Oil co has lowered the Division Order decimal interest on my latest gas royalty statements and claim I have a “negative balance“ on this particular 1000 acre gas well. I own four or five little pieces of the well and all the diff decimals add up to the exact amount on my division order, but my latest checks indicate a slightly lower total decimal interest (Which makes a BIG difference in my net $ amt.). I was never notified of this change, which is required on the div order and lease…See More
Ask Julie (jffree1) if something has changed regarding the unit such as an amendment that adjusted the size in acres. Texas allows this. Operators can add and subtract tracts from unit boundaries. They can add tracts until a unit boundary runs up against the next unit boundary. Obviously adding unit acreage would cause an adjustment in your decimal interest.
Hello! I hope the site is a place for you to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. Since then, we have grown to over 10,000 members.
As 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