Has anyone received any royalty payments from Camino in Stephens county 26-1S-4W or know when we will start receiving them?
Suggest that you call the Camino division order department and find out. Have you gotten the division order and sent it back? (Not technically needed in OK, but I do it anyway so they don’t take out federal taxes.) The completion report says first sales date for Sundance Kid was July 9, 2021. They are supposed to pay 180 days from first sales. However, companies cut their checks on different days of the month. Camino is usually somewhere around the 27th-29th of the month. They will owe interest if they are late. I usually don’t fuss if they are a few weeks late, but I do send a certified return receipt request for interest if they are a few months late.
Oil usually shows up on a check one month after sales and gas usually shows up two months after sales. The first check will be the largest since it is for five or six months of production. Better save half of it for taxes! Also, check your division order because most of them say $100 minimum. I usually change that to $25 so I get checks more frequently.
Given delays with the post office and winter storms recently, checks may be a bit slow for January.
Hi Misty:
I received the Division Orders and revenue around the 27th of January. You should contact Camino and see why you haven’t received yours. Good Luck.
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