Martha – you have been helping a LOT of mineral interest holders – your input put enough questions before me several years ago so that I have happily avoided pursuing working interest positions.
As to the present. I have minerals in Kingfisher County (SEC 4 T17N R5W) that is a participant in the old N Lincoln Unit (Hinkle as operator) plus 2 newer horizontals completed in 2014 (by Hinkle) and in 2019 (Energy Acquisitions). The recent history is that Alta Mesa distributed revenue from all 3. Starting in April Hinkle changed the N Lincoln over to Martindale Consultants evidently avoiding the Alta Mesa bankruptcy. Then I received notice from Mach Resources dated June 15 that they had purchased Alta Mesa, effective June 20 which was followed on June 30 with a check for the 2 newest wells from what is referenced as the Blanchard Interest, a name totally unfamiliar to me.
Also, as if on Que, there now appears a full spectrum of deductions for processing, compression, plant fuel, gathering, marketing and pipeline loss. Since the improper deducts seems to be the new order of the day, the question becomes how to best put an immediate stop to this? There is not a great deal of money involved at this point with the depressed valuation of HC in general, but what is a good response strategy?