Oil and Gas Lessee Fails To Pay Owed Royalties

ByJohn Lomicky

|

Updated onApril 11, 2019

This case involves a lessee who allegedly failed to pay oil and gas royalties owed to the owner of the mineral rights. According to the landowner, he and the lessee had negotiated a royalty rate of 14%. The lessee claimed that the rate was agreed at only 10%. An expert in oil and gas royalties was sought to review documents and determine the scope of the claims.

Question(s) For Expert Witness

1. Please describe your experience reviewing oil and gas royalties.

2. What materials would you need to evaluate potential claims?

Expert Witness Response E-169784

inline imageI am a mineral royalty owner and receive royalties from production in multiple states. I am a partial owner in my deceased father's multi-state mineral royalty company. I was a mineral manager and negotiated leases on behalf of trusts and estates at a bank for 9+ years. I understand the provisions of an oil and gas lease and know how to read royalty statements from purchasers (gross, net volume, value, price per barrel/mcf). I would need to review oil and gas leases, check stubs (if available), title opinions, division orders, well lists, production/sales reports, state regulatory websites showing well history.

About the author

John Lomicky

John Lomicky

John Lomicky is a J.D. candidate at FSU Law with a multidisciplinary background. He earned his Bachelor's degree in Neurobiology and Near Eastern Studies from Georgetown University and has graduate degrees in International Business and Eurasian Studies. John's professional experience includes working in private equity as an Associate at Kingfish Group and in legal business development and research roles at the Expert Institute. His expertise spans managing sales teams, company expansion, and providing consultative services to legal practices in various fields.

Find an expert witness near you

What State is your case in?

What party are you representing?