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Permalink Reply by JT on January 12, 2022 at 12:19am

We haven't received a letter but I did a property search on the Harrison County website.  Found a 400+ page document recorded 10/1/2021.  

First couple paragraphs:

This Assignment, Bill of Sale, and Conveyance (this "Assignment") is made to be effective as
of 12:01 a.m., Eastern Time, on January 1, 2021 (the "Effective Time"), by and among
TOT ALENERGIES E&P USA, INC., a Delaware corporation (f/k/a Total E&P USA, Inc.) ("TEP
USA"), TOTALENERGIES GAS & POWER NORTH AMERICA, INC., a Delaware corporation
(f/k/a Total Gas & Power North America, Inc.) ("TGPNA" and together with TEP USA, each, an
"Assignor" and, collectively, the "Assignors") whose address is 1201 Louisiana Street, Houston TX,
77002, and RIVERBEND OIL & GAS VI-B, L.L.c., a Delaware limited liability company
("Assignee") whose address is 1200 Smith Street, Suite 1950, Houston, TX 77002. Assignors and
Assignee are sometimes referred to herein individually as a "~" and collectively as the "Parties."

Capitalized terms used but not defined herein shall have the respective meanings set forth in
the Purchase and Sale Agreement (the "Purchase Agreement"), dated as of September 16, 2021,
by and among Assignors and Assignee.

Section 1.1 (a)

(i) All oil, gas and mineral leases, subleases and other leaseholds to the
extent located in the State of Ohio, excluding the area outlined in green on the map
attached hereto as Exhibit A-4

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Permalink Reply by CAM on January 12, 2022 at 4:28am

Thank you for the additional information.

I am trying to give impacted revenue recipients a heads up here. I spoke with one landowner and he never received a Riverbend letter so I assume others haven't either. Impacted owners currently receiving royalties from Encino will receive 75% of monthly amount from Encino but Riverbend will be sending the remaining 25%. Riverbend does NOT do direct deposit so hard check(s) will be sent. I'm concerned if impacted folks didn't receive a Riverbend letter telling them this, they won't know why they received a hard check from that company.

Also, Riverbend was supposed to begin issuing the 25% portion in December - didn't happen. The transition/onboarding of landowner data from Encino to Riverbend ran into technical issues and is still underway.

Revenue recipients under Encino retain their Encino Owner number; Riverbend has issued new Owner numbers for their portion of revenue...wanted to post all this in case folks start to receive "Riverbend" mail/checks and don't know why...

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Permalink Reply by JT on January 12, 2022 at 11:44pm

Thanks for the heads up.  Hopefully they will send notices.  Not excited about Riverbend not having the direct deposit option.  

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