Hello! Does anyone know if wells are being capped, or plans delayed, or is production of your well steady and going to market (and royalties received)? Any opinion of the near term?
EX: A coworker said his friend had his well capped in Fayette Co. PA. It was estimated to pay him $30k/month. Production isn't happening under current market conditions (thus no royalties)..
EX: Are well(s) producing but not going to market (hence no royalties)?
Also, are state/federal typically taxes deducted from royalty payments?
THANK YOU for any comments.