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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.
Are division orders required in Texas?
The payor may not require a division order, however, that requires much more than is necessary for it to verify the interest you claim to be entitled to. You may insist that the payor submit a division order containing no more than is required by Texas law.
What is a division document?
Division Documentation means, collectively, all programmers notes or logs, source code annotations, user guides, manuals, instructions, software architecture designs, layouts, any know-how, and any other designs, plans, drawings, technical documentation, contracts or materials that are related exclusively or
What does a division order analyst do?
The Division Order Analyst will set up and maintain all well records for our mineral and royalty interests to insure accurate payment of royalty and bonus payments. This key role will analyze deeds, leases, contracts, unitization and marketing arrangements.
How long after division orders do you get paid?
It might be 3-6 months from the time a well is completed to the time you receive a division order. After that, it might be another 2-3 months before you receive your first check. Plan for up to nine months before receiving oil gas revenue.
division order law
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What is a Division Order (DO)? 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. ConocoPhillips has a team that specializes in: Analyzing and interpreting legal ownership.
What is a divisional order?
A Division Order is an agreement between the operator and the royalty owner, detailing the decimal interest owned by the royalty owner in a producing well. Purpose: It confirms the royalty owners share of proceeds from the sale of production, which is paid monthly.
nadoa division order form
NADOA Model Form Division Order (Adopted 9/95)
NADOA Model Form Division Order (Adopted 9/95). DIVISION ORDER. Date: Effective Date: Production: Oil. Gas. Other: Owner Name. OWNER NUMBER: and Address: Type
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