Does anyone know if you prove rights to a well you currently are not paid on, how long does it take when presented to the Oil and Gas Co. do they have to pay all back monies owed????
Depends on the specific situation. Did they miss you when they originally did leasing? Were there documents that were not filed with the county clerk?
Hi, Deanne -
They will probably have some paperwork requirements - certified copies of the documents evidencing your ownership, etc, before they will be able to prepare and send out new Division Orders to all of the parties affected.
When you receive yours, check the decimal interest declared and if it is correct, sign it and get it back to them. If you don't know how to do that, contact me and I'll show you how.
Once that is all resolved and their data entry people are able to update their records, you should be included beginning with the next monthly payment cycle.
As to whether your first check will be for all of the funds due you since the first day of production, I honestly do not know. All I can offer is "probably", although they may stretch the amounts out as they recover overpayments from the other parties effected.
Something else to note is that although you informed the company, you may need to also inform the companies buying the products (oil and gas). That can be pipeline companies as well as Trucking Companies.
Once the base Royalty Divison Order is established by the Oil Company's Title Attorney, it is turned over to the purchasing companies who maintain them from that point forward. Any changes, you have to send to them - not the company.
The Oil Company should be able to provide you with the names and contact information for those companies purchasing products from the well(s). Or, if you would like me to try and discover who is buying what from your well(s), tell me where it or they are located and what their names are and I'll see what I can find out.
Hope this helps -
Charles
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas
Unless the lease has controlling language, I bet they can take as long as they want (until they get a demand letter from an attorney).