We received a letter stating that due to updated Title Opinions which has affected the ownership…our royalty percentages have decreased. They stated the Unit size has increased in acres. They stated that if we have been overpaid, they will attempt to recoup from the owners. If I am calculating correctly, if does not affect us harshly…pennies on the dollar.
My question is how can they increase the size of the acres without any notification and also who updates the Title Opinions?
What made them decide to Update them?
Thank you for your help.