We’ve had issues off and on for years with our leasing company and poor/ slow communication, so this has lead to a level of distrust with the company, but we are locked into this lease and have to just deal.
Despite oil prices rising nicely, we did not get a check in Dec or Jan, when we were certain that we should have. There was no communication from them as to why, so my husband wrote to inquire. We were told that they had paid the taxes in 2019 on our behalf (??) that they needed to recoup and that they had also made an error in the percentage that we were paid the “first time” and that resulted in an overpayment that they also recouped…
Shouldn’t something like this be provided to the owner in writing in some capacity? We claimed the income on our taxes as reported to us by the company, so I am not sure how they’d ever have paid taxes on our behalf in error… to whom? That sounds like a very odd situation, period. Secondly, if they made an error in the initial payment, isn’t that on them? They called it a “software error”. Finally, are we wrong to assume that we should have been notified of any of this by the company, especially since it resulted in them withholding monies owed to us?
We are not talking a lot of money overall, less than a few hundred, I am sure. I guess I am trying to wrap my head around their error being to our detriment, too. Still, we are at a point where the value of oil is up again, they’ve added additional wells to the tract and we’re not seeing a penny recently… something feels wrong here.