I posted a discussion today but now cannot find it. My two siblings and I have 8 wells in Williams and McKenzie counties, ND, all produced by oasis. The first well we participated in, Holmes 5601 44-32H and it has had problems including requiring placing ceramics, etc. It has just again started to produce several months ago.
We have 7 other wells we chose not to participate in, the first being Harbour 5501 13-4H, which was spudded on 12-13-11. First production 3-12 and so far has produced approximately 160,000 barrels as of June 2014. We incurred a 150% penalty on this well and asked for an approximate time we would begin having increased royalties from 16% to 80+%. I got a Payout Statement in 3-12 which I cannot figure out. The landman are very difficult to contact, will not answer any emails and are always on voice mail with their phones. Is there any other method by which we can discover when this penalty will be paid up?
Any help would be greatly appreciated.
Pat Maloney