I receive royalty income from Pipeline State 58 10-3. The checks stayed fairly consistent until I received my check in March. It was down 80% from the February check. I contacted the operator, EOG, and was told the well started undergoing a “technology upgrade” in early January and that was the reason production was down. The person in “owner relations” said this upgrade process would run through March, 3 months, and I should not expect much if any revenue from those months. The payment I just received, based on February production, was hardly worth the cost to print a check. I have contacted a landman at EOG several times but never got a response.
Does anyone have an idea of what may be going on since I can’t get any relevant information from EOG? Is a well “technology upgrade” real or is this some corporate jibberish from EOG to shut up royalty owners? Thanks for any info.