The Missouri Oil and Gas Division Order is a legal document that determines the proportional share of oil and gas revenues that each owner or interest holder is entitled to receive from a particular well or lease in the state of Missouri. It is typically created and implemented by the Missouri Oil and Gas Conservation Commission. The division order is a vital mechanism in ensuring fair distribution of revenue among all parties involved in the production of oil and gas. It outlines the ownership interests, both working interests and royalty interests, and calculates the percentage of revenue each party is entitled to receive based on their ownership stake. Keywords: Missouri, Oil and Gas, Division Order, legal document, proportional share, oil and gas revenues, interest holder, well, lease, Missouri Oil and Gas Conservation Commission, distribution of revenue, ownership interests, working interests, royalty interests, ownership stake. Different types of Missouri Oil and Gas Division Orders include: 1. Joint Interest Division Order: This type of division order is used when multiple parties own working interests in a well or lease. It outlines the proportion of revenue each party is entitled to receive based on their respective ownership percentages. 2. Royalty Division Order: A royalty division order is employed when a party holds a royalty interest in an oil or gas well or lease. This document establishes the proportion of revenue that the royalty owner will receive from the production of oil and gas. 3. Non-Participating Royalty Interest (NPR) Division Order: When an individual or entity owns a royalty interest in a well or lease but does not have an active working interest, they are considered a non-participating royalty interest owner. The division order for NPR owners specifies the percentage of revenue they will receive from the production without any operational responsibilities. 4. Unitized Division Order: In cases where multiple wells or leases are unitized or combined into a single unit for efficient operations, an unitized division order is used. It outlines the proportional share of revenue that each interest owner will receive from the overall production of the unit. Keywords: Joint Interest Division Order, Royalty Division Order, Non-Participating Royalty Interest, NPR, Unitized Division Order, multiple parties, working interests, royalty interest, revenue, production, operational responsibilities, unitized, efficiency.
Missouri Oil and Gas Division Order
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