What is the actual process to get paid on RI in a gas well?
After I sign a lease, a well is drilled and once it produces, the operator sends out Division Orders, I sign and return it and then I get paid? What if I never signed a DO, but received checks? What is the operators recourse (to get their $ back)?
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Unless your lease states otherwise, a lessee can require you sign a DO before paying royalty, as long as the terms of the DO comport with statutory law. Follow this link to the Texas Mineral Owners group where this is discussed. http://www.gohaynesvilleshale.com/group/knowyourrightstexasminerall...
The operator can always send you a DO later, even after already paying you some royalties.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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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 |
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