Utah Division Order is a legal document that outlines the ownership interests and distribution of proceeds for oil and gas production in the state of Utah. It serves as an agreement between the operator of the oil or gas well and the interest owners, ensuring fair allocation of the revenue generated from the production. Keywords: 1. Utah Division Order 2. Oil and gas production 3. Ownership interests 4. Distribution of proceeds 5. Agreement 6. Operator 7. Interest owners 8. Revenue allocation 9. Fair allocation There are a few types of Utah Division Orders that can be classified based on specific criteria: 1. Individual Division Order: This type is issued to an individual interest owner who holds a specific ownership interest in the production. It outlines their unique ownership percentage and the proportional revenue they are entitled to receive. 2. Joint Division Order: When multiple individuals jointly own an interest in an oil or gas well, a Joint Division Order is issued. It specifies the proportionate distribution of revenue amongst the joint owners and serves as an agreement between them and the operator. 3. Master Division Order: In situations where a single owner possesses multiple interests across various wells or leases, a Master Division Order is utilized. It consolidates the ownership interests and provides a comprehensive overview of the revenue distribution for all properties. 4. Division Order Title Opinion: This is a legal document prepared by an attorney, summarizing the validity and accuracy of the title ownership of the interest owners. It ensures that everyone listed on the Division Order has a legitimate claim to the revenue distribution. Utah Division Orders are crucial for maintaining transparency and facilitating fair revenue allocation in the oil and gas industry. They protect the rights of interest owners and establish clear guidelines for the operator, promoting a mutually beneficial relationship between all parties involved.
Utah Division Order
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