Dealing with Operators slow to acknowledge mineral rights

You are caught in common problem of many mineral owners. Establishing marketable title is a methodical process, so skipping key issues to get on pay can create significant delays. The OGL, which creates a part of your NRI calculation, is based upon your mineral title. I there is a flaw in the mineral title, then that will causes funds to be suspended pending satisfaction of the title requirements. My experience with Conoco Phillips is they will be on the slower side of processing, but they are reasonable when working through title requirements. Be sure you have hired an attorney who’s practice is focused on resolving these types of matters efficiently.

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