# Delayed Royalty Question
**URL:** https://www.mineralrightsforum.com/t/delayed-royalty-question/7724
**Category:** Logan County, OK
**Created:** [February 4, 2015, 9:03pm UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724 "2015-02-04T21:03:11Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@Linda\_Barbour](https://www.mineralrightsforum.com/u/Linda_Barbour)
#### Post date: [February 4, 2015, 9:03pm UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724/1 "2015-02-04T21:03:11Z")
Due to title ownership issues (they don’t honor affidavits of heirship) that Devon requires before paying out royalty checks, we haven’t been paid any royalty on a well that had its first sale in March 2014.
Could someone direct me to a link for OCC regulations concerning getting paid interest on delayed royalty payments. I believe the time period states after 6 months from the first sale royalty owners are due interest at a rate of 12% per annum.
Thank you!
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### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [February 4, 2015, 9:17pm UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724/2 "2015-02-04T21:17:31Z")
Linda,
Ok Statutes: 52-570.10.
Once you read the statute, you will need to know what was the first date of sale. Then it’s 6 months from that date, not when the well came in. Then you will need to write the company and request the interest payment.
If your title isn’t clear, they can hold the payment till the title is clear and only pay you 6%.
Hope this helps.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [February 4, 2015, 9:32pm UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724/3 "2015-02-04T21:32:24Z")
> **[Proceeds from Sale of Production](https://www.oscn.net/applications/oscn/DeliverDocument.asp?CiteID=80938)**
6% if delay is because of title.
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### Author:  [@Linda\_Barbour](https://www.mineralrightsforum.com/u/Linda_Barbour)
#### Post date: [February 4, 2015, 11:06pm UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724/4 "2015-02-04T23:06:39Z")
Thank you Virginia and Ron..the first oil and gas sale on the section was March 2014 so we should be entitled to 6% interest once we have our quiet title suit completed and submit it to Devon.
Linda
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### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [February 5, 2015, 3:47am UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724/5 "2015-02-05T03:47:24Z")
Linda,
That is correct. The 6% is like 1/2% per month as it’s not compounded.
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### Author:  [@Linda\_Barbour](https://www.mineralrightsforum.com/u/Linda_Barbour)
#### Post date: [February 5, 2015, 4:44am UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724/6 "2015-02-05T04:44:13Z")
Virginia,
No, it is compounded.
Where such proceeds are not paid because the title thereto is not marketable, such proceeds shall earn interest at the rate of six percent (6%) per annum to be compounded annually.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:54pm UTC](https://www.mineralrightsforum.com/t/delayed-royalty-question/7724/7 "2018-08-14T23:54:23Z")