OPS GROUP LIMITED issued a division order on 4/28/2012 for ROWE WELL 1-29 T19S R20W SEC 29. Reference - API well number 03-027-11800-00-00, Permit number 43839.
Tags:
For first sales, Payment is due 6 months after the date of sales. If you have marketable title, then interest is due at 12% for late payment. If you can, google Arkansas statute 15-74-601,15-74-602, 15-74-603,15-74-604. This pretty much lays out what the operators responsibilities are to the royalty owners.
Bill,
Thanks for the information. Most helpful.
Still no information offered by OPS as to when royalty checks will be issued. Have called numerous times with no answer. Arkansas Oil and Gas web site shows additional months of production. This well is active. Any advice as to how to get information on the status of royalty distribution would be appreciated.
386 members
27 members
455 members
440 members
400 members
244 members
149 members
358 members
63 members
119 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
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 |
Links |
Copyright © 2017 GoHaynesvilleShale.com