a question for anyone

noticed on my check from Enervest  that they took out money for ADV = this is Ad Valorem Tax .

 Does anyone know what this tax is for.

I can not believe it is for property tax on my well as it says in my lease that the company  [ MB operating ] has to pay that tax.

Thanks for any reply

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Replies to This Discussion

Permalink Reply by O&G Guy on January 9, 2014 at 8:58am
Permalink Reply by Rich on January 9, 2014 at 9:12am
Sounds like the O&G co is playing a game or the government is taxing u twice for the same piece of property!
Permalink Reply by scott peterson on January 9, 2014 at 12:59pm

Did you have an O&G atty review your lease before signing? That is something that should have been caught.

Permalink Reply by harry frank on January 9, 2014 at 1:26pm

Scott

Leased 1985 and held by production , MB did not deduct anything Enervest took over and just started taking it out

Permalink Reply by scott peterson on January 9, 2014 at 1:30pm

Hmmm, I would get that lease to a good O & G atty asap and have it reviewed. Im sure its no small change they are taking.

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