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.
Tarrant Texas Division Orders play a crucial role in the oil and gas industry, specifically in Tarrant County, Texas. A division order is a legal document that outlines the rights and responsibilities of both the oil and gas company and the mineral owner in regard to their respective interests in a producing oil or gas well. In Tarrant County, there are primarily three types of division orders: 1. Tarrant County Gas Division Orders: These division orders pertain specifically to gas production within the county. They establish the terms and conditions for the payment of royalties to the mineral owners based on the sale of natural gas extracted from the designated wells. 2. Tarrant County Oil Division Orders: Oil division orders are relevant when oil production is the primary focus within Tarrant County. They establish the rights and obligations of both the oil company and the mineral owner, including the payment of royalties based on the sale of extracted oil. 3. Tarrant County Oil and Gas Division Orders: These division orders cover wells that produce both oil and gas simultaneously. They outline the specifics for both types of production, including the calculation and payment of appropriate royalties based on the sales of oil and natural gas. These division orders are required to be signed by the mineral owners to confirm their interest in the production and ensure accurate distribution of royalties. They contain essential information such as the legal description of the property, the decimal interest owned by the mineral owner, the well(s) included in the agreement, and the terms of payment. Keywords: Tarrant County, Texas, Division Orders, oil and gas industry, mineral owner, producing oil or gas well, Tarrant County Gas Division Orders, Tarrant County Oil Division Orders, Tarrant County Oil and Gas Division Orders, royalties, natural gas, extracted oil, legal document, rights and responsibilities, payment, sales, well(s), legal description, decimal interest.Tarrant Texas Division Orders play a crucial role in the oil and gas industry, specifically in Tarrant County, Texas. A division order is a legal document that outlines the rights and responsibilities of both the oil and gas company and the mineral owner in regard to their respective interests in a producing oil or gas well. In Tarrant County, there are primarily three types of division orders: 1. Tarrant County Gas Division Orders: These division orders pertain specifically to gas production within the county. They establish the terms and conditions for the payment of royalties to the mineral owners based on the sale of natural gas extracted from the designated wells. 2. Tarrant County Oil Division Orders: Oil division orders are relevant when oil production is the primary focus within Tarrant County. They establish the rights and obligations of both the oil company and the mineral owner, including the payment of royalties based on the sale of extracted oil. 3. Tarrant County Oil and Gas Division Orders: These division orders cover wells that produce both oil and gas simultaneously. They outline the specifics for both types of production, including the calculation and payment of appropriate royalties based on the sales of oil and natural gas. These division orders are required to be signed by the mineral owners to confirm their interest in the production and ensure accurate distribution of royalties. They contain essential information such as the legal description of the property, the decimal interest owned by the mineral owner, the well(s) included in the agreement, and the terms of payment. Keywords: Tarrant County, Texas, Division Orders, oil and gas industry, mineral owner, producing oil or gas well, Tarrant County Gas Division Orders, Tarrant County Oil Division Orders, Tarrant County Oil and Gas Division Orders, royalties, natural gas, extracted oil, legal document, rights and responsibilities, payment, sales, well(s), legal description, decimal interest.
