I have holdings in several areas in Coal County. The biggest producer has been BP. The check from that company dropped 90% this month. Any info would be appreciated.
What is the date of the majority of the production, and are your properties mostly gas or a bit of both oil and gas (Coal can go both ways). I’m guessing you’re getting paid royalties for production in April now. If the volume/quantity of production on your check stub has not significantly reduced, then it’s all just the price drop the industry has seen now hitting. If there is also a significant volume reduction, then it’s likely they’re also shutting in wells that are marginal to produce (for them, after expenses are subtracted) at these commodity prices.
This topic was automatically closed after 90 days. New replies are no longer allowed.