Hilcorp Energy Co payment info - ridiculous!

This is a problem with the internal Hilcorp accounting system which transmits data to EnergyLink inserting the NM withholding tax by well line so it is broken into many parts. Other companies send a single NM tax withholding figure for the entire check. The 1099-Misc for the year will separately list the NM royalties and NM State Tax Withheld. Withholding is generally about 4.7% or 4.75% of the gross royalties for the years. You can use this as estimate and then adjust at the the end of the year.

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