Ownership is all of Sections 3, 6-11, 13-15 in Block 40 T3S of Midland County. I have been doing an inventory review of Operators, wells and leases. Leases known before the review were:
Parks Field Unit 2 Parks, Charlotte 6 Parks, Charlotte 7 Parks, Charlotte 14 Timmerman 7 Coyote Corps 15
After my review, I found some additional leases that were not being paid:
Benge, Arch Benge, Arch C1 Benge, Arch C2 Timmerman 14
I asked COG about the discrepancy and they said I had no ownership there. I’m not as knowledgeable as they are but I was surprised to hear that news since it looked like those were in sections owned. To my surprise, royalties started being paid on Benge Arch C1, Benge Arch C2 and Timmerman 14 within 6 months of my query. There was no D.O. issued.
I’m hoping someone in the forum has some experience here and can help me with my remaining questions:
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If I was right about the Benge Arch C1/C2 and the Timmerman 14 leases, was I right about the Benge, Arch lease? That is not being paid and I don’t know why.
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How would I go about finding information about back payment for royalties on the Benge Arch C1/2 and Timmerman 14 leases that started paying only after I asked?
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This is a harder question but did I miss any leases in those sections? The royalty statement is 71 pages long and it is easy for a novice like me to overlook something. I sourced all my information from the original vesting instrument, then to the RRC database and only then did I compare against the statements from the Operators. Easy to miss something in all that.