A Massachusetts Division Order is a legal document that outlines the ownership percentages and distribution of oil and gas royalties among the various interest holders in a particular oil or gas well located in Massachusetts. It serves as a contractual agreement between the operators of the well and the interest owners, ensuring that the royalties from the production are allocated correctly. The Massachusetts Division Order is typically created after the drilling and production of a well has commenced. It includes essential details such as the well's legal description, operators' information, interest owners' names, addresses, and respective ownership percentages. These percentages indicate each owner's proportionate share of the revenue generated by the sale of oil or gas produced from the well. Keywords: Massachusetts Division Order, legal document, ownership percentages, distribution, oil, gas, royalties, interest holders, contractual agreement, operators, interest owners, production, drilling, well, legal description, revenue. Different types of Massachusetts Division Orders may include: 1. Standard Massachusetts Division Order: This is the most common type of division order, which outlines the ownership percentages and royalties for the interest owners in a specific well in Massachusetts. 2. Amended Massachusetts Division Order: This type of division order is issued when there are changes in the ownership percentages or other crucial aspects mentioned in the original division order. It reflects any modifications made since the initial document was created. 3. Ratified Massachusetts Division Order: In situations where an original division order was not executed correctly or was missing some required information, a ratified division order is issued to rectify the errors and ensure accurate distribution of royalties. 4. Revoked Massachusetts Division Order: This type of division order is issued when the previous division order becomes invalid due to changes in ownership, termination of an agreement, or the cessation of production from the well. 5. Supplemental Massachusetts Division Order: A supplemental division order is created when there are additional interest owners added to the existing group or when new wells are connected to the original well-being addressed in the division order. Keywords: Massachusetts Division Order, standard, amended, ratified, revoked, supplemental, ownership percentages, royalties, interest owners, distribution, changes, rectify, errors, accurate.
Massachusetts Division Order
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How to fill out Massachusetts Division Order?
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