CHORD purchased Oasis (who still drills for them) and another company…maybe XTO? Anyway, CHORD is (and has admitted to relatives) they are WAY behind on royalty payments since this purchase. This month we have several CHORD checks that did not come, one did, others didn’t. They are drilling more wells and I hate to have to be worried about getting paid. Seems like they’ve taken over a lot of Williams/McKenzie Counties.
- How can we get the payments back on track
- Do they have to pay interest if all of a sudden royalty payments stop?
- Does any agency monitor this at all? Thanks in advance.