First of all, let me say that a lot of people in Oklahoma have an interest in oil wells. That is the pay to an owner of oil royalty is 1/8 of what the oil company rakes in. The oil companies have 20 plus ways of putting the shaft to the landowner.

My sister and I own an interest in a small oil well. Sheridan Production Company recently bought it. They are operating on our money and that of other royalty owners and refusing to pay until the 90 days that they can stall is up.
The Corporation Commission says they must pay in 90 days.

Our checks are never a lot but multipled many times by many owners it is a good chunk of change. This company has repeatedly lied to my sister and I about when they will mail the checks. We are just talking ab out a little over l,000 dollars each but it is important to us, and makes our retirement a lot more pleasant than it would other wise be.

Oil is at a record high and a lot of us who own the interest in the wells are sitting here waiting for the greedy pigs to turn loose of a small portion of the money they owe us.

Just thought I would let you know about this. . Jeri

Comments:

Oh, this is really bad! I'm reading your answer right above the comment box and I think that's a good idea. Just bother them to death. Your lawyer is right. This is not easy to understand when the oil companies are making a mint these days!!

comment by sunlight on May 7, 2008 11:56 PM ()

They think we are all dumb country bumpkins. They will hold all of the money as long as possible and then sell to another company If we don't apply pressure. As of yesterday they said and I quote "we have decided to do a check write at the end of the week for your sister and you." That evidently means the other royalty owners are left in the lurch.

reply by elderjane on May 8, 2008 6:32 AM ()

Grrr
That is annoying. I suppose the Better Business Bureau wouldn't help...

comment by kristilyn3 on May 7, 2008 6:57 AM ()

Mark told me to call the Senators and Congressmen too. The BBB is no help.

reply by elderjane on May 8, 2008 6:36 AM ()

I am so angry with the oil companies and their exorbitant profits!Greedy twits!

comment by angiedw on May 7, 2008 4:00 AM ()

You are so right. Small oil companies pop up all the time to get their share and hold on to as much of the money as they possibly can.

reply by elderjane on May 7, 2008 5:51 AM ()

friggin' oil companies....they try and screw everybody. There is just no excuse for so much naked greed.

reguards
yer that's why you should Vote For Bugg!!! pal
bugg

comment by honeybugg on May 7, 2008 3:44 AM ()

First of all, Bugg for president.

reply by elderjane on May 7, 2008 5:52 AM ()

I hope they do the right thing soon.

comment by texastar on May 6, 2008 8:11 PM ()

It has been. We are under a tornado watch here. How is it there?

reply by texastar on May 7, 2008 1:40 PM ()

I do too. Coming from an oil rich state, I realize that they put a lot of money into production but at the risk of seeming crude, I don't like getting screwed without getting kissed. Is it storming your way?

reply by elderjane on May 7, 2008 5:54 AM ()

Hope that you get this straighten out.
They are greedy thats for sure

comment by fredo on May 6, 2008 3:40 PM ()

Well Fredo, I contacted my lawyer yesterday on behalf of my sister and myself and he advised me to keep calling and calling and calling or they would continue to try and with hold our money as long as possible. He is going to contact them too.

reply by elderjane on May 7, 2008 5:56 AM ()