We have a producing well in Karnes Co. since last March 2012 that we just received a first payment Feb. 2013 for that supposedly covers escrow/arrears money for March thru December of last year, however the detailed attachment to the check only show dates for March & November & the amounts don't even come close to adding up. It's producing Oil, Gas, Cond., But., Eth., Pro. Our lease is for 8 + acres in 3 separate tracts but we only got a bonus for 1 acre. The production reports March thru December are on the TRRC site & the 3 tracts are in my Dad's name in the county records & they are saying they're having trouble tying us to 2 of the tracts. At one point in Nov. I was told they would release everything regardless & finish title work later. My Dad passed away approx. 2-1/2 yrs. ago. I've offered all documentation but they say they already have all that. The leasing company has basically been ignoring our repeated requests for answers to questions for over 2 months now. At his point we have no idea what's up so these were my questions that have not been answered & are still being ignored.
- Is this the full or partial escrow amount being released from last year & is it just for the one tract or all three or is it a royalty payment?
- Will we begin getting monthly royalty checks now & if so, approx. how much do you anticipate that being?
- How much acreage is being credited to us & how is the net decimal interest (i.e., percentage) in the unit being calculated for our royalty?