Emerald OIl Chapter 11 Bankruptcy

[me]

What does this mean to royalty payments and royalty owners?

[Bruce Oksol]

I've asked the question over at the main blog; we'll see if anyone has any helpful information.

http://themilliondollarway.blogspot.com/2016/04/emerald-oil-bankruptcy-what-does-this.html

[Bruce Oksol]

From a reader:

http://themilliondollarway.blogspot.com/2016/04/emerald-oil-bankruptcy-what-does-this.html

I have received some bankruptcy papers from emerald and they have requested that the bankruptcy court allow them to give payment priority to mineral owners. They state this is necessary to protect the value of the assets in bankrupcty as a lack of payment could cause contracts and leases to lapse. I would expect payment to be made but they maybe delayed. On the other hand they shut in some of their wells in stark county in March. No production = no royalty payment needed anyway.