Thank you,
Do I have to pay any out of pocket expenses if we go to forced pooling? If the well never makes the % share of my acreage (0.015625) + 50% of say the 7-8 million dollar well, am I liable for any costs? I know we lose the bonus. Will the oil company that liens the assets of our royalty only be able to recover their costs from our royalty’s production? Also, am I calculating this right? 8,000,000 dollar well x our % of 1280 (0.015625) 20 acres = 125,000 + 50,000 penalty = 150,000 total before we receive 100%?
Mike