The last two royalty checks from Apache on my Scurry interests were in the $50 range, whereby the futures and spt averages were in the 60’s. This is a departure from all previous royalty statements. Usually the spread was about 5 or $6 barrel under the futures price. Is the royalty price per barrel nosw completely divorced from the futures? Apache replied with vague nonsense. Anyone know what is going on? Thank you for any replies.
The following is a sponsored (paid) promotional notice:
If you own minerals in Texas and live in the Dallas area, please consider attending the NARO – Texas Town Hall Meeting in Dallas at the SMU Cox School of Business, Maguire Energy Institute, on November 14, 2018 from 6-8 p.m. We will cover four timely topics, and the cost is only to cover the food provided (plus a cash bar) at $20/person. The Mineral Rights Forum is also a sponsor of this event and it is open to non-NARO members, but attendance is limited to about 80 people, so please sign up today! . A link to the signup and information page is http://www.naro-us.org/event-3096540?CalendarViewType=1&SelectedDate=11/14/2018
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Wade Caldwell, Pres. NARO-Texas Chapter