Q: Recourse for title suspense error after oil and gas company merger impacting payments.
I had clear title to my oil and gas interests before two companies merged. However, after the merger, my account was placed in title suspense for 8 months due to an error acknowledged by the companies. They blamed the error on the merger but offered no additional compensation for holding my payments. I have documented proof of the error and clear title before the drilling of new horizontal wells. What recourse do I have for the financial impacts experienced, and how can I ensure compensation for their mistake?
A: In the absence of a written agreement to the contrary, you are entitled to 6% interest per annum for money that was not timely paid to you.
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