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.
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