Unpaid profits

[ndian1954]

Continuing the discussion from Non payment on Miller well in Love County:

The Manning lease was signed in 2014 in the Love County Courthouse in March 2014. CASE #FB-2014-2 involved RD Davis. However, the lease and 2-year option expired in March of 2019 with no drilling on Section 033. I don’t know how RD Williams acquired the lease, but we, the Indian lease holders gathered again in July 20, 2023 and signed a three-year lease with RD Williams, Case #FB-2023-01. XTO had spudded the well in 2020, a year after the first lease with RD Davis company had completely expired. The Mobley Well, #01-21H28X33 was completed June 8, 2023. First sale was August 2021 in the amount of $2875.92 barrels of oil, with subsequent sales noted every month through May 2023.

[M_Barnes]

If you signed an Indian lease, you need to check with the Bureau of Indian affairs. My understanding is that they have to approve any leases. It can get complicated!

[ndian1954]

The Bureau of Indian Affairs signed off on the lease in 2014 and 2023. Thus far, no response from XTO, the operator, nor The BIA. I have had my division order since November 2021. We signed the lease with RDWilliams in the presence of the BIA on July 20th, 2023.

[M_Barnes]

That checks the BIA box then!