Question:....How often will the Oil & Gas Co. pay the royalties out on the lease, every month or every five years??
Thanks!! :)
Question:....How often will the Oil & Gas Co. pay the royalties out on the lease, every month or every five years??
Thanks!! :)
It probably depends on the company and the wording on the lease. I think they are supposed to pay at least once a year. I am not an attorney.
Mine is monthly. Lease in Louisiana for decades...
Thanks Nancy!!
Thanks Yvonne!!
monthly if it's over $100 dollars...if less, they wait until it is
Thanks Richard I appreciate the reply, I was thinking the same but wasn't sure :)