Payments for mineral rights

My family also have mineral rights in Mountrail County. I understood that oil companies have to put a certain % of royalties away just for this reason. I thought it was ND Laws. It is hard to get a ND attorney that deals with oil leasing. They are probably out there, but we have never found one that hasn’t cost us a lot of money and has gotten us nowhere. I would call oil company every day and have other members call also. We had the same thing happen to us. The oil companies were very happy to have us sign a lease. We didn’t know what we were doing at the time, but now we are aware of a lot of issues that will be corrected as we receive division orders. Not sure what oil company you are dealing with, I would like to know.

Chip Holk said:

Hello Earl, Thank you for your advice. I appreciate your input.

Chip

Earl Young said:

It is not advisable for any company to ignore orders by the court. You may not only be owed royalties with interest but possibly punitive damages also and legal fees. CONTACT AN ATTORNEY ASAP