My family has received 4 royalty checks from two well pads between Richwood Run and Fallen Timber.  

The first check paid $4.88 for the NG, nothing for the NGLs and the gas company kept 8% for "Deducts".

The fourth, and most recent, check paid $2.80 for the NG, nothing for NGLs and the gas company took 15% for "Deducts".

We have a 1901 "Flat" lease.

My questions:

Why has the price we are being paid for the NG fallen so low?

Why are we not getting anything for NGLs?

Why is the gas company taking "Deducts"?

There is no mention of deductions in our 1901 lease.

Thank you!

Views: 129

Reply to This

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service