Why are they holding back 2 months Royalty

Why are they holding 2 months of royaltys back.Is that how the ball bounces.

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Permalink Reply by Jon, landowner on February 3, 2009 at 1:34
the reason for holding back two months royaltys is for the o/g company to collect what is owe to them from the sell of gas
Permalink Reply by robert jr on February 3, 2009 at 4:24
So Jon, Do I just forget about those 2 months or will there be a catch up time r what ????? I'm new at this.
Permalink Reply by Jon, landowner on February 3, 2009 at 12:33
robertjr---you will be paid for every mo the well produces but they will always be two mo behind that two months allows the o/g company to collect the funds owed them for the sell of the N/G
Permalink Reply by The_Baron on February 3, 2009 at 4:41
Have you been paid royalty on this well already?

Have you signed a division order? Have you provided your SSN# to the operator?

Please elaborate.
Permalink Reply by The_Baron on February 3, 2009 at 4:43
Remember it may take several months to prepare a division order. Royalties are held in escrow until the absract is complete and division orders are signed.
Permalink Reply by robert jr on February 3, 2009 at 6:26
Yes i have recieved 2 checks. 1st one was for 8-08,9-08,10-08.... 2nd was for 11-08 I have gotten 10-99 already for 2008.
Permalink Reply by KAYBABY on February 3, 2009 at 9:31
that sounds about right.
Permalink Reply by intrepid on February 3, 2009 at 12:06
Congrat on your good fortune!
Permalink Reply by The_Baron on February 4, 2009 at 8:32
give them a call, its too soon for jan. royalties, but you should have had dec. already....unless they shut in.

Also...did your 1099 have decembers production in it? add up what you got and compare it to your 1099. That check may have just been eaten by the big blue monster at the postal sorting facility.
Permalink Reply by robert jr on February 4, 2009 at 15:52
I can understand about jan.'s royaltys, but dec.'s is no were to be found yet.
My 10-99 was only for 8,9,and10-08. 1st. ck of 09 was nov. I here the well was frac again i don't know that for a fact,but i wonder if that's the problem. Is there a site that updates can be checked on my well.
Permalink Reply by Two Dogs, Pirate on February 4, 2009 at 16:03
Permalink Reply by robert jr on February 4, 2009 at 16:24
What do you look under? I have looked at scout reports , wells by sect. wells by serial#
but no new data. Is there a sertain one?

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