Ratification and Rental Division Order of Original Lessor and Lessee: Fill out & sign online

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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 does a division order mean?

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.

Is a division order required in Texas?

A payor is legally entitled to require that you sign a division order correctly setting forth your interest as a condition to payment.

What is a division order?

A Division order is an instrument that records an owners interest in a specific well. It should include the name of the well, the well number, interest type, and your decimal interest.

How do you calculate order interest in division?

The decimal interest is calculated by dividing the number of acres the landowner has in the unit by the total number of acres in the unit, multiplied by the royalty percentage under the gas lease.

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