"My BPX Energy royalty payment detail for a Haynesville well in Natchitoches parish has recently started showing a deduction for "TX08 Unclassified Tax". I understand the exemption for deep/horizontal wells ends after two years or payout,…"
LN's Discussions
Accordance and Satisfaction
4 Replies
What does Accordance and Satisfaction mean? I ask because if the Oil & Gas Company sends funds to me and if upon further review, it is determined that they owe me additional funds, I want to be…Continue
Started this discussion. Last reply by LN Sep 11, 2018.
Well Payout
14 Replies
What happens when a Well reaches payout status but you are not notified until over a year later? Does the 180 rule apply? What are the penalties against the O & G Company?TIA.LNContinue
Started this discussion. Last reply by Skip Peel - Mineral Consultant Jan 19, 2024.
Quarterly Reports
36 Replies
According to the Louisiana Revised Statutes, upon written requests via USPS certified mail, the oil & gas companies are required to send sworn statement production cost statements to the unleased…Continue
Started this discussion. Last reply by LN Feb 14, 2018.
Well Shut-In?
4 Replies
Please define Well shut-in. TIA!Continue
Started this discussion. Last reply by LN Nov 8, 2017.
LN's Page
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Comment Wall (4 comments)
- At 7:42 on February 14, 2020,
Skip Peel - Mineral Consultant said… LN, are you still unleased? If so would you be willing to communicate regarding the current deductions being taken from your production payments?
- At 2:55 on May 2, 2019, Skip Peel - Mineral Consultant said…
Sent you an off-site email a few days ago but haven't heard back so I thought I would comment on your page.
- At 7:43 on September 22, 2014, Skip Peel - Mineral Consultant said…
No. Your share of the well costs are paid by the operator of the well out of your share of production.
- At 16:24 on February 2, 2012,
Texas Gal said… Dear LN,
How many mineral acres do you own and in what county? What it is you want to do? Are you receiving royalties on a producing well and a company is trying to but them from you? I need to know some details to give you a good answer.
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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near…
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