How long can a parcel be HBP ( shallow vertical well) and not pay any royalties?

Views: 603

Reply to This

Replies to This Discussion

not one comment?

Just depends on the lease terms. Present day leases generally have shut-in limit of 3 years. 

If you are in Ohio, ORC 1509.062 is the law re inactive wells. However, getting it enforced is another matter. There are wells that have been ordered to be plugged that have not been years later.

Lot of old wells in northern OHIO abandoned and not HBP. Interesting????

Gary L

The answer to this is, it depends.

Without knowing the reason the company has not paid royalties makes it difficult to answer.

For example, we use to receive royalties once a quarter. Now it's once a year.

My suggestion is that you contact the company,if you haven't already.

You could make a call or write asking what is going on. You may want a competent o&g attorney

to write a letter which in part my state, that you feel the well has been abandoned and the lease is null and void.

The response from the company may give you info as to how to proceed

Again, you haven't given enough info to offer a good answer. 


© 2020   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service