Collin Texas Durable Power of Attorney For Limited Purpose of Executing Division orders and Transfer orders

• Category: Oil Gas and Minerals - Agent Designations
• State: Multi-State
• County: Collin
• Control #: US-OG-020
• Format: Word; Rich Text

Description

This form is described in the title. If an agent/attorney in fact signs a division order for a third party, the disburser of production will most probably call for an original of this power of attorney to accompany the signed division order, or a copy of a recorded power of attorney accompany the division order. A Collin Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants someone the authority to handle specific tasks related to division orders and transfer orders in the oil and gas industry. This power of attorney allows an individual, known as the agent or attorney-in-fact, to act on behalf of another person, typically referred to as the principal. Having a Durable Power of Attorney in place ensures that the principal's interests are protected and allows for the efficient execution of division orders and transfer orders. This legal tool is particularly useful for individuals who are unable to personally handle their affairs due to physical incapacity, illness, or other circumstances. The Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is specifically tailored to the needs of the oil and gas industry in Collin County, Texas. It grants the agent the authority to sign and execute division orders and transfer orders on behalf of the principal, allowing for the successful transfer of ownership and the proper distribution of revenue from oil and gas production. By delegating this limited authority, the principal ensures that their interests are represented in matters related to the division of interests and revenue generated from oil and gas operations. The agent is entrusted with the responsibility of liaising with relevant parties, such as oil and gas companies, landsmen, and attorneys involved in the transfer process. It is important to note that there may be different variations or types of Collin Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, depending on the specific requirements and preferences of each principal. Some common types may include: 1. Standard Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders: This is a general and standard form that grants broad authority to the agent to execute division orders and transfer orders. 2. Specific Limited Power of Attorney for Executing Division Orders: This form confers limited authority solely for executing division orders, excluding transfer orders. It may be suitable for principals who only need assistance with division order execution. 3. Limited Power of Attorney for Executing Transfer Orders: This type exclusively authorizes the agent to execute transfer orders, without granting authority for division order execution. It could be relevant for principals who primarily require assistance with the transfer of ownership. Regardless of the specific type, a Collin Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a crucial legal document in the oil and gas industry. It ensures a smooth process for the execution of division orders and transfer orders, safeguarding the principal's interests and facilitating the proper transfer of ownership and distribution of revenue from oil and gas operations.

A Collin Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants someone the authority to handle specific tasks related to division orders and transfer orders in the oil and gas industry. This power of attorney allows an individual, known as the agent or attorney-in-fact, to act on behalf of another person, typically referred to as the principal. Having a Durable Power of Attorney in place ensures that the principal's interests are protected and allows for the efficient execution of division orders and transfer orders. This legal tool is particularly useful for individuals who are unable to personally handle their affairs due to physical incapacity, illness, or other circumstances. The Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is specifically tailored to the needs of the oil and gas industry in Collin County, Texas. It grants the agent the authority to sign and execute division orders and transfer orders on behalf of the principal, allowing for the successful transfer of ownership and the proper distribution of revenue from oil and gas production. By delegating this limited authority, the principal ensures that their interests are represented in matters related to the division of interests and revenue generated from oil and gas operations. The agent is entrusted with the responsibility of liaising with relevant parties, such as oil and gas companies, landsmen, and attorneys involved in the transfer process. It is important to note that there may be different variations or types of Collin Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, depending on the specific requirements and preferences of each principal. Some common types may include: 1. Standard Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders: This is a general and standard form that grants broad authority to the agent to execute division orders and transfer orders. 2. Specific Limited Power of Attorney for Executing Division Orders: This form confers limited authority solely for executing division orders, excluding transfer orders. It may be suitable for principals who only need assistance with division order execution. 3. Limited Power of Attorney for Executing Transfer Orders: This type exclusively authorizes the agent to execute transfer orders, without granting authority for division order execution. It could be relevant for principals who primarily require assistance with the transfer of ownership. Regardless of the specific type, a Collin Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a crucial legal document in the oil and gas industry. It ensures a smooth process for the execution of division orders and transfer orders, safeguarding the principal's interests and facilitating the proper transfer of ownership and distribution of revenue from oil and gas operations.