Unclaimed Property Programs exist in every state in the U.S. in an attempt to ensure unclaimed property is returned to the rightful owner. Property is considered unclaimed when there is a lack of activity generated by the rightful owner of the property. Evidence of this inactivity includes failure to cash a check, the return of a check or correspondence by the Post Office as undeliverable, or the absence of any communication from the owner. If property remains unclaimed for a certain number of years set by each state statute, it is considered abandoned and must be reported to the state’s unclaimed property program.
During this abandonment period, SandRidge makes every effort to seek out and return property to the rightful owner before it is required to be relinquished to the state of owners last known address by sending out notice of the unclaimed revenue (Download a sample unclaimed property letter). Recipients of the Unclaimed Property letter are asked to complete the form and return to SandRidge within 30 days.
If you have interest in producing areas and have not received a revenue payment or correspondence in more than one year or have knowledge of unclaimed revenue reported to a state, please complete the attached sample letter (download here) and return to SandRidge at the address, fax or email account on the form.