This form is used to commence revenue payments when ownership is being transferred between parties. The Transfer Order includes the name of each interest owner, the interest for each interest owner, a legal description of the property, and the operator's name.
Maryland Oil and Gas Transfer Order
State:
Multi-State
Control #:
US-OG-324
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oil And Gas Transfer Order?
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FAQ
There is no cost for the oil transfer license. However, there is a fee assessed on transfers of oil in Maryland. The oil transfer fee of $0.08 per barrel of oil transferred in the State is assessed once, at the first point of transfer, and is paid quarterly.
Transfer order means an agreement signed by a payee and his transferee (new payee) directing the payor under the division order to pay another person a share in the oil or gas produced.