Hello:
I looked for into that may answer my question using the “search” function, but didn’t find any…hopefully someone can help.
I received royalties up through 2020 on wells Guthrie Dunbar A Unit and Guthrie Dunbar B Unit located in Upton Co. Royalties came from Legacy Reserves and averaged $300-500 per month throughout 2018. I knew something was up when I received only one check in 2019; I understand Legacy filed for bankruptcy in 2019. Last check I received from Legacy was Feb. of 2020 for royalties from the entire year of 2019. That check was for $47 for the entire year (and I noticed they deducted a “Low Volume Fee”–WTF?).
I understand I won’t get any more checks from Legacy but felt I should investigate what’s going on with those wells. I realize I’m a little late asking about this–I blame it on the Covid epidemic.
Can anyone find out if the Guthrie Dunbar A and B Unit wells are still producing? I haven’t mastered the ability to look up that info. I assume since I received so little for 2019 that the wells were about to be “shut in”–is that correct?
The legal description of my holdings in Upton Co. is Section 2, Block 3 E/2 SW/4 SW/4 and Section 2, Block 3 NW/4… Does anyone know if there’s activity there? I haven’t received any leases for that property since the Legacy royalties quit. Should I assume it’s not being developed?
Thanks in advance for your help!