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 Items Affecting Payments

Market Conditions and Operational Issues:

  • Payments may vary from month to month due to fluctuations in price or production from individual wells.
  • Payments may be impacted by routine maintenance or operating issues which can affect the volumes produced from a well during a given period of time.

Adjustments:

  • Quantity, price or ownership decimal revisions may necessitate payment adjustments.
  • Adjustments may be necessary to correct previous payments whether overpaid or underpaid.
  • It is a good idea to keep the check detail for future reference in the event adjustments occur.

Suspense:

  • Payments can be held in suspense because of a transfer of interest from one owner to another, notice of death, missing address or Tax ID Number and other legal or operational issues.
  • Amounts due are accumulated and are released when the matter in question has been resolved and all related documents have been received and processed.
  • All payments are retroactive to the date of suspension.