First some info. Grimes county, Madisonville woodbine formation, 2011 drilled.
When the well first started it was like clock work on getting paid close to Brent or Light La crude. Operator merged with another company last year and pricing started to fall towards the WTI. Brent /WTI shrunk so no big deal. But last check for 3/2015 production has the crude at 44.87 and 01/2015 was at 44.50. Looking at WTI history I really see it touching those marks maybe once in the month with most well above that mark. And both months WELL below brent spot price.
My Question is how does the company set the price and how can I verify that they are selling it at said price ? Well produces about 1000 bbls a month so not a once a month type deal. Can I find out from them who they are selling it too? Just need direction please