Click here; then click on "NEWS" at top of that web page; and then scroll down for article. It cannot be directly linked without subscription.
Royalty payments are being delayed due to number of mineral owners with increasing size of units to 1280 and 2560 acres. In addition, there has been another generation of heirs (two generations in some cases) since the boom began.
Folks will eventually get their money, but it might take some time. The good news: delays past 150 days results in 18 percent interest.
EOG seems to have best process; they have partnered with law firm to manage the program and have everything in place before they even begin to drill. That could explain why I have seen relative delay in new permits for EOG.
No comments:
Post a Comment