Hello,
My sisters and I have been getting royalty checks for over 20 years. Not very big ones but checks just the same. Last October or November we received a letter from a land company that Vitruvian had sent to us. The amount was $2500.00 an acre. We have never been offered anything for our 5 some odd acres. Of course we will never sell, however we received a letter saying that several relief wells were needed for the Pauline 7-27x34h well. In the 20 years we have been getting royalties we have received a couple relief wells and a new well. Always a division order came we signed and sent back and got 50 cents more on check. But this letter is from Oklahoma Corporation Commission. Does anyone know what if anything is going on? The land is Section 34, Township 5 North, Range 6 West, Grady County, Oklahoma. This is on the land my grandparents owned and my mother inherited, then we inherited. It is both gas and oil. And we are curious about this. Is it a good thing or bad? It is the S.A. Drumond gas well that has been producing a very long time. Since the 50s any information would be appreciated. We are wondering if it’s gone dry or what. Sorry this is so long but the offer was the first and only offer we have ever got. The Mobile refinery was on my grandparents land for years. Don’t know if that makes any difference. We never even knew how much land we owned mineral rights to till October when the letter came.
Sorry for long post. Thank you in advance.