Alaska Royalty Owner's Supplement to Purchaser's Division order or Transfer order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• Control #: US-OG-070
• Format: Word; Rich Text

Description

This form is a supplement that may be attached to any form of division order. It serves to amend the terms of a division order that may contain objectionable provisions which attempt to make a division order more than a direction for payment. The Alaska Royalty Owner's Supplement to Purchaser's Division order or Transfer order is a crucial document that plays an integral role in the oil and gas industry in Alaska. This detailed description will shed light on its purpose, significance, and different types. The Alaska Royalty Owner's Supplement is a supplementary document associated with the division order or transfer order. It serves as an addendum specific to royalty owners, ensuring transparency and accuracy in the distribution of royalties. The key objective of this supplement is to facilitate the smooth transfer of ownership and the fair allocation of royalty payments among interested parties in oil and gas production operations. This supplement supports the connection between the purchaser, division order, and the royalty owners. It includes specific details pertaining to the royalty interest. These particulars encompass the names and addresses of the owners, the well or unit details, the decimal interest (percentage) owned by each party, and any applicable adjustments or deductions imposed. Keywords: Alaska, Royalty Owner's Supplement, Purchaser's Division order, Transfer order, oil, gas, industry, supplementary document, division order, transfer order, ownership, royalty payments, interested parties, production operations, connection, purchaser, details, royalty interest, names, addresses, well, unit, decimal interest, percentage, adjustments, deductions. There are different types of Alaska Royalty Owner's Supplement to Purchaser's Division order or Transfer orders, which are chiefly categorized based on the variations of ownership and the specific purpose they serve. Some notable types include: 1. Standard Royalty Owner's Supplement: This type applies to standard royalty owners and covers the basic terms and conditions related to royalty distributions based on specific contractual agreements. 2. Override Interest Owner's Supplement: This supplement applies when an override interest is in place, differentiating it from standard royalty owners' supplements. It typically involves an additional interest acquired by a party, allowing them to receive a certain percentage of the production revenue above a predefined threshold. 3. Working Interest Owner's Supplement: Specifically designed for working interest owners, this type covers the ownership share of those actively involved in the exploration and production of oil and gas resources. It outlines the working interest percentage owned by each party involved in the project. 4. Non-Participating Royalty Interest Owner's Supplement: This supplement is relevant for owners who have a non-participating royalty interest, meaning they do not hold active working interest but still receive a share of the production revenue. It includes specific clauses and stipulations associated with non-participating royalty rights. These various types of Alaska Royalty Owner's Supplement to Purchaser's Division order or Transfer orders cater to the unique circumstances and contractual agreements of different ownership categories within the oil and gas industry. Keywords: Alaska, Royalty Owner's Supplement, Purchaser's Division order, Transfer order, ownership, purpose, variations, Standard, Override Interest, Working Interest, Non-Participating Royalty Interest, terms, conditions, contractual agreements, revenue, threshold, exploration, production, resources, clauses, stipulations, categories, circumstances, oil, gas, industry.

The Alaska Royalty Owner's Supplement to Purchaser's Division order or Transfer order is a crucial document that plays an integral role in the oil and gas industry in Alaska. This detailed description will shed light on its purpose, significance, and different types. The Alaska Royalty Owner's Supplement is a supplementary document associated with the division order or transfer order. It serves as an addendum specific to royalty owners, ensuring transparency and accuracy in the distribution of royalties. The key objective of this supplement is to facilitate the smooth transfer of ownership and the fair allocation of royalty payments among interested parties in oil and gas production operations. This supplement supports the connection between the purchaser, division order, and the royalty owners. It includes specific details pertaining to the royalty interest. These particulars encompass the names and addresses of the owners, the well or unit details, the decimal interest (percentage) owned by each party, and any applicable adjustments or deductions imposed. Keywords: Alaska, Royalty Owner's Supplement, Purchaser's Division order, Transfer order, oil, gas, industry, supplementary document, division order, transfer order, ownership, royalty payments, interested parties, production operations, connection, purchaser, details, royalty interest, names, addresses, well, unit, decimal interest, percentage, adjustments, deductions. There are different types of Alaska Royalty Owner's Supplement to Purchaser's Division order or Transfer orders, which are chiefly categorized based on the variations of ownership and the specific purpose they serve. Some notable types include: 1. Standard Royalty Owner's Supplement: This type applies to standard royalty owners and covers the basic terms and conditions related to royalty distributions based on specific contractual agreements. 2. Override Interest Owner's Supplement: This supplement applies when an override interest is in place, differentiating it from standard royalty owners' supplements. It typically involves an additional interest acquired by a party, allowing them to receive a certain percentage of the production revenue above a predefined threshold. 3. Working Interest Owner's Supplement: Specifically designed for working interest owners, this type covers the ownership share of those actively involved in the exploration and production of oil and gas resources. It outlines the working interest percentage owned by each party involved in the project. 4. Non-Participating Royalty Interest Owner's Supplement: This supplement is relevant for owners who have a non-participating royalty interest, meaning they do not hold active working interest but still receive a share of the production revenue. It includes specific clauses and stipulations associated with non-participating royalty rights. These various types of Alaska Royalty Owner's Supplement to Purchaser's Division order or Transfer orders cater to the unique circumstances and contractual agreements of different ownership categories within the oil and gas industry. Keywords: Alaska, Royalty Owner's Supplement, Purchaser's Division order, Transfer order, ownership, purpose, variations, Standard, Override Interest, Working Interest, Non-Participating Royalty Interest, terms, conditions, contractual agreements, revenue, threshold, exploration, production, resources, clauses, stipulations, categories, circumstances, oil, gas, industry.