landowner

Adamas Royalties?

Are the Adamas Royalty Checks and Deposits running late for May?

I have active Wells in three Counties, however haven't seen any Royalty Payments for this month

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant 16 hours ago

Neither Adamas nor any O&G operator is likely to respond to those questions.  They might - if you sued them.  I do not recommend doing that.  Aethon's payments were regular because they agreed with the title review and Division Order underlying those payments.  I've mentioned many times that there can be mistakes and problems with both.  If I were Adamas, I would be scrutinizing those files to make sure I was paying correctly and not liable for any mistakes that Aethon or a prior company made.  It is now their responsibility, their liability.  The early Haynesville rush caused many companies to cut corners and employ staffers brought in from other states that were not familiar with Louisiana mineral, civil and case law.  The accounting of many wells paying many lessors and unleased mineral owners is a big job and a headache.


landownerPermalink Reply by Bill R 16 hours ago

Thank you Skip


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant 15 hours ago

You're welcome, Bill.  Hang in there.

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