I represent that I own oil, gas, and/or mineral interests for which proceeds are distributed by Grayrock Energy. I authorize Grayrock Energy and the financial institution identified above to electronically deposit all future payments into the bank account specified on this form.
I understand that this authorization may take up to sixty (60) business days to become effective. Once processed, this authorization will remain in effect for all future royalty distributions made by Grayrock Energy until I revoke it by providing written notice, signed by me, to the address provided by Grayrock Energy.
If Grayrock Energy deposits funds into my account in error, I authorize Grayrock Energy to instruct my financial institution to debit my account and return the incorrectly deposited funds.
I agree to promptly notify Grayrock Energy of any changes to my banking information. I understand that Grayrock Energy will not be responsible for any loss of interest, delayed payments, or other claims resulting from my failure to provide timely notice of such changes.
I release and hold Grayrock Energy harmless from any loss, claim, damage, expense, or interest arising from the failure of any financial institution to properly process or post electronic deposits.
Grayrock Energy may use and disclose the non-public personal information provided on this form solely for the purpose of facilitating direct deposit of payments. Any non-public personal information shared with financial institutions will be subject to the privacy policies of those institutions. If you choose not to provide the information necessary to establish direct deposit, electronic payment by ACH will not be available for your payments.