Yes, all kinds of problems there, especially no 13Ds nor Form 4s and 5s.
It appears they didn't have the $$$ to fulfill their mineral lease, operating, and JOA.
So who did not pay into the AFE, and were the shortfall offered on a pro-rata basis to the other lease holders?
Also, grandma needs her cash flow, but sometimes grandmas son or sister sues grandma and wants their cut or else, then the whole operation gets sued and everything comes to a grinding halt. Then there are lawyers everywhere as everyone has a lawyer, and it takes years for all the lawyers to get together.
In other areas, accessing rigs and roughnecks can take time and you must stand in line.
All kinds of things can go wrong in the oil patch. Best leave it to those with $$$ and experience.
