Division Orders & Royalties
1. Jack leased to CHK, but SWEPI drilled the well. Who will send Jack the division order?
2. Jack does not have anything in his lease about how long between when the gas is produced and when he will get paid royalties. Is their a "standard" time they will pay royalties by? Is it different for each company?
Since it is not specified in Jack's lease, how long can they hold Jack's royalties before paying him?
Please be as thorough as you can in your answer as Jack was dropped on his head as a small boy and it takes thorough explanations for him cypher things out.
Humongous royalty checks for all was the rallying cry of the day!!!!!!!!!!!!!!!
Views: 19
Replies to This Discussion
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Permalink Reply by Stevew on
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It took 5+ months for our checks to start. I called and called and just got the runaround.
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Permalink Reply by Jack Blake on
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Logger,
Which company sends you checks?
Thanks,
Jack
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Permalink Reply by The_Baron on -
most likely the operator, but if you have a problem with getting paid, you need to contact your lessee
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Permalink Reply by Jack Blake on
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Thanks Baron - hopefully Jack Blake will not have a division order problem and hopefully Jack Blake won't have a problem geting paid, but Jack wants to be prepared for the next phases of this HS adventure.
Long live the HS!
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Permalink Reply by The_Baron on
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I think your next problem wil be how you are going to get your money into your wheelbarrow without spilling it....
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Permalink Reply by Jack Blake on
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YAAAAHHHHOOOOOOO HOWLED JACK BLAKE!!!!!!!!!!!!!!!!!!!!!!!!!!
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