How long does a production co. have to reopen a well that has been shut in before the royalties interest revert to the owner?
Tue, July 14, 2020
There are too many variables to provide a singular answer to this question. Royalty agreements are private contracts between the production company and the property owner, and each agreement will have different stipulations on royalties and operational requirements. We recommend reaching out to royalty owner group on this question, such as the Texas Royalty Council.