HAS ANYONE HEARD WHEN AND IF TRAINGLE USA PERTROLUEM WILL BE SENDING OUT ROYALTY CHECKS FOR LITTLE MUDDY 11H AND 13H-154-100 IN NORTH DAKOTA? STILL WAITING.ANY NEWS WOULD BE GREAT,THANKS
Denise:
I believe that the operator has 150 days after the oil or gas is marketed before they are required to pay royalties. If they fail to pay after this time period, an 18% interest applies. But, this applies in cases where there is no title dispute. I believe that this is an area where some operators in ND have taken advantage of the mineral owner over the past years. Not familiar with this particular well but bet it's in McKinzie County as this area is Triangle's bread and butter.