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Oil/Gas/Royalty payments due?

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Question
How long does it take to get a division order out to me after I claim on my interest, it is in Custer County well drilled in 2011. I have sent all the papers along with my lawyers help in claiming my interest, all this  back in July 2013. The oil company says they need 90 to 120 days to get one out and then on a first come first serve name. This does not seem reasonable to me as the well was drilled in 2011 why so long in getting paper work done in order to send checks.
SEC. 27-12-16
22-13-16
34-13-16
2-15-14
Here it is Oct. and I'm still waiting
Thank You Russell

Answer
In Oklahoma, per the Oklahoma Production Revenue Standards Act, they have six months from first production to begin paying on a new well. If they don't pay within six months, then interest accrues on "late" payments at either 6% or 12% per year, depending on whether your title is "marketable" (good) or not. It's not uncommon for companies to pay late, but if they do, you need to ask for any interest due usually, as they sometimes need to be reminded of that.

Hope this helps you out.
Frederick M. "Mick" Scott CMM RPL
www.mineralhub.com
The Mineral Hub  

Oil/Gas

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Frederick M. Scott

Expertise

Oil and gas leasing, lease negotiations, how to best deal with the oil and gas companies or their representatives, buying/selling mineral rights, forced-pooling, correlative rights, deeds and conveyances, and "post-production" costs. I am most experienced with Oklahoma properties and laws, but am able to answer questions concerning other oil and gas producing states in many cases.

Experience

I am a Certified Professional Mineral Manager (CMM) certified by the National Association of Royalty Owners (NARO) in Tulsa, OK. I am also a Registered Professional Landman (RPL) with the American Association of Professional Landmen (AAPL). I have managed my family's oil and gas properties in Oklahoma for over 10 years and have dealt with many landmen, title analysts, attorneys and other oil and gas professionals in the process. I have written several articles which have appeared in various oil and gas industry magazines and newsletters. I have negotiated and drafted leases, prepared deeds, affidavits, and other legal instruments relating to my own minerals, as well as performed title, legal research, and curative work for same. I have acquired a good deal of knowledge on the subjects of oil and gas law, mineral appraisal, and landwork over the past ten years, and also worked as a professional landman and lease buyer for a time. I've seen the business from "both sides" and therefore feel confident I can help out most of the folks who ask questions in this forum.

Organizations
National Association of Royalty Owners (NARO); American Association of Professional Landmen (AAPL)

Publications
National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, The Mineral Hub, Landman Magazine, and several royalty owner association group's newsletters.

Education/Credentials
Certified Mineral Manager (CMM), Registered Professional Landman (RPL)

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