Three full months after the oil company confirmed that we had cured the title with the last affidavits, we got division orders today. I think the decimal is incorrect, so we are going to contact them again.
The effective date just says “date of first sales” which seems intentionally vague. The well has been producing over a year at this point, I know they owe us back royalties. Should we not expect an actual date there? I mean, THEY should know the date of the first sales off that property, right?
Also, the lease we signed is 3 years old and is up in 2 months. Will they just automatically renew that? I would assume so, since there is an active well on or through the property. Thanks!