Replies to This Discussion

landownerPermalink Reply by Tom Hough on July 16, 2011 at 13:00

I don't know whether that is kosher or not but be sure to send in a letter requesting interest on all royalties not paid within 90 days. You are entitled to it by law but your producer isn't going to tell you that and he isn't required to. They depend on the ignorance of landowners to make a little money off what is rightfully yours.

 

 

 

Permalink Reply by Roy Gunter on July 16, 2011 at 13:13

thanks Tom...

landownerPermalink Reply by Sherry Mobley on July 16, 2011 at 16:52

Good luck. At least XTO found you and your sister. What do they mean by a tansfer. They owe a bunch of us since 2005. Wonder if they will ever pay us long lost heirs. They have forced us into legal cousel. Gooooooood    Luuuuck   ........Wonder Tom if they will pay us interest too?

Oil & Gas ProPermalink Reply by Ben Elmore on July 18, 2011 at 2:52

A transfer of what?  Need a little more info.

Permalink Reply by Roy Gunter on July 18, 2011 at 5:54

I talked to my land man this morning. He told me a transfer is a process where the company will pay an estimated amount to date. He said that since we were told we should be already getting payments, that they should try and help us out. The transfer is a payment till the DO is sent out to be signed at a later date. And he was not sure when that would be since Exxon has bought out XTO. He said things were still a bit helter skelter at this point. Thanks in advance..Roy Gunter

Oil & Gas ProPermalink Reply by Ben Elmore on July 18, 2011 at 6:02

Makes sense.