Pioneer Natural Resources, a leading energy company with significant operations in the Midland, Texas area, has specific policies and procedures in place to manage ownership changes and the transfer of assets upon the death of an owner. This guide outlines the necessary steps and documentation required for these processes, effective from October 2, 2023. Ensuring a smooth transition requires adherence to these guidelines, which are designed to protect all parties involved and maintain accurate records for oil and gas interests managed by Pioneer Resources Midland Tx.
Ownership Changes with Pioneer Resources Midland TX
For any ownership changes related to properties managed by Pioneer Resources Midland TX, it is imperative to provide a recorded conveyance document. Pioneer Resources mandates this to ensure the legitimacy of the transfer and to update their records accurately. Interest payments may be suspended upon notification of a potential ownership change, either from the seller or upon receipt of an executed conveyance copy, until the official recorded document is received.
To formally process an ownership change with Pioneer Resources Midland TX, you should email a copy of the recorded conveyance to [email protected]. This recorded deed must be officially filed in all counties where the property is located. Please be aware that changes are processed in the order they are received. Pioneer Resources aims to complete these transfers within 30 to 45 business days from the date of receipt of all required documentation.
Procedures Following the Death of an Owner
In the unfortunate event of the death of a property owner with assets managed by Pioneer Resources Midland TX, the required procedures differ based on whether the estate is probated in Texas or not, and if a will exists.
Estate Probated in Texas
If the owner’s estate undergoes probate in Texas, Pioneer Resources Midland TX requires the following documents to facilitate the transfer of ownership:
- Application to Admit Will to Probate: This initiates the legal process of validating the will.
- Order Admitting Will to Probate: Formal court order confirming the will’s validity.
- Letters Testamentary: Legal document authorizing the executor to administer the estate.
- Last Will and Testament: The deceased owner’s will outlining asset distribution.
- Distribution Deed: Executed by the estate executor to transfer property to the beneficiaries (devisees).
- Complete Heirs List: Including names, addresses, emails, phone numbers, and Tax Identification Numbers for all heirs.
- Copy of Death Certificate: While optional, providing a death certificate can expedite the process.
For title verification purposes with Pioneer Resources Midland TX, documents 1 through 5 must be officially recorded in the county where the property is located.
Estate NOT Probated in Texas
When probate proceedings occur outside of Texas, those proceedings lack direct jurisdiction over Texas properties managed by Pioneer Resources Midland TX. To legally establish title in Texas, authenticated (exemplified) copies of the out-of-state probate proceedings must be recorded in the Texas counties where the properties are situated. Estate requirements and documentation can vary by state, so the specific documents needed might differ slightly, but generally include:
- Application to Admit Will to Probate: From the state where probate occurred.
- Order Admitting Will to Probate: From the state where probate occurred.
- Letters Testamentary: Issued by the court in the state of probate.
- Last Will and Testament: The deceased’s will.
- Distribution Deed or Court Order: Transferring property to devisees, as per the probate court.
- Complete Heirs List: Including contact information and Tax IDs.
- Copy of the Death Certificate: Optional but helpful.
Again, for Pioneer Resources Midland TX’s title requirements, documents 1-5 (exemplified copies) must be recorded in the relevant Texas county/counties.
No Probate / No Will
In situations where the estate will not be probated, or the owner passed away without a will, Pioneer Resources Midland TX requires the following to proceed with ownership transfer:
- Copy of the Death Certificate: To officially confirm the owner’s passing.
- Judicial Determination of Heirship: A court order legally determining the rightful heirs to the estate.
- Complete List of Heirs: With addresses, emails, telephone numbers, and Tax Identification Numbers.
Crucially, the Judicial Determination of Heirship (document #2) must be recorded in the county where the property is located for title purposes with Pioneer Resources Midland TX. Pioneer Resources will accept a Judicial Determination of Heirship from any state, but if it originates from outside Texas, authenticated (exemplified) copies must be recorded in the relevant Texas counties.
Understanding these procedures is essential for anyone dealing with ownership changes or estate settlements related to Pioneer Resources Midland TX. Ensuring all necessary documentation is accurately prepared and submitted will facilitate a smoother and more efficient process.
