This lease rider form may be used when none of the provisions contained in the division order shall diminish, alter, or affect the rights, titles, or interests vested in Lessor by the terms of this Lease. No division order which Lessor may be requested to sign shall contain terms other than those terms and provisions expressly allowed by any applicable statute of the state in which the lands subject to this Lease are located.
Houston Texas Division Orders refer to legal documents that establish the rights and responsibilities of individuals or entities involved in oil or gas production in Houston, Texas. These orders are essential in determining the distribution of proceeds from the sale of oil or gas from a specific oil or gas well or lease. The purpose of Houston Texas Division Orders is to provide a clear and concise description of the ownership interest each party holds within the well or lease. This helps in ensuring fair and accurate allocation of revenue among all beneficiaries. Division orders typically include important details such as the legal description of the property, well identification, production volumes, and the percentage interest of each working interest owner. There may be different types of Houston Texas Division Orders depending on the specifics of the oil or gas operations. Some common types include: 1. Individual Division Orders: These are standard division orders issued to individual well owners or working interest owners. They outline the specific ownership interest of each individual in a particular well or lease. 2. Corporate Division Orders: These division orders are issued to corporations or entities that hold working interests in oil or gas wells. They establish and formalize the ownership interest of these entities in the production proceeds. 3. Pooling Division Orders: In cases where multiple leases or properties are pooled together for the purpose of cooperative drilling or unitization, pooling division orders are used. These orders determine the proportionate share of production proceeds for each lease or property involved in the pooling arrangement. 4. Royalty Division Orders: Royalty division orders are issued to royalty interest owners who are entitled to a specified percentage of the production proceeds. These orders establish the correct royalty interest and ensure that the owners receive their rightful share of revenue. Houston Texas Division Orders play a critical role in preventing disputes and ensuring proper distribution of revenue in the oil and gas industry. They provide transparency and clarity in determining ownership interests, facilitating smooth operations and a fair return on investment for all parties involved.Houston Texas Division Orders refer to legal documents that establish the rights and responsibilities of individuals or entities involved in oil or gas production in Houston, Texas. These orders are essential in determining the distribution of proceeds from the sale of oil or gas from a specific oil or gas well or lease. The purpose of Houston Texas Division Orders is to provide a clear and concise description of the ownership interest each party holds within the well or lease. This helps in ensuring fair and accurate allocation of revenue among all beneficiaries. Division orders typically include important details such as the legal description of the property, well identification, production volumes, and the percentage interest of each working interest owner. There may be different types of Houston Texas Division Orders depending on the specifics of the oil or gas operations. Some common types include: 1. Individual Division Orders: These are standard division orders issued to individual well owners or working interest owners. They outline the specific ownership interest of each individual in a particular well or lease. 2. Corporate Division Orders: These division orders are issued to corporations or entities that hold working interests in oil or gas wells. They establish and formalize the ownership interest of these entities in the production proceeds. 3. Pooling Division Orders: In cases where multiple leases or properties are pooled together for the purpose of cooperative drilling or unitization, pooling division orders are used. These orders determine the proportionate share of production proceeds for each lease or property involved in the pooling arrangement. 4. Royalty Division Orders: Royalty division orders are issued to royalty interest owners who are entitled to a specified percentage of the production proceeds. These orders establish the correct royalty interest and ensure that the owners receive their rightful share of revenue. Houston Texas Division Orders play a critical role in preventing disputes and ensuring proper distribution of revenue in the oil and gas industry. They provide transparency and clarity in determining ownership interests, facilitating smooth operations and a fair return on investment for all parties involved.
