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Permalink Reply by Leo S on December 16, 2015 at 3:13am

Thank you.  It appears MHR is going to do a retructuring with its creditors, and share holders lose all of their equity value, which really almost totally has already happened.

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Permalink Reply by 0ym9x5ag7ury2 on December 17, 2015 at 4:19am

Here is an Action Plan from Texas for when your O&G Purchaser  (Producer) files for Chapter 11. It might help you develop an action plan for your state when you stop receiving Royalty checks. The oil and gas will more than likely continue to be taken free.

Here is a message from Texas to landowners who's producer "Goes Broke". 

If you do nothing, you will not be considered a Creditor and your producer will continue taking your well products with no payment. In Ohio $15 a month per acre is very close to no payment, with our producer still hanging on using our Free NGLs and fictitious throttle back of our wells that is breaking Ohio production records. .

"Texas Land And Mineral Owners Association"

WHEN YOUR OIL & GAS PURCHASER GOES BROKE

A Royalty and Mineral Owner’s Perspective and Action Plan for When

You Receive Notice from the United States Bankruptcy Court

 

http://www.tlma.org/resources%20files/When%20Your%20O&G%20Purch...

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Permalink Reply by searcherone on December 17, 2015 at 5:21am

Ron,  thanks for a very informative link as to what to do in case your producer fails.   All leaseholders of all companies need to be aware of how the proceedings work.  

I read through the brief but concise three pages of info.   Could someone locate and post what is referred to as the Standard and Poor's list of 60 Oil and Gas Companies that are in financial trouble.

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