My family and I I own mineral rights in Reeves Co. First checks were received in November for four wells in the Hollywood Unit. Since the , it has been going rapidly downhill. Oil checks for the four have been averaging $1800 a month and gas checks were in the $200 range. We have continually asked for an idea as to what deductions are made and for what purpose. Transportation? Permits? Drilling? Between a cousin and I, we have probably asked not fewer than five times and have never received an answer. Today I got a gas check for all four wells for $59! That won’t even cover a tank of gas for my car!! To make me even angrier, Concho kept $102. So total was $164.
Do oil companies have the right to not disclose this information?