Looking for input (legal and/or logic) or advice on how to handle the following situation: Oil and gas company drills an eagle ford well in a unit comprised of nearby leased properties. I have nearby acreage leased by the same company but was not included in this particular unit. The well was drilled over three years ago.
The O&G company has now drilled two additional wells in the same unit but now has also reconfigured the unit to include my acreage as well. I have no issues with the two new wells just drilled as I would begin to receive royalty beginning with first production.
The first well drilled three years ago is the one I have questions about. Should I expect to receive back royalties on the first well? My concern here is I missed out on over three years of royalty payments from the first well by not being included in the unit from the start. Or, should I just expect to receive royalty from the first well starting now? In the new unit my acreage is about one fourth of the total unit acreage so we are potentially talking some serious monies here. Consulting with an O&G attorney is financially justified
Other details....they did rename the unit now that my acreage has been included. Another royalty owner also got some acreage cut out in the newly configured unit. They will drill more wells beyond the three here already mentioned. I see no language in my lease that addresses this type of an issue.
I will consult with my O&G attorney as I do on all my oil and gas dealing. I also am holding up signing my division orders pending answers from the O&G company. But this situation is atypical to me given the circumstances noted above. I would value any input (legal or advice) from forum members, especially from anyone who may have had a similar situation.