Linn Energy Bankruptcy proofs of claim for interest owners

I am an interest owner in five wells owned by Linn Energy in Lincoln Parish.  They stopped production in one entirely and two others have been cut way back (presumably due to the market price).  The bankruptcy judge ruled that payments to interest owners are not part of the debtor's estate and authorized them to pay the interest owners fully and on time. I am wondering what will happen to the wells and more particularly how I can secure my ownership of the low/no production wells.  Is anyone filing a proof of claim establishing their ownership in their wells or is there some other mechanism for this?

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Your ownership is established by the chain of title, which is hopefully of record and the lease you signed. When times get tough like this, operators find any possible way to cutback. I would send a demand letter to the operator requesting prompt payment on royalties per the terms of your lease.

Thank you.  I filed a complaint with the fraud dept. of their bank over the hot check they wrote me, then I filed a Proof of Claim with the bankruptcy cleark for all five wells.  The May check and the June check have both cleared.

Jon Williamson and Judy darby,

When Samson filed for bankruptcy we (my brothers and I) all filed notices with the Bankruptcy Court advising and proving up our claims to our royalty proceeds. The Court approved our claim and effectively declared that production royalty is owned by the royalty owner(s) independent of the well operating company (Samson) and not an asset of the operator, so it is not subject to creditors claims...or at least that's my understanding of the ruling, so our royalties have continued which we are certainly thankful.  

Royalty is never an asset of the operator. Be patient, you will get your portion of any production.

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