It’s been almost 4 months since I’ve heard from Continental about our DO. Wells started pumping during July. I got a little info from the landman we leased to and he said he had found out another person who’s in on a well we are on hasn’t gotten paid or reached out to either. I know it generally takes a long time but at what point do I do something about it?
If you are in OK, the DOs usually take about five months, so give them a few more weeks. Some of the multi-unit, multi-well groupings may have over 1000 mineral owners that they have to check for title. It takes a while.
For OK, you do not have to sign a DO in order to get paid. You do need to return a W-9 and a “letter in lieu” can clarify the decimal and set the minimum payment at $25. Use the magnifyig glass to read up on them.
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Wells are in Roosevelt, Montana. We sent in W9s by certified mail but still crickets.
Still may be a month or two early.