Oil co has lowered the Division Order decimal interest on my latest gas royalty statements and claim I have a “negative balance“ on this particular 1000 acre gas well. I own four or five little pieces of the well and all the diff decimals add up to the exact amount on my division order, but my latest checks indicate a slightly lower total decimal interest (Which makes a BIG difference in my net $ amt.). I was never notified of this change, which is required on the div order and lease agreement. I called Oil co and talked to someone at least 4 times, No help. One last question: on my original royalty statements on this well, the gross NET amounts, which my checks are based on, are much less than the amounts on the Adjustment Checks that come later and oil co claims I was paid based on the higher amts, which is not the case. So no matter if my decimal int WAS lowered, according.to the newest updated NET amts, they would STILL owe ME money, not the other way around. Sorry this was long. Just so frustrated.
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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