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

State:
Multi-State
Control #:
US-OG-070
Format:
Word; 
Rich Text
Instant download

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.
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FAQ

What is a division order? A division order is a contract between the owner of a royalty or other interest in oil and gas (payee) and the company that will be paying for royalty and other production on its sale (payor). ?Frequently asked questions? or ?FAQs? on a variety of oil, gas and ... oilgas.org ? OGER_FAQ_20090506 oilgas.org ? OGER_FAQ_20090506

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.

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 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 is a contract between the owner of a royalty or other interest in oil and gas (payee) and the company that will be paying for royalty and other production on its sale (payor).

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