How can producers take post production costs from revenue when we are force-pooled in Oklahoma? If we are an “implied covenant to market” state, shouldn’t it be illegal?
When that happens, I go back to the pooling order and make sure that there is no extra wording regarding payments. I write a certified letter return receipt to the Division Order department and remind them that I was pooled and no post production costs are to be charged (you will be charged for taxes which is normal) and please remove and remit the difference. Many of the accounting software packages that operators use are set to automatically take out post production charges, so you have to remind them that you were pooled. Be sure and put the pooling order number and the royalty that you selected in your letter. Sometimes it works sometimes we have to have a more extensive conversation…
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Thank you, Martha. Yet another hoop to jump thru…
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