This is a follow up to a question I posted earlier regarding an invoice I received for paying my working share of the expense of plugging a well. I requested and received copies of contractor invoices but I still have questions.
I talked to a couple of experienced oil investors and was told that operators should set aside a savings account out of the proceeds to pay for the eventual plugging. That makes sense, otherwise, how would I know that I'm not being charged twice for this expense? What's my next step? This well produced income for at least 20 years. No explanations were received with the invoice.
Thanks.