The Arkansas Oil and Gas Division Order is an important legal document that governs the distribution of revenues from oil and gas production in the state of Arkansas. This document outlines the rights, obligations, and duties of the various parties involved in the production and sale of oil and gas. The Division Order serves as a contract between the oil and gas operator or producer and the royalty owners or interest holders. It establishes the terms and conditions for the payment of royalties and lays out the specific details regarding the allocation of production volumes, taxation, property rights, and other related matters. There are several types of Arkansas Oil and Gas Division Orders, each catering to specific situations and requirements. Some common types include: 1. Standard Division Order: This is the most basic and common type of Division Order, used to allocate royalties amongst multiple interest owners. It includes provisions for revenue distribution, payment procedures, and other standard terms. 2. Supplemental Division Order: This type of Division Order is used when there are changes or updates to the existing Division Order. It may be utilized to modify the allocation of production volumes, adjust royalty rates, or address any other changes to the original agreement. 3. Unitization Division Order: In cases where multiple oil and gas leases or tracts are combined into a single unit, an Unitization Division Order is employed. It governs the distribution of royalties and production across the participating tracts or leases within the unit, providing a fair and equitable allocation of revenues. 4. Division Order on Suspense: This type of Division Order is used when there are uncertainties or disputes regarding ownership of mineral interests. It places the revenues from production in a suspense account until the legal ownership is determined, ensuring that the correct parties receive their rightful share. In conclusion, the Arkansas Oil and Gas Division Order is a crucial document that establishes the framework for the fair distribution of royalties and revenues from oil and gas production. By addressing key aspects such as revenue allocation, payment procedures, and property rights, this legal instrument ensures transparency, accountability, and efficient operations within the oil and gas industry in Arkansas.
Arkansas Oil and Gas Division Order
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To put it another way the formula is: lessor's acres in unit ÷ total number of acres in unit × lessor's ownership interest × lessor's royalty percentage = lessor's decimal interest. Calculating the Lessor's Percentage Interest on a Division Order rothmangordon.com ? calculating-the-lessor... rothmangordon.com ? calculating-the-lessor...
A Division order is an instrument that records an owner's interest in a specific well. It should include the name of the well, the well number, interest type, and your decimal interest. Division Order - ConocoPhillips conocophillips.com ? us-interest-owners ? di... conocophillips.com ? us-interest-owners ? di...
A Division Order is an instrument which sets forth the proportional ownership in produced hydrocarbons, including crude oil, natural gas, and NGL's. Sometimes the Division Order is referred to as a division of interest.
A division order analyst works for a petroleum company and oversees company records. As a division order analyst, you establish, prepare, review, approve, and maintain documents regarding production and land ownership for royalty owners. You generally work as a part of the land department at an oil company.
A mineral deed conveys a seperate estate in minerals in Arkansas. You should use a mineral deed when you wish to deed away the mineral rights to property but not the surface rights. An Arkansas mineral deed is also used to transfer existing mineral rights among mineral owners. Arkansas Mineral Deeds arkansasdeeds.com ? arkansas-mineral-deeds arkansasdeeds.com ? arkansas-mineral-deeds
A division order is a contract between you and the operator (an oil and gas company). Typically, receiving a division order means that the operator is about to drill, or that the operator has already drilled a well and your minerals are producing. The Division Order?What Every Mineral Owner Should Know Graft & Walraven ? the-division-order-what-every-... Graft & Walraven ? the-division-order-what-every-...
The decimal interest is calculated by dividing the number of acres the landowner has in the unit by the total number of acres in the unit, multiplied by the royalty percentage under the gas lease.