"None of the mineral owners have received royalty payments since November 2012 on the Lang Unit. Not too surprised because I have had trouble with EOG making timely payments on other wells. But in this case, since the well is no longer…"
"I believe they renewed the mineral leases for this section 7 months ago, for three years. Therefore, they are not just drilling to possess a productive well to keep from having to re-lease the mineral rights."
"Here is a probable scenario. If the well is producing 600 barrels a day; the well head price is $100; and the royalty owners recieve 25%, the payout would be $450,000 for the month, Since their property was pooled, Bob would receive a mail box…"