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.