Replies to This Discussion

Permalink Reply by RBH on November 13, 2009 at 10:45

I have called Houston and Tyler and emailed..NOTHING has happened with NO questions answered and now my emails and calls ignored too

Permalink Reply by Kathy on November 14, 2009 at 5:13

Ok, I emailed my contact and lo and behold, they responded and a check is in the works. My next question is how it is calculated. I know what the TNR Code says, but it is kind of ambiguous and up for interpretation. I need guidance to make sure we get the proper amount. The code says " payment must be paid to each payee by payor on or before 120 days after the end of the month of first sale of production from the well" and the payor must pay interest beginning at the expiration of those time limits at 2% above the percentage rate charged on loans to depository institutions by the New York Federal Reserve Bank. So, is the interest compounded, calculated daily or monthly? Alot of questions on how to read and calculate it.

Permalink Reply by RBH on November 18, 2009 at 17:19

Kathy,

who is your contact that you e-mailed?

Permalink Reply by Kathy on November 19, 2009 at 6:58

Prody Vong - she is in charge of the Division Orders

Prody_Vong@eogresources.com

cite TNRC - Texas Natural Resources Code Section 91.402

Permalink Reply by RBH on November 19, 2009 at 7:26

thanks Kathy

Permalink Reply by intrepid on November 14, 2009 at 9:58

I would send them a certified letter requesting the information needed.

Permalink Reply by DJG on November 19, 2009 at 11:13

Correct, from all that I have read/heard they are not on official notice until you have taken the steps to send your information demand letter via certified mail.

Permalink Reply by Kathy on November 19, 2009 at 13:12

I believe you are correct, but I sent them an email and they responded in less than 24 hours that a check was in the works.