This form is used to commence revenue payments when ownership is being transferred between parties. The Transfer Order includes the name of each interest owner, the interest for each interest owner, a legal description of the property, and the operator's name.
Puerto Rico Oil and Gas Transfer Order
State:
Multi-State
Control #:
US-OG-324
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oil And Gas Transfer Order?
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FAQ
A transfer order is a document that is used to execute the movement of goods from one warehouse location to another or the movement of goods between one storage unit and another within the warehouse. The transfer order is produced for the purpose of managing the warehouse or processing the order.
A division order is a contract between the owner of a royalty or other interest in oil and gas (payee) and the company that will be paying for royalty and other production on its sale (payor).
A Division Order is a document mailed to owners with interest in a producing well. It provides your decimal ownership interest in that specific well, and confirms current contact information.
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 transfer order contains all the information required to execute the physical transfer of materials into the warehouse, out of the warehouse, or from one storage bin to another storage bin within the warehouse. In addition, it is also used for executing logical stock transfers.