Bonus Receipt, Lease Ratification, and Rental Division Order by Mineral Owner: Fill out & sign online

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What is an oil lease?

An Oil and Gas lease is a legal document between the landowner (lessor) and an operator (lessee) that allows the operator to produce and sell the oil and gas minerals beneath the property.

What is the purpose of a division order?

The purpose of a division order is to protect the company paying the royalty (payor) from double liability. If you sign a division order and it turns out that you should have been paid a larger interest than shown on the division order, the company is protected as long as it paid according to the division order.

What does a division order analyst do?

Your job as a Division Order Analyst is to determine each owners share, and distribute checks accordingly. You may work for only one company, keeping detailed records about the people who own the companys equipment and resources.

What is a ratification of a lease?

To ratify a lease means that the landowner and oil gas producer, as current lessor and lessee of the land, agree (or re-agree) to the terms of the existing lease.

What is a division order for mineral rights?

A division order is a contract between you and the operator (an oil and gas company). Typically, receiving a division order means that the operator is about to drill, or that the operator has already drilled a well and your minerals are producing.

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