just discovered this forum while researching Barrow Shaver. own rights and for last 3 months the checks have decreased drastically.calls to their office gave no info as to reduced checks, always that well needs updates. reading on prior posts at this website, learned of their bankruptcy. how are we affected by this situation? should we seek legal counsel, or take a wait and see approach. we have no prior experience regarding this as we have only been receiving checks since 2023.thanks for any help
If you give the block, abstract name and number and section number, plus name of the well, we can give update on production and nearby activity.
Wells normally decline over time.
i’d contact the bankruptcy trustee and ask them questions. it appears that the lease interest may have been put up for sale and a new oil producer may have purchased this. the bankruptcy trustee can tell you the contact information if you own mineral rights in the property under a new lease. bankruptcy attorney: Phone: 202.590.7962
Jayson B. Ruff
i’d find out the status and then figure out whether you need an attorney or not.
If you are a leased mineral owner, then you do not need an attorney or to file in bankruptcy court or take other measures. Barrow has filed Chapter 11 bankruptcy for reorganization. At some point, the wells will either be transferred to a new operator or they may continue to be operated by Barrow. You can look at RRC records for wells to see production or to see if or when there is a new operator. https://www.inforuptcy.com/browse-filings/texas-southern-bankruptcy-court/4:24-bk-33353/bankruptcy-case-barrow-shaver-resources-company-llc-and-official-committee-of-unsecured-creditors
1 Like