EOG was drilling 2 new wells that I was pooled on. Last August (Aug. of 2025), I received a very large royalty payment. It was a huge surprise to me. I looked at my statement and the money was from production starting in Oct. 2024. EOG withheld that money for 10 months. I thought there was a law in TX that oil and gas companies are legally required to pay royalties within specific timeframes. What do you know about this?
You may or may not be due interest on the late royalties, depending on the terms of your lease and the circumstances. Such as when did you receive the division order and when you sent it back to EOG or if there was a title issue that needed to be resolved. If all was in order, then you can demand the statutory interest on the late royalties.