Ohio Bonus Receipt, Lease Ratification, and Rental Division Order by Mineral Owner

State:
Multi-State
Control #:
US-OG-321
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the owner of bonus, rentals, and royalties in the Lands, desires to adopt, ratify, and confirm the Lease and acknowledge receipt of the bonus paid for the Lease.
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FAQ

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. Division Order - ConocoPhillips conocophillips.com ? us-interest-owners ? di... conocophillips.com ? us-interest-owners ? di...

A division order is a contract between you and the operator (an oil and gas company). Typically, receiving a division order means that the operator is about to drill, or that the operator has already drilled a well and your minerals are producing. The Division Order?What Every Mineral Owner Should Know Graft & Walraven ? the-division-order-what-every... Graft & Walraven ? the-division-order-what-every...

To ?ratify? a lease means that the landowner and oil & gas producer, as current lessor and lessee of the land, agree (or re-agree) to the terms of the existing lease.

A division order analyst works for a petroleum company and oversees company records. As a division order analyst, you establish, prepare, review, approve, and maintain documents regarding production and land ownership for royalty owners. You generally work as a part of the land department at an oil company. Division Order Analyst: What Is It? and How to Become One? - ZipRecruiter ziprecruiter.com ? Career ? What-Is-How-to... ziprecruiter.com ? Career ? What-Is-How-to...

The decimal interest is calculated by dividing the number of acres the landowner has in the unit by the total number of acres in the unit, multiplied by the royalty percentage under the gas lease. What is a Division Order? - Marshall, Parker & Weber Marshall, Parker & Weber ? gas-law-resources ? di... Marshall, Parker & Weber ? gas-law-resources ? di...

A Division Order is an instrument which sets forth the proportional ownership in produced hydrocarbons, including crude oil, natural gas, and NGL's. Sometimes the Division Order is referred to as a division of interest. More often than not, a single well or lease will have multiple owners.

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Ohio Bonus Receipt, Lease Ratification, and Rental Division Order by Mineral Owner