PAYMENT FROM HORIZONTAL WELL DRILLED ACROSS SECTIONS
RECIEVED NOTICE ON TWO HORIZONTAL IN SECTION 33 GREENWOOD WASKAOM FIELD. I WAS TOLD OWNER WOULDBE PAID ON HALF PRODUCTION FROM EACH HORIZONTAL. IS THIS CORRECT AND OW IS THE PRECENTAGE ESTABLISHED
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Permalink Reply by Skip Peel - Mineral Consultant on -
We are deep in the weeds here, M B. :-)
What I would like to see is a copy of a DO, specific to a single HC well, that uses the formula on page 2 of Andrew's letter to state an amended royalty decimal interest. Not an allocation decimal interest. If there is such a DO, I would like to see a royalty statement that uses that amended HC royalty decimal. Anyone that has one or both but doesn't care to share a copy can simply post a reply if they understand what is being asked.
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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
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 Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
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