Washington Division Order is a legal document that outlines the distribution of proceeds from the sale of oil, gas, or mineral rights in the state of Washington. It serves as an agreement between the operator and the interest owners, ensuring fair and accurate allocation of revenues. A Washington Division Order typically contains essential information such as the property name, lease numbers, legal descriptions, and well information. It provides clarity regarding the net revenue interest (NRI) and the decimal interest owned by each party involved. The NRI represents the percentage of the total production that belongs to the interest owner after deducting royalties, working interests, and taxes. The primary objective of a Washington Division Order is to minimize disputes and conflicts by establishing clear guidelines for revenue distribution. It facilitates transparency and enables the interest owners to receive their rightful share in a timely manner. Different types of Washington Division Orders include: 1. Non-Participating Royalty (NPR) Division Order: This type of order is applicable when a party holds a royalty interest but does not hold an operating interest. The NPR Division Order ensures the accurate calculation and allocation of royalty payments. 2. Overriding Royalty Interest (ORRIS) Division Order: In cases where there is an ORRIS, typically held by a non-operating interest owner, an ORRIS Division Order is used. It outlines the terms and conditions for allocating overriding royalty interests. 3. Working Interest (WI) Division Order: When an interest owner holds both the operating and royalty interest, a Working Interest Division Order is employed. It reflects the allocation of proceeds based on the interest owner's working interest. To sum up, a Washington Division Order is a crucial document that establishes the framework for proper revenue distribution among interest owners in oil, gas, or mineral rights. It helps maintain fairness, transparency, and smooth operations in the energy sector of Washington state.
Washington Division Order
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