The oil from our wells was being purchased by Plains Marketing in Houston through the month of May. Our checks were always mailed out on the 20th of the month following production. For example May's production was paid on June 20. In June the operator changed to Shell Trading in Houston who sends a check to the operator on the 19th of the month following production. However we are not paid until the 15th of the following month. Bottom line, the operator will not be sending out Junes royalty check to the royaltyl owners until August 15.
I feel the operator is holding our money longer than necessary, however I wanted to post this to see if other royalty owners are waiting as long for their checks?