Fulton Georgia Oil and Gas Division Order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• County: Fulton
• Control #: US-OG-323
• Format: Word; Rich Text

Description

This form is used to determine revenue payments and is issued to interest owners for a signature. The form includes the name of the interest owner, the interest for each interest owner, a legal description of the property, and the operator's name. Fulton Georgia Oil and Gas Division Order is a legal document that contains detailed information about the ownership rights and interests in oil and gas properties located within Fulton, Georgia. It serves as a crucial document for regulating the distribution of revenues and establishing the ownership rights of the various parties involved. The Fulton Georgia Oil and Gas Division Order includes key elements such as the legal property description, the names of the mineral interest owners, the details of the oil and gas leases, and information on the operators responsible for well production. It outlines the terms and conditions for the division of proceeds from the sale of oil and gas extracted from the designated properties. Different types of Fulton Georgia Oil and Gas Division Orders may exist depending on the specific circumstances and requirements. Some possible variations include: 1. Standard Fulton Georgia Oil and Gas Division Order: This is the most common type of division order that outlines the standard terms and conditions for the distribution of proceeds among interested parties. It represents a legally binding agreement between the operator, the mineral interest owners, and the purchasers of oil and gas. 2. Amended Fulton Georgia Oil and Gas Division Order: This type of division order is issued when any changes or amendments are made to the original document. It may be necessary to update the division of revenues, modify the royalties, or reflect any new ownership interests due to acquisitions, transfers, or lease modifications. 3. Unitized Fulton Georgia Oil and Gas Division Order: In cases where multiple oil and gas properties are consolidated and operated as a single unit, an unitized division order is issued. This document ensures fair distribution of profits among the participants involved in the unitized operation. 4. Optional Royalty Fulton Georgia Oil and Gas Division Order: Occasionally, an optional royalty division order may be used when the mineral interest owners agree to receive royalties in forms other than cash, such as in-kind products or services. In summary, the Fulton Georgia Oil and Gas Division Order is a comprehensive legal document that outlines the ownership rights, responsibilities, and revenue distribution related to oil and gas extraction within Fulton, Georgia. It ensures compliance with regulations and serves as a foundation for fair and transparent operations within the industry.

Fulton Georgia Oil and Gas Division Order is a legal document that contains detailed information about the ownership rights and interests in oil and gas properties located within Fulton, Georgia. It serves as a crucial document for regulating the distribution of revenues and establishing the ownership rights of the various parties involved. The Fulton Georgia Oil and Gas Division Order includes key elements such as the legal property description, the names of the mineral interest owners, the details of the oil and gas leases, and information on the operators responsible for well production. It outlines the terms and conditions for the division of proceeds from the sale of oil and gas extracted from the designated properties. Different types of Fulton Georgia Oil and Gas Division Orders may exist depending on the specific circumstances and requirements. Some possible variations include: 1. Standard Fulton Georgia Oil and Gas Division Order: This is the most common type of division order that outlines the standard terms and conditions for the distribution of proceeds among interested parties. It represents a legally binding agreement between the operator, the mineral interest owners, and the purchasers of oil and gas. 2. Amended Fulton Georgia Oil and Gas Division Order: This type of division order is issued when any changes or amendments are made to the original document. It may be necessary to update the division of revenues, modify the royalties, or reflect any new ownership interests due to acquisitions, transfers, or lease modifications. 3. Unitized Fulton Georgia Oil and Gas Division Order: In cases where multiple oil and gas properties are consolidated and operated as a single unit, an unitized division order is issued. This document ensures fair distribution of profits among the participants involved in the unitized operation. 4. Optional Royalty Fulton Georgia Oil and Gas Division Order: Occasionally, an optional royalty division order may be used when the mineral interest owners agree to receive royalties in forms other than cash, such as in-kind products or services. In summary, the Fulton Georgia Oil and Gas Division Order is a comprehensive legal document that outlines the ownership rights, responsibilities, and revenue distribution related to oil and gas extraction within Fulton, Georgia. It ensures compliance with regulations and serves as a foundation for fair and transparent operations within the industry.