We received a Chapter 11 bankruptcy notice regarding a company from whom we receive Royalty checks for production in Ft. Bend County, TX. The company is current with are checks. How will this affect our checks going forward and is there anything we need to do?
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Another great article is this one by Wade Caldwell: Royalty Owners' Rights in Bankruptcy — Oil and Gas Lawyer Blog — March 26, 2020
There is an excellent article by Texas oil and lawyer John McFarland on royalty owners rights in a bankruptcy. You can access the article here: Royalty Owners' Rights in Bankruptcy — Oil and Gas Lawyer Blog — March 26, 2020