landowner

Division Orders & Royalties

Jack Blake has a couple questions...........
1. Jack leased to CHK, but SWEPI drilled the well. Who will send Jack the division order?
2. Jack does not have anything in his lease about how long between when the gas is produced and when he will get paid royalties. Is their a "standard" time they will pay royalties by? Is it different for each company?
Since it is not specified in Jack's lease, how long can they hold Jack's royalties before paying him?
Please be as thorough as you can in your answer as Jack was dropped on his head as a small boy and it takes thorough explanations for him cypher things out.
Humongous royalty checks for all was the rallying cry of the day!!!!!!!!!!!!!!!

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Replies to This Discussion

StevewPermalink Reply by Stevew on May 23, 2010 at 20:45
It took 5+ months for our checks to start. I called and called and just got the runaround.

landownerPermalink Reply by Jack Blake on May 23, 2010 at 23:35
Logger,
Which company sends you checks?
Thanks,
Jack

Oil & Gas ProPermalink Reply by The_Baron on May 24, 2010 at 5:07
most likely the operator, but if you have a problem with getting paid, you need to contact your lessee

landownerPermalink Reply by Jack Blake on May 24, 2010 at 7:25
Thanks Baron - hopefully Jack Blake will not have a division order problem and hopefully Jack Blake won't have a problem geting paid, but Jack wants to be prepared for the next phases of this HS adventure.
Long live the HS!

Oil & Gas ProPermalink Reply by The_Baron on May 25, 2010 at 7:15
I think your next problem wil be how you are going to get your money into your wheelbarrow without spilling it....

landownerPermalink Reply by Jack Blake on May 25, 2010 at 13:58
YAAAAHHHHOOOOOOO HOWLED JACK BLAKE!!!!!!!!!!!!!!!!!!!!!!!!!!

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