Houston 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
• City: Houston
• 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 Houston Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants one individual, known as the agent or attorney-in-fact, the authority to represent and act on behalf of another individual, known as the principal. This document specifically caters to executing division orders and transfer orders in relation to oil and gas interests or assets in Houston, Texas. Once the principal signs this power of attorney, it remains valid until a specified expiration date or until it is revoked or terminated in writing. The principal may choose to designate multiple agents to act jointly or severally, meaning they can act individually without each other's involvement. This power of attorney is widely used to facilitate various administrative tasks related to oil and gas operations in Houston, Texas. Some common tasks that can be performed include executing division orders, which involve the allocation of production revenues among different interest owners, and executing transfer orders, which facilitate the transfer of ownership rights or interests in oil and gas assets. It is crucial to understand that there may be different types or variations of Houston Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders meeting specific needs or address particular situations. These variations can include: 1. General Durable Power of Attorney: This type of power of attorney grants the agent broad authority to act on behalf of the principal in executing division orders and transfer orders. It may include additional powers related to financial matters, healthcare, or other legal transactions. 2. Special Durable Power of Attorney: This type of power of attorney grants the agent limited authority to perform specific tasks related to executing division orders and transfer orders. It restricts the agent's powers only to the extent necessary for these specific purposes. 3. Limited Duration Power of Attorney: This type of power of attorney has a specified start and end date, allowing the agent to act on behalf of the principal within that timeframe. It may be useful for temporary or specific projects. 4. Joint Power of Attorney: In some cases, multiple principals may collectively grant powers to a single agent or multiple agents acting together. This joint power of attorney enables simultaneous representation and decision-making by the designated agents. When creating a Houston Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, it is highly recommended consulting with an attorney who specializes in oil and gas laws and understands the specific requirements and regulations of Houston, Texas. A tailored power of attorney can ensure that all necessary tasks related to the execution of division and transfer orders are appropriately carried out, protecting the interests of the principal.

A Houston Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders is a legal document that grants one individual, known as the agent or attorney-in-fact, the authority to represent and act on behalf of another individual, known as the principal. This document specifically caters to executing division orders and transfer orders in relation to oil and gas interests or assets in Houston, Texas. Once the principal signs this power of attorney, it remains valid until a specified expiration date or until it is revoked or terminated in writing. The principal may choose to designate multiple agents to act jointly or severally, meaning they can act individually without each other's involvement. This power of attorney is widely used to facilitate various administrative tasks related to oil and gas operations in Houston, Texas. Some common tasks that can be performed include executing division orders, which involve the allocation of production revenues among different interest owners, and executing transfer orders, which facilitate the transfer of ownership rights or interests in oil and gas assets. It is crucial to understand that there may be different types or variations of Houston Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders meeting specific needs or address particular situations. These variations can include: 1. General Durable Power of Attorney: This type of power of attorney grants the agent broad authority to act on behalf of the principal in executing division orders and transfer orders. It may include additional powers related to financial matters, healthcare, or other legal transactions. 2. Special Durable Power of Attorney: This type of power of attorney grants the agent limited authority to perform specific tasks related to executing division orders and transfer orders. It restricts the agent's powers only to the extent necessary for these specific purposes. 3. Limited Duration Power of Attorney: This type of power of attorney has a specified start and end date, allowing the agent to act on behalf of the principal within that timeframe. It may be useful for temporary or specific projects. 4. Joint Power of Attorney: In some cases, multiple principals may collectively grant powers to a single agent or multiple agents acting together. This joint power of attorney enables simultaneous representation and decision-making by the designated agents. When creating a Houston Texas Durable Power of Attorney for Limited Purpose of Executing Division Orders and Transfer Orders, it is highly recommended consulting with an attorney who specializes in oil and gas laws and understands the specific requirements and regulations of Houston, Texas. A tailored power of attorney can ensure that all necessary tasks related to the execution of division and transfer orders are appropriately carried out, protecting the interests of the principal.