Encino Royalties
After reviewing the issues regarding the Encino 1099s, I have questions about the significant deductions from royalties by Encino. I have questions about whether Encino may be making deductions that are not permitted under the terms of the lease agreement I signed with Chesapeake. I sent an email to Encino, but have not received a response. Others may want to check their leases. Has anyone else addressed this issue with Encino?
Kathryn Ware
I have talked to them numerous times and got the same pat answer "we're reviewing the leases" which they have been saying since last May. There are a couple of lawsuits against them. One by Kidder Law firm in Cadiz and the Krugliak Law firm in Canton. I called Kidder when I found out about their suit only to be told they are not adding anymore clients to that lawsuit as of three weeks ago. I am going to be checking with Krugliak as see about what can be done.
Mar 16, 2020
James Vaughn
UPDATE - I addressed the issue with Encino. They reviewed the Lease and agreed that the deductions were not allowed under the terms. They paid back all past deductions and have not made deductions going forward. I was treated fairly and professionally.
Sep 5, 2020
Al Cramblett
Congratulations James and Mike for making some progress with Encino. I sent 4 letters to Encino without a reply. I had a verbal agreement for an attorney to send a letter but now the attorney is not responding to me. The entire oil and gas industry is in turmoil with the new administration promising to put them out of business. From my perspective, we were lucky to be receiving some pretty good royalties that started in 2012.
Dec 1, 2020