A Minnesota Division Order is a legal document that outlines the ownership interests in oil and gas production from a specific well or lease in the state of Minnesota. It serves as a record of division of revenue and interests among various owners, ensuring fair distribution of proceeds. The Minnesota Division Order typically includes essential information such as the well name, lease name, legal description of the property, date of the order, production information, and most importantly, the name and address of the owners, along with their respective ownership interest percentages. This document is created by the operator of the well and is then sent to each owner for review and signature. Key phrases and keywords related to Minnesota Division Order include legal document, ownership interests, oil and gas production, well or lease, division of revenue, fair distribution, well name, lease name, legal description, date of the order, production information, owners' information, and ownership interest percentages. Although there are no specific types of Minnesota Division Orders, as the basic purpose remains the same, they can vary in language and specific clauses included. However, the core elements remain consistent across various division orders, ensuring comprehensive and accurate representation of the property and ownership details. In conclusion, a Minnesota Division Order is a crucial legal document that establishes the ownership interests and division of revenue among owners of an oil or gas well or lease. It ensures transparency and fair distribution of proceeds, providing clarity to all involved parties in the production process.
Minnesota Division Order
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