A company will not release royalty payments that have been held in escrow for almost two years. But now that the rightful owners will legally be receiving them. The company is still blaming COVID for the hold up - OH come on!! What is the recourse to get them to release about two years of payments that were held?
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The answer may depend upon which state as each one has different rules. For example, OK has a 12% interest penalty and operators must pay interest on any payments that are late. Other states have other rules. You must establish that you have marketable title and are due the payments. Sometimes, there are title issues to get cleared up. Contact the division order analyst for the operator and ask what the hold up is. Send by certified letter return receipt and request payment and interest.
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