Posted by Dan in North Houston on November 12, 2014 at 05:12:25 from (216.136.87.146):
In Reply to: OT Gas Lease posted by Steve@Advance on November 11, 2014 at 20:18:49:
Steve, it is probably not a scam, although it sounds like there are some problems on their end, especially if they are asking for more back than what they've paid. It is not uncommon to have adjustments, sometimes the natural gas buyers find mistakes in their meters and allocations, and the process of getting it sorted out gets very confusing. If you are not the sole owner of the royalty interest in the well, then your neighbors who also share in the well should have gotten similar letters. If you don't know all of the owners in the well, you might check at the court house to see if there is a recorded lease or unitization or pooling agreement. Start with sending a certified letter asking for an explanation and accounting of all funds. Get out all of your royalty check stubs and compare to the reconciliation they (should) send you. Compare this to the division order you signed before you started getting royalty checks. If you can see where the problems are, send them a letter pointing out their mistakes. Don't expect to get anymore royalty checks for a while, because the terms of the lease will probably allow them to net the funds they claim you owe them against future payments Without knowing more of the facts, that's where I would start.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Search For Spares - by Anthony West (UK). Following on from the aquisition of the old Fordson F, I was very much in need of spares. As a novice though I didn't appreciate the fact that there were so many Fordson tractors made, that all the other makes seem rare by comparison. As far as I was aware a fordson was a fordson and it was only through trial an
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
