As a royalty interest owner Noble is by far the worst operator I am involved with. Recently Noble decided to make an ad-valorem tax adjustment going back to 2008. Naturally it worked out in their favor. I will not receive a royalty check for 5 months. How I found out about this is I stopped receiving royalty checks. As usual, contacting Noble is near impossible. (IMO by design) Finally after several days a representative called me and left message with a phone number missing one digit and her last name. After numerous calls I talked a representative into checking a first name with the partial phone number (Against policy I might add, I must have a last name) Finally, I reached the representative and she explained the royalty "true up" program. She also informed me I was lucky she gave me her phone number as that was against policy. I told her she technically did not break policy because she only left me a partial number I had to spend a half day completing the call. She told me she could not tell me what the problem is but once they netted my payments and received my first check I could go thru the statements. Noble statements are the most confusing convoluted pieces of garbage in the industry. (IMO by design)
I called the County Assessors about any problems with Noble not collecting or paying proper ad-valorem taxes and was told they did not know of any problems. I was also informed the books are closed after two years. So here is Noble going back nine years making adjustments.
In summary, I believe Noble has laid off people with integrity that would question this method to source additional income. What is left is people that enjoy doing this.
A must read from another thread. This kind of behavior is exactly what is bringing Noble down.