1 – March 31) and checks were not cashed, CRC may void and reissue checks to the correct owners and restate the Form 1099, if time permits prior to the deadline for submitting the Form 1099 to the IRS, based on the number of late requests received.

You are receiving a 1099 because one or more payments were issued to you within the calendar year in question on the 1099. If you have not cashed any checks or acquired any direct deposits within the calendar year in question, then please contact CRC immediately at the CRC hotline, 1-855-272-5519 Option 1 or email using the Land Owner Assistance contact form, so CRC can void the outstanding payments and restate the Form 1099. Changes will only be made if they are communicated to CRC within the Adjustment Period (February 1 – March 31) and if time permits.

The 1099 form reflects information on file with CRC at the time the form was prepared. If ownership and/or other changes were not communicated to CRC, you may have to make adjustments on your tax return to report accurate information. Please consult with your tax advisor.

Per IRS regulations, Box 7 includes monies received for oil and gas payments if you are a Working Interest owner.

We cannot deduct your Federal Backup Withholding from your monthly payment(s).

CRC cannot provide tax advice, but it is recommended for you to seek the advice of a tax professional who has experience with oil, gas and minerals in the area or county in which your interests are located.

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