Phoenix Arizona Oil and Gas Division Order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• City: Phoenix
• 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. Phoenix Arizona Oil and Gas Division Order: A Comprehensive Overview Introduction: The Phoenix Arizona Oil and Gas Division Order serves as a crucial legal document that outlines the rights, obligations, and interests of both mineral interest owners and operators in the oil and gas industry. This document acts as a contract between the parties involved and is managed by the Arizona Oil and Gas Conservation Commission (AO GCC). Key Components: 1. Ownership Information: The Phoenix Arizona Division Order includes detailed ownership information for oil and gas wells in the region. It lists the names of the mineral interest owners, their respective addresses, and the percentage of ownership they hold. This information ensures transparency and facilitates accurate distribution of revenues. 2. Mineral Interest Description: The document describes the specific location and boundaries of the oil and gas reservoir within the Phoenix, Arizona area. It includes legal descriptions such as township, range, and sections, enabling precise identification and management of mineral assets. 3. Royalty and Revenue Distribution: One critical aspect of the Division Order is the allocation of royalty payments. It specifies the percentage of revenue each mineral interest owner is entitled to receive from the production of oil and gas. Strict attention is given to royalty calculations to ensure fair distribution of profits. 4. Lease Terms and Obligations: This section details the terms and conditions of the lease agreement between the mineral interest owners and the operator. It outlines the rights and obligations of both parties, including drilling obligations, lease termination clauses, lease duration, and necessary permissions for exploration and extraction activities. Different Types of Phoenix Arizona Oil and Gas Division Orders: 1. Standard Division Order: This is the most common type of Division Order used in Phoenix, Arizona, where the ownership and royalty percentages for each mineral interest owner are clearly defined. It provides a comprehensive framework for the distribution of oil and gas revenues. 2. Supplemental Division Order: In cases where modifications or additions need to be made to an existing Division Order, a supplemental Division Order is issued. This update ensures that any changes in ownership or royalty percentages are accurately reflected and implemented. 3. Amended Division Order: In situations where significant changes occur in the legal or financial aspects of the oil and gas project, an amended Division Order is issued. This may happen due to legal disputes, changes in ownership, or adjustments in royalty calculations. Conclusion: The Phoenix Arizona Oil and Gas Division Order plays a vital role in regulating oil and gas operations within the region. By outlining ownership details, revenue distribution, and lease terms, the Division Order ensures fairness and transparency among all parties involved. Different types of Division Orders, such as standard, supplemental, and amended, are utilized depending on the specific circumstances. With the careful management of this document, the oil and gas industry can thrive while preserving the rights and interests of all stakeholders.

Phoenix Arizona Oil and Gas Division Order: A Comprehensive Overview Introduction: The Phoenix Arizona Oil and Gas Division Order serves as a crucial legal document that outlines the rights, obligations, and interests of both mineral interest owners and operators in the oil and gas industry. This document acts as a contract between the parties involved and is managed by the Arizona Oil and Gas Conservation Commission (AO GCC). Key Components: 1. Ownership Information: The Phoenix Arizona Division Order includes detailed ownership information for oil and gas wells in the region. It lists the names of the mineral interest owners, their respective addresses, and the percentage of ownership they hold. This information ensures transparency and facilitates accurate distribution of revenues. 2. Mineral Interest Description: The document describes the specific location and boundaries of the oil and gas reservoir within the Phoenix, Arizona area. It includes legal descriptions such as township, range, and sections, enabling precise identification and management of mineral assets. 3. Royalty and Revenue Distribution: One critical aspect of the Division Order is the allocation of royalty payments. It specifies the percentage of revenue each mineral interest owner is entitled to receive from the production of oil and gas. Strict attention is given to royalty calculations to ensure fair distribution of profits. 4. Lease Terms and Obligations: This section details the terms and conditions of the lease agreement between the mineral interest owners and the operator. It outlines the rights and obligations of both parties, including drilling obligations, lease termination clauses, lease duration, and necessary permissions for exploration and extraction activities. Different Types of Phoenix Arizona Oil and Gas Division Orders: 1. Standard Division Order: This is the most common type of Division Order used in Phoenix, Arizona, where the ownership and royalty percentages for each mineral interest owner are clearly defined. It provides a comprehensive framework for the distribution of oil and gas revenues. 2. Supplemental Division Order: In cases where modifications or additions need to be made to an existing Division Order, a supplemental Division Order is issued. This update ensures that any changes in ownership or royalty percentages are accurately reflected and implemented. 3. Amended Division Order: In situations where significant changes occur in the legal or financial aspects of the oil and gas project, an amended Division Order is issued. This may happen due to legal disputes, changes in ownership, or adjustments in royalty calculations. Conclusion: The Phoenix Arizona Oil and Gas Division Order plays a vital role in regulating oil and gas operations within the region. By outlining ownership details, revenue distribution, and lease terms, the Division Order ensures fairness and transparency among all parties involved. Different types of Division Orders, such as standard, supplemental, and amended, are utilized depending on the specific circumstances. With the careful management of this document, the oil and gas industry can thrive while preserving the rights and interests of all stakeholders.