Date post: | 16-Aug-2015 |
Category: |
Education |
Upload: | susan-nash |
View: | 577 times |
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Smoking gun! This tells the whole story. If it is true, ZZK Midstream has underpaid royalty owners. More than 8 years! This is dangerous information.
Incident in Istanbul: The Secret Files & the Case of the Underpaid Royalties
I am looking at the reports, and I know of at least 4 other companies that have been doing the same thing: deducting for processing costs. Not good!
It is all in what the lease says. What did the owner agree to? Working interest owners generally pay, not royalty owners. Double-dipping? I predict a class action lawsuit.
Here is list of information we need. We need to clear this up! Who paid what? When? Who was charged?