Be prepared… If you receive royalty disbursements from Energy Transfer (old Sunoco) for a delay in receiving royalties. The parent company Sunoco Partners Market & Transfer (SPMT) has sent notices to operators in which they pick up, sell and disburse income for. SPMT will no longer provide this service in Oklahoma effective May 1st. While most larger operators pay these disbursements directly, many small to medium operators do not. In speaking with a few of them, there will be a delay while they work out a solution or contact with another payor.
Why… probably due to the class action lawsuit pending Cline vs. Sunoco; where Perry Cline is suing Sunoco for not paying statutory interest on late oil payments.
So keep a close eye on those checks, call or write your operators using Energy Transfer and ask what their plans are to keep the process flowing smoothly.