A Kansas Division Order is a legal document that outlines the ownership rights and distribution of revenue from oil and gas production in the state of Kansas. It serves as a contract between the mineral rights' owner (lessor) and the oil and gas company (lessee) operating on the property. Key elements of a Kansas Division Order include the precise legal description of the property, the names and addresses of the lessor and lessee, the effective date of the agreement, and the proportional interest of each party in the mineral rights. It also specifies the terms for the payment of royalties, the method of calculating and distributing revenue, and any applicable deductions or expenses. There are two main types of Kansas Division Orders based on how the royalties are calculated and distributed. The first type is the "Fractional Royalty Interest" order, where the lessor is entitled to a certain percentage or fraction of the total revenue. For example, if the lessor owns a 1/8th interest, they would receive 12.5% of the royalties. The second type is the "Decimal Interest" order, where the lessor's ownership interest is expressed as a decimal number. The decimal interest is calculated by dividing the acreage owned by the total acreage being developed. For instance, if the lessor owns 40 acres out of 320 acres, their decimal interest would be 0.125 (40/320). Once the Kansas Division Order is signed, it allows the oil and gas company to commence drilling and production activities on the property. It also serves as a basis for the accurate calculation and distribution of royalties to the lessor. In summary, a Kansas Division Order is a legal document that establishes the ownership rights, proportionate interests, and revenue distribution between the lessor and lessee in oil and gas production. By incorporating the relevant keywords such as Kansas Division Order, ownership rights, revenue distribution, royalties, fractional royalty interest, decimal interest, and mineral rights, this description provides a comprehensive overview of the topic.
Kansas Division Order
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How to fill out Division Order?
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The Conservation Division of the Kansas Corporation Commission (KCC) regulates oil and natural gas production in the state per the Kansas Administrative Regulations.
The rate of such tax shall be 8% of the gross value of all oil or gas severed from the earth or water in this state and subject to the tax imposed under this act.
The EPA regulates air emissions from refineries and fuel distribution systems, including pipelines, trucks, and fuel dispensing facilities or service stations. The Federal Energy Regulatory Commission (FERC)33 regulates the transportation of oil through interstate oil pipelines but does not oversee pipeline operations. U.S. Regulation of Oil and Gas Operations americangeosciences.org ? us-regulation-oil-... americangeosciences.org ? us-regulation-oil-...
The KCC's Conservation Division regulates oil and natural gas production in the state. Its mission is to protect correlative rights and environmental resources with effective regulatory oversight of oil and natural gas exploration and production activities, and intrastate gas storage. Oil & Gas - Kansas Corporation Commission ks.gov ? oil-gas ks.gov ? oil-gas
Domestic natural gas markets are regulated in part by the Federal Energy Regulatory Commission . The commission's chief area of concern is the interstate natural gas market. Natural gas moves for the most part by pipeline in the United States. Natural Gas Regulation - Other Gas-Related Information Sources energy.gov ? fecm ? natural-gas-regulation-... energy.gov ? fecm ? natural-gas-regulation-...
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.
The Federal Energy Regulatory Commission (FERC) is the primary body that regulates oil and gas companies, although a number of other federal offices oversee specific components of the oil and gas industry. U.S. Regulatory Agencies - Oil and Gas Industry: A Research Guide loc.gov ? oil-and-gas-industry ? laws ? age... loc.gov ? oil-and-gas-industry ? laws ? age...
ONLY antique vehicles (vehicles 35 years old or older) can have the ownership transferred (sold) by bill of sales. All other vehicles sold by or purchased from a Kansas resident must have the ownership transferred (sold) by assigned title.