We own 320 acres of land in a section in Oklahoma. 160 acres were leased years ago and a vertical well was drilled. We got 3/16 with the lease. It was a fairly low producing well. A couple of years ago the entire section was forced pooled and we selected the 1/5 royalty option for the remaining 160 acres with the previously leased 160 acres still being held by production. So with the new horizontal well we are being paid 3/16 for the 160 being held by production and 1/5 for the other 160.
Now the old well has stopped producing for the past year. Should the entire 320 acres now receive 1/5 royalty or is it still held by production?
It is still held by production at 3/16 to you .
Thanks Ron