Royalty payment

Is there a recourse when payment is not made in a timely manner? Patriot has always paid on the 22nd of the month. Yet this month there has been no payment. My numerous calls are always responded to with a “tomorrow”. Yet there is nothing “tomorrow”. It has already been 10 days. What can one do?

Where are your minerals located?

Does you lease provide for interest for late payments? Also, many oil companies do not pay until the accumulated royalty is $100 (or some other specified amount such as $25). This is called "minimum suspense." If you are paid for only a few small wells, then it may depend on whether there was sufficient oil for pick-up and sale during the month or whether the well was shut-in for repairs or other work.

Also try a search in the upper right corner as there have been some previous threads on this subject.