Hopefully this is the best place for this question-
I know it depends on the actual contracts and orders but is there a basic standard for an operator selling a well that has recently stopped producing to a developer? Even if they have the right isn't their and obligation (legal or implied) to either pay or inform you (and all royalty owners) BEFORE the sale. We did receive negligible compensation based on the value they estimate of the well but I question the data that as yet has not been presented to us.
Any replies would be greatly appreciated.
Thank you.