Allegheny Pennsylvania Division Order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• County: Allegheny
• Control #: US-OG-068
• Format: Word; Rich Text

Description

This is the model form which many companies now use. Allegheny Pennsylvania Division Order is a legal document that is commonly used in the oil and gas industry to allocate and distribute the revenues generated from the production of oil and gas among the various interest owners in a drilling unit located in Allegheny County, Pennsylvania. The Division Order essentially outlines the ownership interests of all the parties involved in the drilling unit, including the leasehold interest owners and the royalty interest owners. It specifies the percentage of ownership each party holds in the unit and the corresponding share of the proceeds they are entitled to receive. The Division Order also includes important information such as the legal description of the drilling unit, well name, API number, lease number, and details about the operator and the working interest owners. It lists the specific tracts of land in Allegheny County where the leasehold interests are located, along with the corresponding net acres and fraction of ownership. This document is crucial for ensuring accurate and fair distribution of the revenues generated from the oil and gas production. It serves as a legal agreement between the operator and the interest owners, providing transparency and clarity in the allocation process. While there may not be different types of Allegheny Pennsylvania Division Order specifically, there can be variations in the content and format of these documents depending on the specific agreement and circumstances. Some other types of division orders that can be found within the oil and gas industry include Joint Operating Division Orders, Unit Division Orders, and Modified Division Orders, each catering to different operational requirements and structures.

Allegheny Pennsylvania Division Order is a legal document that is commonly used in the oil and gas industry to allocate and distribute the revenues generated from the production of oil and gas among the various interest owners in a drilling unit located in Allegheny County, Pennsylvania. The Division Order essentially outlines the ownership interests of all the parties involved in the drilling unit, including the leasehold interest owners and the royalty interest owners. It specifies the percentage of ownership each party holds in the unit and the corresponding share of the proceeds they are entitled to receive. The Division Order also includes important information such as the legal description of the drilling unit, well name, API number, lease number, and details about the operator and the working interest owners. It lists the specific tracts of land in Allegheny County where the leasehold interests are located, along with the corresponding net acres and fraction of ownership. This document is crucial for ensuring accurate and fair distribution of the revenues generated from the oil and gas production. It serves as a legal agreement between the operator and the interest owners, providing transparency and clarity in the allocation process. While there may not be different types of Allegheny Pennsylvania Division Order specifically, there can be variations in the content and format of these documents depending on the specific agreement and circumstances. Some other types of division orders that can be found within the oil and gas industry include Joint Operating Division Orders, Unit Division Orders, and Modified Division Orders, each catering to different operational requirements and structures.