Procedure for requesting interest on late payment

Little clarification needed please. When requesting interest on delayed royalty payment, what specifics does request need to contain-as in production dates etc or just owner info, well and general request? Thank you!

If you are in Texas, check the Texas Land statutes for specifics.

http://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-91-402.html

Buddy Cotten

For Oklahoma properties, here is the statute:

https://law.justia.com/codes/oklahoma/2014/title-52/section-52-570.10/

This assumes that your lease form does not provide for a quicker payment.

Buddy Cotten