XTO statutory interest


#1

Just asking if anyone has had trouble getting the statutory interest due from XTO.


#2

I have been wondering the same thing! I read somewhere that the checks wouldn’t go out until the end of August. Are we supposed to do anything as far as contact anyone, ect., do you know that?


#3

The wells started producing in June, 2016. We received our first check December, 2017. Our family sent a certified letter, return receipt requested for the statutory interest on or about September, 2017. I have been in contact with a person at XTO, and keep getting different stories. This last month I told XTO we are done, we will pursue getting an attorney, then I get a call back stating that we will see the interest check on our June check. I do know that you have to write a certified letter requesting the interest and they will look at it and see if you are qualified to receive it.
So you are owed Statutory interest too?


#4

Ok, yes I am. I’m going to have to call them! Of course I had to read the 200 (and something) page court record to find out but my wells were listed. It was my understanding checks were going out at the end of August and the receivers had to do nothing. I believe I read that on the chieftain website. That’s one of the main reasons I joined this forum, I figured more people would be talking about it. I have very little knowledge about all of this, i inherited my mineral rights from my great grandmother but I am trying to learn. I will look into everything you said to do. Thank you for information.