Replies to This Discussion

Oil & Gas ProPermalink Reply by The_Baron on November 20, 2008 at 16:41

They are selling gas.

Have royalty checks been sent out? Ask the royalty owners.

It may take months from completion till the first checks go out. Most companies will wait till the title opinions and division orders are complete.

Some companies won't pay untill the division order is signed.

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Permalink Reply by qwert on November 20, 2008 at 16:45

I appreciate your response, but my question is has anyone on this board/site actually begun receiving royalty payments?

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landownerPermalink Reply by Spring Branch,mineral owner on November 20, 2008 at 17:14

Yes, many of them in 15/15 Caddo Parish

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landownerPermalink Reply by Buzz Cooper on November 21, 2008 at 3:09

Be sure and look at the decimal amount/unit acres on your division order and check stub. We were paid one check two years ago by Sulpher River Exploration right before they went bankrupt. I didn't pay attenetion to the decimal amount and the 480.00 check seemed right. But since the haynseville hipe I got online and used a couple of royalty calculators and discovered that I only recieved 25% of what my check should have been. Goodrich owns my lease now and I will check that first thing when the division order is recieved. Just FYI.

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Permalink Reply by qwert on November 21, 2008 at 3:48

Thanks for the replies. I'm glad that royalty payments have started. It would be great to hear from someone who has personally received the payments to see how long it took from the drilling of the well to the receiving of the royalty payments.

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landownerPermalink Reply by intrepid on November 22, 2008 at 13:58

Good question. It would also add some balance to know if very many are actually getting any money yet. Or, has all the activity just been in leasing and filpping leases?

I do know people who are getting royalty checks but I could not answer in specific terms for them.

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