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.
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.
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, or 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.