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.
Lewisville Texas Division Orders are legal documents that establish the rights and obligations of royalty interest owners in relation to oil and gas production within the geographical boundaries of Lewisville, Texas. These division orders allocate the revenue generated from the sale of oil and gas among the various parties who have a financial interest in the production. Keywords: Lewisville Texas, division orders, royalty interest owners, oil and gas production, revenue, financial interest. Types of Lewisville Texas Division Orders: 1. Standard Division Orders: Standard division orders are the most common type used in Lewisville, Texas. They specify the royalty interest percentage that each owner is entitled to receive based on their ownership share in the land or mineral rights. These division orders also outline the terms of payment, including the frequency and method of distribution. 2. Supplementary Division Orders: Sometimes, additional provisions are required to address unique circumstances or complex ownership structures. Supplementary division orders are additional documents that supplement the standard division orders. These may include specific provisions related to joint venture agreements, pooling arrangements, or overriding royalty interests. 3. Division Orders for Non-Participating Royalty Interest (NPR) Owners: Non-participating royalty interest owners are individuals or entities that hold a royalty interest in a lease but do not have the right to make decisions regarding oil and gas production. Division orders for NPR owners typically outline their specific royalty interest percentage and the terms of payment. 4. Division Orders for Working Interest Owners: Working interest owners have both the financial responsibility and the right to make decisions regarding oil and gas production. Division orders for working interest owners differ from standard division orders as they not only allocate revenue but also outline their operational obligations and responsibilities, such as their share of the expenses associated with drilling, production, and maintenance. 5. Division Orders for Overriding Royalty Interest (ORRIS) Owners: Overriding royalty interest owners hold an interest in the production of oil and gas separate from the land or mineral rights' owner. Division orders for ORRIS owners establish their royalty interest percentage and the terms of payment, similar to standard division orders. In summary, Lewisville Texas Division Orders are legal documents that define the rights and obligations of royalty interest owners in oil and gas production within Lewisville, Texas. These division orders allocate revenue and establish payment terms for various types of owners, including standard, supplementary, non-participating royalty, working interest, and overriding royalty interest owners.Lewisville Texas Division Orders are legal documents that establish the rights and obligations of royalty interest owners in relation to oil and gas production within the geographical boundaries of Lewisville, Texas. These division orders allocate the revenue generated from the sale of oil and gas among the various parties who have a financial interest in the production. Keywords: Lewisville Texas, division orders, royalty interest owners, oil and gas production, revenue, financial interest. Types of Lewisville Texas Division Orders: 1. Standard Division Orders: Standard division orders are the most common type used in Lewisville, Texas. They specify the royalty interest percentage that each owner is entitled to receive based on their ownership share in the land or mineral rights. These division orders also outline the terms of payment, including the frequency and method of distribution. 2. Supplementary Division Orders: Sometimes, additional provisions are required to address unique circumstances or complex ownership structures. Supplementary division orders are additional documents that supplement the standard division orders. These may include specific provisions related to joint venture agreements, pooling arrangements, or overriding royalty interests. 3. Division Orders for Non-Participating Royalty Interest (NPR) Owners: Non-participating royalty interest owners are individuals or entities that hold a royalty interest in a lease but do not have the right to make decisions regarding oil and gas production. Division orders for NPR owners typically outline their specific royalty interest percentage and the terms of payment. 4. Division Orders for Working Interest Owners: Working interest owners have both the financial responsibility and the right to make decisions regarding oil and gas production. Division orders for working interest owners differ from standard division orders as they not only allocate revenue but also outline their operational obligations and responsibilities, such as their share of the expenses associated with drilling, production, and maintenance. 5. Division Orders for Overriding Royalty Interest (ORRIS) Owners: Overriding royalty interest owners hold an interest in the production of oil and gas separate from the land or mineral rights' owner. Division orders for ORRIS owners establish their royalty interest percentage and the terms of payment, similar to standard division orders. In summary, Lewisville Texas Division Orders are legal documents that define the rights and obligations of royalty interest owners in oil and gas production within Lewisville, Texas. These division orders allocate revenue and establish payment terms for various types of owners, including standard, supplementary, non-participating royalty, working interest, and overriding royalty interest owners.
