Non participation

Pat Maloney · 2016-06-09T16:16:42Z

Hello everyone, I have had great assistance in the past from this group. My family have 16 wells in Williams County, 13 working wells and 3 LOC. We are still waiting on getting more money from our first non-participation well and it has been over 4 years and production as of April 2016 was a total of 211,455 barrels. I know the oil prices have played a role, but this seems like a long time. We have not received our first quarter payout statement yet, but this well had about 2 million left for recovery 9 months ago which had not changed as of the end of 2015. We do receive the mandated 16% on our wells [12 non-participation] and are weary waiting for the additional 80+% that will be due to us. Anyone else have the problem of waiting over 4 years? I would appreciate any input. This is a great forum.

Shales Bakken Shale

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