Nonconsent Check in the Bank

Has anybody out there actually received a royalty check as a "nonconsent" property owner? If so, please provide some details about the time frame from drilling to check and how the check amount compares to a signed owner.

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Permalink Reply by JHH on January 25, 2011 at 8:09
What's a non-consent property owner?
Permalink Reply by Linda Whatley on January 25, 2011 at 8:12
I think he means an unleased mineral owner.
Permalink Reply by JHH on January 25, 2011 at 8:39
thanks, that's what i was thinking but since i don't know all the terms i asked. thanks
Permalink Reply by Linda Whatley on January 25, 2011 at 8:41
I don't know them either JHH.....  I was just guessing, but I'm sure someone smarter than me will set me straight if I'm wrong....... LOL.
Permalink Reply by Les Bamburg on January 25, 2011 at 8:57
Fred, you would not receive "royalty" without a lease agreement.  Carried working interest owners receive their share of well revenue less operating expenses after the operator recoups the cost of drilling and completing the well. 
Permalink Reply by fred on January 25, 2011 at 9:35
I think the question is still relevant. Has anyone out there who is an unleased or nonconsent property owner received any money as a result of a well being drilled in their section? Judging from the answers I have seen so far, I am assuming there are few persons with a check in their hands.
Permalink Reply by Linda Whatley on January 25, 2011 at 10:03

Yes, I'd like to know that too!!!....  

Permalink Reply by Terry L. Antee on January 25, 2011 at 11:47
Unless it is a really good well it may take years to payout if it ever does and when it pays out if it ever does you will get a check.  If the well has to be reworked for any reason that is added to payout.  Any work on the location, roads or equipment will add to payout.  Good luck.
Permalink Reply by fred on January 25, 2011 at 12:10

Sounds like Terry works for an oil and gas company. A lot of the Haynesville wells have already paid for themselves.

 

Permalink Reply by FXEF on January 25, 2011 at 12:49

Fred,

I'm confused... are you answering your initial question?

 

 

Permalink Reply by fred on January 25, 2011 at 13:20
No, the oil companies have paid for their wells, but my question is whether there are individuals who are not leased who have received a check?
Permalink Reply by Two Dogs, Pirate on January 25, 2011 at 17:05
FXEF, can't see where fred is answering anything, just asking.

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