Alaska Division Order is a legal document that outlines the ownership interests and distribution of proceeds among all parties involved in the extraction of oil and gas resources within the state of Alaska. It serves as a crucial component of the overall production process, ensuring efficient and accurate allocation of revenues and royalties. The Alaska Division Order typically contains detailed information regarding the well or lease identification, such as the API number, lease name, operator name, and legal description of the property. It also includes the names and addresses of all mineral interest owners, their respective decimal interests, and the contact information of the parties responsible for administering the order. This document specifies the terms and conditions for the payment of royalties, overriding royalties, and working interests to the respective owners. It further specifies the payment frequency, whether monthly or quarterly, and provides instructions for updating ownership records, transferring interests, and resolving disputes. There are several types of Alaska Division Orders based on the ownership interests involved: 1. Royalty Division Order: This type of Division Order is executed between the mineral owner and the operator, specifying the proportion of royalties payable to the owner based on their ownership percentage. 2. Working Interest Division Order: This type of Division Order is executed between multiple working interest owners, determining their proportional share of costs, risks, and revenues associated with the drilling and production operations. 3. Overriding Royalty Interest Division Order: This type of Division Order is executed between the leaseholder and a third-party royalty owner, granting the latter a share of royalties above and beyond the usual lease royalty. Each type of Division Order plays a vital role in ensuring transparency, accuracy, and fairness in the allocation and distribution of proceeds from oil and gas production in Alaska. Compliance with these Division Orders is critical for operators and mineral interest owners to ensure that their rights and financial entitlements are protected and upheld.
Alaska Division Order
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FAQ
The 2023 Permanent Fund Dividend amount is $1,312.00.
The fund, which is a sovereign wealth fund, pays out annual dividends to every eligible citizen of Alaska. All Alaskan citizens with a residence of one year or more are eligible, except for those who have been convicted of state felonies, are incarcerated, or are convicted of specific misdemeanors.
To be eligible for a PFD, you must have been an Alaska resident for the entire calendar year preceding the date you apply for a dividend and intend to remain an Alaska resident indefinitely at the time you apply for a dividend. There are other criteria for eligibility under Alaska Statute 43.23. 005 and AS 43.23.
Thursday, September 21, 2023 (Juneau, AK) ? Today the Department of Revenue announced the calculation of the 2023 Permanent Fund Dividend (PFD) as $1,312.
By: James Brooks - September 21, 2023 pm This year's Alaska Permanent Fund Dividend will be $1,312. The Alaska Department of Revenue announced the figure Thursday, two weeks before the annual cash payments will be delivered by direct deposit.
Permanent Fund Dividends per Alaskan are set to be $1,304 in fiscal 2024. The fiscal 2024 budget prioritizes investments in public safety, public education, and economic development.
The 2022 Permanent Fund Dividend (PFD) amount is $3,284. The taxable* amount of the 2022 PFD is $2,622. The portion of the 2022 PFD that is not taxable* is the energy relief portion of $662.
Property and debt must be divided in a fair and equitable way. For a marriage of some length, "fair and equitable" often means 50-50. However, after considering the factors listed below, the court may decide that it is "fair and equitable" to give one party more or less than 50%.