I have 2 properties under lease in Reeves county have been receiving a royalty check from 3 different groups, No problem, Last month I received a check from MSC Energy for .01 cents? I do know they are in chapter 11, but why for one cent? The following month I received a check from LUXE, this check was written on 9-30-21 and was deposited as soon as I received it on 10-4-21 and it bounced. (Return Reason-s refer to maker). I attempted to contact LUXE by phone and was sent to record a message. I spoke to an individual at Colgate, the company who bought most of LUXE leases, was informed they didn’t buy Russels Reserve lease and they had received a couple of complaints like mine. Was given a number to call for LUXE no answer just leave a message. I’m curious what recourse does one have? What constitutes a void lease agreement, Nonpayment?
Your problem may be a question as to who owns your lease, rather than the operator name. Did you lease to Luxe or to another company? If you leased to X Co., did X Co. sell or keep the lease? If X Co. was a non-operating WI in a Luxe operated well, then X Co. will still be a non-op WI in the well when operator changes. You need to research the deed records to see who owns your lease and contact that company.
Have you tried the Reeves County DA?
This topic was automatically closed after 90 days. New replies are no longer allowed.