So I have mineral rights 28-11N-7W I been receiving small payouts up until the last two months Does anyone know how I can find out information on what may be going on?
Several reasons: 1-check your division order and see if you have a minimum of $100. You can reset it to $25.
2-the COVID-19 shut down and the Saudi Arabia/Russia tiff have a combined effect of drastically lowering demand with a huge supply. The balance has not evened out yet as demand is growing slowly.
3-see 2 above-Oil Prices dropped drastically in April and May and are just now starting to rise. Many oil wells were completely shut in or choked back in May and June. Call your operator and ask.
4-natural decline in the wells means that every month has less and less volume. You may just not have enough volume at the current price levels to make the minimum on your DO.
5- Your wells may have been sold and a transition is happening.
6- mechanical trouble or the wells is just old and failing
Lots of possible reasons.
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