How long can a parcel be HBP ( shallow vertical well) and not pay any royalties?
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Permalink Reply by Tusc-county-man on February 5, 2018 at 5:16am not one comment?
Just depends on the lease terms. Present day leases generally have shut-in limit of 3 years.
Permalink Reply by Kathi Albertson on February 5, 2018 at 3:10pm 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.
Permalink Reply by Gary L on February 13, 2018 at 5:58pm Lot of old wells in northern OHIO abandoned and not HBP. Interesting????
http://www.sent-trib.com/news/front_page/state-legislature-pushes-t...
Gary L
Permalink Reply by Barry D on February 14, 2018 at 1:30am 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.
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