Hello all. Thank you in advance for reading! I own rights in the bakhen in Williams County N.D. I recieved my division order in early November and my ensuing first royalty check (approx $8,500) in late November as expected, but then things got a little wierd. I received a check in late December for $867!!! ????? A few questions if you don't mind...
1.) What was up with that??? I visited a tax professional who also deals with investments and is very steeped in oil drilling/mineral rights and he said that the second check would be smaller than the first, which is logical, but by $8,000!!??? Could that have been an adjustment of sorts? Meaning that they made a mistake on the first check and were just sending the reminents of it late?
2.) If not, is it likely that the small check was indeed my second royalty check??
3.) When should I expect my next check? Is January realistic? Can I expect it to be in the thousands for this one? Once again,
-Divsision order arrived early Nov
-$8,000 royalty arrived in late Nov
-Mysterious $800 arrived in late Dec
Any input is greatly appreciated. If you have read/answered thank you VERY much! This board is an excellent source of substanative information and I'm thrilled to have stumbled upon it.