Is there a time frame for underpayment of royalties. I have been underpaid for 10 years or so. My interest is .000889 and they have been paying .0000240. Is there a statute of limitations for underpayment? Thank you.
First question is are you sure that you are being underpaid? Is your interest only in one tract which is part of a larger well unit composed of multiple tracts? What royalty decimal is on the division order which you signed? Answer to statute of limitations will depend on the state where well is located and other facts and circumstances.