Uneconomic well - expenses greater than revenues

Oil and Gas Leasing Help
1

There has been an old problem when the:

Royalty owner becomes a Non-Operator is stuck in a well and the

lease operating expenses are much greater than the revenue.

Is there any way the Non-Operator can get out of this annual loss trap?

(especially if the well is not needed to hold a lease, held-by-production)

2

You claim to be a mineral manager, correct?

3

No, that's Buddy Cotton.

4

My apologies.

Unfortunately this is one of those “welcome to the oil business” moments. Participating normally has its risks.