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Author: Brad Gibbs

oil rig, industry,

The Kings in the North!—North Dakota Operators are Kings (for now) When it Comes to Statutory Interests on Suspended Overrides

 
Do North Dakota operators have to pay suspense penalties on all types of late-paid interests? Not according to a recent line of decisions from the North Dakota Federal District Court. These cases interpret the North Dakota Suspense Statute as relieving operators of the obligation to pay statutory interest on suspended overriding royalty interests—and possible working interests too.…

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