Range has started to only send royalty checks every other month for my well in Venango County. Has anyone else noticed this? Even if it is $23.00 every OTHER month, it's tied up in "production" Is that correct?
Joan
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A lot of times they will wait for royalties to accrue to more than certain amount - maybe $20, $25, or $50 - before they send a check. Not sure on the legality of such practices based on state laws, but I have seen paperwork indicating that some producers practice that method.
For income taxes reason a drilling company will pay you through the end of Dec for year-end and it does not consider the amount. Therefore, everyone gets at least one check a year if the well is in production!
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