We just received legal papers today for an order to vacate Misener common sources and something that deals with extending the Osborne - (Section 27, 6N, 5W is mentioned in the mumbo jumbo legalise). The order goes on to say that units are "pooled and unitized and each royalty owner shall share in 1/8 of all production". I have read this order a couple of times and can't figure out what it means. Can someone explain it in English? I am thinking it must refer to a horizontal well from Section 27. My piece in Section 23 is currently leased at 3/16 so how does it come to 1/8? Thanks everyone. It's an ongoing education! JoAnne
Jo Anne, 1/8 is the least they can pay you, your lease trumps that.
So, they have to pay what the lease says? Is this a horizontal? I am pretty confused other than it's action of some kind and that is better then just waiting.