Court sides with non-ops on paymentsNorth Dakota ruling treats overriding royalty holders as mineral owner assignees; operators have 150 days to pay all interest owners Jannelle Steger Combs For Petroleum News Bakken
A recent North Dakota Supreme Court case provides support to non-operators who are not paid their share of the revenue from a well within 150 days of production. The court treated an overriding royalty as a mineral owner assignee which must be paid timely or face paying 18 percent interest on the ba....
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 08/27/2020)
|
Petroleum News Bakken - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnewsbakken.com
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News Bakken)©2013 All rights reserved. The content of this article and website may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
| 