North Dakota Royalty Owner's Supplement to Purchaser's Division order or Transfer order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• Control #: US-OG-070
• Format: Word; Rich Text

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. The North Dakota Royalty Owner's Supplement to Purchaser's Division Order or Transfer Order is a vital legal document that outlines the rights and responsibilities of royalty owners in North Dakota. This comprehensive supplement serves as an addendum to the original Purchaser's Division Order or Transfer Order and contains pertinent information specifically related to royalty interests in North Dakota. As an oil and gas-producing state, North Dakota offers various types of royalty owner supplements to cater to different scenarios and contingencies. Some common types include: 1. Standard Supplement: The standard supplement is the most frequently used document, providing a detailed breakdown of the royalty interests, payments, deductions, and other essential terms and conditions. 2. Revised Supplement: In case of any modifications or revisions to the original division order or transfer order, a revised supplement is issued. This document reflects the changes made and ensures all parties involved are aware of the updated terms. 3. Limited Liability Supplement: A limited liability supplement is relevant when the royalty owner seeks protection from personal liability for any environmental damages or accidents resulting from oil and gas operations on their property. 4. Surface Use Supplement: If the oil and gas development activities involve surface use, a surface use supplement is added to address matters such as access, compensation, and mitigation of the surface impacts. 5. Right of Way (ROW) Supplement: When constructing pipelines or transmission infrastructure, a ROW supplement is attached to the division order or transfer order to specify the terms and conditions regarding the right of way easement. The North Dakota Royalty Owner's Supplement ensures clarity for all parties involved in oil and gas transactions, safeguarding the interests and rights of the royalty owners. It contains critical information like the specific well or lease names, legal descriptions of the property, payment obligations, decimal interests, and any special provisions or conditions. Furthermore, this important supplement document provides guidance on how to address discrepancies or disputes related to royalty calculations, volumes, price differentials, and other contentious matters. It aims to maintain fairness, transparency, and accuracy in the payment of royalties by oil and gas purchasers to the North Dakota royalty owners. In conclusion, the North Dakota Royalty Owner's Supplement to Purchaser's Division Order or Transfer Order is a critical legal instrument used in the oil and gas industry. It ensures that all parties involved have a comprehensive understanding of their rights and responsibilities while providing transparency and protection for the North Dakota royalty owners.

The North Dakota Royalty Owner's Supplement to Purchaser's Division Order or Transfer Order is a vital legal document that outlines the rights and responsibilities of royalty owners in North Dakota. This comprehensive supplement serves as an addendum to the original Purchaser's Division Order or Transfer Order and contains pertinent information specifically related to royalty interests in North Dakota. As an oil and gas-producing state, North Dakota offers various types of royalty owner supplements to cater to different scenarios and contingencies. Some common types include: 1. Standard Supplement: The standard supplement is the most frequently used document, providing a detailed breakdown of the royalty interests, payments, deductions, and other essential terms and conditions. 2. Revised Supplement: In case of any modifications or revisions to the original division order or transfer order, a revised supplement is issued. This document reflects the changes made and ensures all parties involved are aware of the updated terms. 3. Limited Liability Supplement: A limited liability supplement is relevant when the royalty owner seeks protection from personal liability for any environmental damages or accidents resulting from oil and gas operations on their property. 4. Surface Use Supplement: If the oil and gas development activities involve surface use, a surface use supplement is added to address matters such as access, compensation, and mitigation of the surface impacts. 5. Right of Way (ROW) Supplement: When constructing pipelines or transmission infrastructure, a ROW supplement is attached to the division order or transfer order to specify the terms and conditions regarding the right of way easement. The North Dakota Royalty Owner's Supplement ensures clarity for all parties involved in oil and gas transactions, safeguarding the interests and rights of the royalty owners. It contains critical information like the specific well or lease names, legal descriptions of the property, payment obligations, decimal interests, and any special provisions or conditions. Furthermore, this important supplement document provides guidance on how to address discrepancies or disputes related to royalty calculations, volumes, price differentials, and other contentious matters. It aims to maintain fairness, transparency, and accuracy in the payment of royalties by oil and gas purchasers to the North Dakota royalty owners. In conclusion, the North Dakota Royalty Owner's Supplement to Purchaser's Division Order or Transfer Order is a critical legal instrument used in the oil and gas industry. It ensures that all parties involved have a comprehensive understanding of their rights and responsibilities while providing transparency and protection for the North Dakota royalty owners.