Last May I received a DO and W-9, mailed (certified)both to XTO. No check, never heard anything. Today I received another W-9, I sent another demand letter. The Reed, was completed in March 2021. Revenue is due within 180 days of 1st production??
Completed doesn’t mean production, especially with XTO. Provide the legal description & someone can check on production for you.
Been online since March 2021.
@Mmw1, The Reed 1-28H21X16 well is in Love County, with location listed as 28-7S-2E. As you noted, first production is listed as being on March 1, 2021. The well has recent production recorded at 5000 to 6000 barrels of oil per month, and around 25000 MCF of natural gas per month. The well API # is 35-085-21296. In that they requested a W-9, somebody has tried to put you in pay status. XTO usually responds eventually and they will usually pay interest on late royalties.
Thank you for the info much appreciated !!
You should also send them a certified letter requesting statutory interest. Being 12% of marketable title.
I found this 2022 May. XTO Energy Inc. Filed reports on a Love Co well, Ok. The Reed was drilled at a depth of 26,968ft at 28 7S 2E southeast of Marietta & had production of 614 barrels/day of oil, & 3,963 Mcf of natural gas/day. It was spudded in February 2019, & drilling was finished in June 2019, completion March 1,2021.
I received yet another letter from XTO, saying they needed my dl, ss#, marriage cert.,etc sent all requested documents. It also said, the account is being subjected to a 24% Back up withholding, imposed by IRS. And cannot be refunded, but must be claimed on income tax return. The withholding is required by law for invalid taxpayer ID. If they don’t know my Social Security number, who are they applying it to ??? I have other accounts with them. I don’t understand what exactly is going on? I also have contacted them on numerous occasions, Mail, certified mail, email and phone. Still after all this time no payment. Should I consider consulting an oil & gas attorney in this matter. I also cannot find the actual lease for this well. Thank you in advance for your help in this matter.
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