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Plan to Split Royalties Delays Oil Boom in Plainville
In Plainville Indiana an oil boom began paying royalties, but owners face delays as abstract records are checked to verify land claims. The community adopts a communitization plan to pool royalties by town halves, with prorated payments once ownership is confirmed. The town wells currently yield over 2000 barrels daily, valued at about $277 per barrel.
MENTIONED IN THIS ARTICLE
Aixville
Ind
Plainville
Indiana
Foust
Roy
Tis Lander
Donald Foust
Roy Strange
Teder