Statoil was one of our royalty payees until Chesapeake sold out to Southwestern, and Statoil broke itself up over it's percentage of oil we were being paid from our gas well
I never truly understood the whole thing ... and still don't ... but this is the first time I've seen the name Statoil in the news
As an aside ... we've received no Statoil money for a year because (they said) we were overpaid in the past ($198.00) because of false reporting (this is what they told me on the 'phone) .. and that it would be another 10 months before they'd resume payments
Apparently the wet is so low, and our percentage is so low, they're "recovering" about 10 or 15 dollars a month
Statoil is a major from Norway but have significant North American investments. I’ve posted several articles about them.