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Business Details
12 Years
experience
Trusted Crude Oil Purchasing Services in Mount Vernon, IL
Lincoln Crude Oil Marketing has operated in the Illinois Basin since November 2014, connecting local oil producers to diverse markets to maximize returns. Our Mount Vernon, Illinois headquarters supports a team of dedicated professionals committed to delivering exceptional service through competitive pricing, accurate gauging, and efficient crude oil transportation solutions. We maintain full-service division order processing and implement industry-leading payment protocols, ensuring timely revenue distribution to producers. Our operator expense program and dedicated field personnel provide tailored support for lease owners and interest holders. Through strategic partnerships with organizations like the Illinois Petroleum Resources Board, we maintain industry leadership while adhering to strict compliance standards.

Our payment schedule guarantees disbursements by the 20th of each month, with electronic deposit options available for enhanced convenience. We maintain transparent communication channels for address changes, lost check replacements, and estate transfers through standardized documentation processes. Our team handles IRS reporting requirements including 1099-MISC filings and W-9 compliance to prevent backup withholding. With state-of-the-art facilities in Patoka and experienced personnel across operations, we combine technical expertise with personalized service. Our commitment to market connectivity and producer support has established us as a trusted partner in the Illinois Basin energy sector.
Services
Crude Oil Purchasing Division Order Processing Revenue Distribution Market Connectivity Operator Expense Program Estate Transfers IRS Compliance Electronic Payments
Details
  • Year established: 2014
Highlights and features
  • We offer competitive pricing for crude oil purchases in the Illinois Basin
  • Our team provides dedicated field and office personnel for producer support
  • We guarantee timely monthly payments by the 20th of each month
  • Our full-service division order department handles complex ownership transfers
  • We maintain industry partnerships with Illinois Petroleum Resources Board members
Update Listing
Services
Crude Oil Purchasing
We purchase crude oil from Illinois Basin producers and connect them to national markets. Our competitive pricing structure maximizes returns while maintaining market connectivity. The service includes quality gauging, transportation coordination, and market analysis to optimize producer revenue.
Division Order Processing
Our full-service division order department handles ownership transfers and payment allocations. We process affidavits of death, heirship documents, and interest transfers with verification protocols. The service ensures accurate revenue distribution according to legal ownership structures.
Revenue Distribution
Monthly revenue payments are distributed by the 20th through check or electronic deposit. We maintain payment thresholds, handle suspended payments, and resolve ownership disputes. The service includes 1099-MISC reporting and W-9 compliance management.
Operator Expense Program
This program manages operational expenses for oil production sites. We handle expense tracking, payment processing, and financial reporting for lease operators. The service simplifies budget management while maintaining transparent accounting practices.
Market Connectivity
We connect Illinois Basin producers to diverse oil markets for optimal pricing. Our market analysis identifies the best sales channels while maintaining compliance with industry standards. The service includes market trend monitoring and pricing strategy development.
Questions
How do I complete a Division Order?
Visit our FORMS section for instructions and required documentation to complete Division Orders.
Can I receive payments electronically?
Complete an Automatic Deposit Authorization form with a voided check for electronic payments.
Why didn't I receive payment this month?
Possible reasons include no production, amounts under $50, incomplete division orders, or address issues.
How do I replace a lost revenue check?
Contact our office at 618-899-5800 to request a Lost Check Affidavit Form and verification process.
When are 1099-MISC forms mailed?
All 1099-MISC forms are mailed by January 31st for accounts meeting reporting thresholds.
How do I transfer ownership after a death?
Contact our office for specific instructions on transferring interests through proper documentation.