OUR COMPANY


Lincoln Crude Oil Marketing, LLC is an independent, privately held oil purchasing company  located in the Illinois Basin.  Lincoln began operations in the Illinois Basin in November, 2014,  with its principal office in Mount Vernon, Illinois.  Our primary goal is to connect the Illinois Basin to  a variety of oil markets in order to provide the best possible price to the local producer for their  oil.  Lincoln is also committed to providing the highest quality of professional services to all  producers and owners associated with our purchase of oil in the Illinois Basin.

WHAT WE CAN DO FOR YOU!

LINCOLN SERVICES OFFERED


COMPETITIVE PRICING

OPERATOR EXPENSE PROGRAM

FULL-SERVICE DIVISION ORDER DEPARTMENT

DEDICATED FIELD AND OFFICE PERSONNEL

DOWNLOADABLE

FORMS


Crude Oil Payment Schedule

Crude Oil Payment Schedule

click to download

Change Of Address

Change Of Address

click to download

Affidavit Of Death & Heirship

Affidavit Of Death & Heirship

click to download

Instructions For Signing Division Orders

Instructions For Signing Division Orders

click to download

Automatic Deposit Authorization

Automatic Deposit Authorization

click to download

IRS W9 Form

IRS W9 Form

click to download

Frequently Asked Questions

FAQs


What is required to sign and complete a Division Order?

Visit our FORMS section for instructions on signing and completing Division Orders.

How can I receive payment electronically instead of waiting on a paper check?

Complete and return to Lincoln Crude an Authorization Agreement for Automatic Deposits. Please be sure to attach a voided check to the form before returning.

Why did I not receive payment for the month?

There are several reasons why you may have not received payment:

  • Lincoln Crude did not purchase oil from your lease for the prior month.
  • The amount payable to you must be at least $50.00
  • Payments may be held in suspense due to: division order not returned or incomplete, address on account is incorrect, transfer of interest is pending, notice of death, or question of ownership.

What do I need to do if my revenue check is over 90 days old and I still have not cashed it?

VOID the check and send it back to Lincoln Crude with a written request for a replacement check.

My family member is now deceased and I need to know what is required to transfer ownership to the heirs?

Contact Lincoln Crude’s office for specific instructions on transferring an interest.

What is a Form W-9 and why do I need to include my social security number or federal tax identification number?

Lincoln Crude is required to report income from crude oil purchases to the Internal Revenue Service on IRS Form 1099-MISC annually. Failure to include your social security number or federal tax identification number may result in 24% backup withholdings on your account and remitted to the IRS. Click HERE for our W-9 form.

When does Lincoln Crude Oil Marketing make payment to interest owners?

Revenue payments are made on the 20th day of each month for oil purchased during the preceding month. If the 20th falls on a Saturday, payment will be made on the preceding Friday. If the 20th falls on a Sunday or a holiday, payment will be made on the next business day. Click to view our Schedule of Crude Oil Payments.

I have lost my revenue check. How do I get a replacement check?

Please contact our office at 618-899-5800 to obtain a Lost Check Affidavit Form to verify your check has been lost, misplaced, or stolen. Please be prepared to provide us with your name, owner number, social security number, and address when calling. After we verify a check was issued and we receive the completed Lost Check Affidavit Form back from you, we will issue a replacement check.

How do I change my physical mailing address?

Simply complete our Change Of Address form or use our Online Form here.

When will I receive my 1099-MISC Form for my revenue proceeds?

All 1099-MISC Forms will be mailed prior to January 31st of each year. You will receive a 1099-MISC if you were paid at least $10 in royalties (Box 2) or at least $600 of working interest (Box 7).


WHAT WE CAN DO FOR YOU!

PATOKA SERVICES OFFERED


STATE OF THE ART FACILITY

ACCURATE GAUGING

QUICK RESPONSE FOR CRUDE OIL PICK-UP

DEDICATED PERSONNEL

INDUSTRY

RESOURCES


Illinois Petroleum Resources Board

Illinois Petroleum Resources Board

Illinois Oil and Gas Association

Illinois Oil and Gas Association

GET IN TOUCH


To better serve you, please have your owner number available when you contact us.

Lincoln Office:

117 North 10th Street, 3rd Floor
Mt. Vernon, Illinois 62864

Lincoln Phone:

1+(618)-899-5800 – Office
1+(618)-899-5819 – FAX

Lincoln Email:

info(at)lincolncrude(dot)com

Patoka Office:

1402 Dickey Pond Rd.
Vernon, Illinois 62892

Patoka Phone:

1+(618)-432-5680 – Office

Patoka Email:

rclark(at)patokaterminal(dot)com

Hours:

Mon-Fri   8:30am – 4:30pm
Sat-Sun    Closed