Broward Florida Division Order

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

Description

This is the model form which many companies now use. Broward Florida Division Order is a legal document that outlines the distribution of revenue generated from the production of oil, gas, or mineral resources in Broward County, Florida. This order is typically executed between the mineral rights owner and the operator of the well or the company responsible for extracting these resources. It is an essential instrument that ensures accurate and fair distribution of royalties. The Broward Florida Division Order contains vital information pertaining to the mineral rights' owner, such as name, address, and ownership interest percentage. It also includes details about the well or lease, such as well identification numbers, legal descriptions, and drilling locations. Additionally, it outlines the specific terms and conditions regarding revenue distribution, royalty payments, and any applicable deductions. There can be different types of Broward Florida Division Orders, depending on the specific circumstances and agreements between the parties involved. Some common types include: 1. Standard Division Order: This is the most typical type of division order and is used when the mineral rights owner and the operator agree on the terms and conditions of revenue distribution. 2. Modified Division Order: In cases where there are certain modifications or adjustments needed in the revenue distribution process, a modified division order may be used. This type of order contains specific provisions or amendments to the standard division order. 3. Supplemental Division Order: This type of division order is used when there are additional changes or updates required to the original division order. It is often utilized when there are changes in ownership, lease assignments, or any other relevant updates. 4. Model Form Division Order: In some instances, a model form division order provided by a regulatory agency or industry association may be used. This type of division order ensures compliance with specific regulations or industry standards. In conclusion, Broward Florida Division Order is a crucial legal document that facilitates fair distribution of revenues generated from the extraction of oil, gas, or mineral resources in Broward County, Florida. These orders come in various types, such as standard, modified, supplemental, or model form, depending on the specific requirements and agreements between the parties involved.

Broward Florida Division Order is a legal document that outlines the distribution of revenue generated from the production of oil, gas, or mineral resources in Broward County, Florida. This order is typically executed between the mineral rights owner and the operator of the well or the company responsible for extracting these resources. It is an essential instrument that ensures accurate and fair distribution of royalties. The Broward Florida Division Order contains vital information pertaining to the mineral rights' owner, such as name, address, and ownership interest percentage. It also includes details about the well or lease, such as well identification numbers, legal descriptions, and drilling locations. Additionally, it outlines the specific terms and conditions regarding revenue distribution, royalty payments, and any applicable deductions. There can be different types of Broward Florida Division Orders, depending on the specific circumstances and agreements between the parties involved. Some common types include: 1. Standard Division Order: This is the most typical type of division order and is used when the mineral rights owner and the operator agree on the terms and conditions of revenue distribution. 2. Modified Division Order: In cases where there are certain modifications or adjustments needed in the revenue distribution process, a modified division order may be used. This type of order contains specific provisions or amendments to the standard division order. 3. Supplemental Division Order: This type of division order is used when there are additional changes or updates required to the original division order. It is often utilized when there are changes in ownership, lease assignments, or any other relevant updates. 4. Model Form Division Order: In some instances, a model form division order provided by a regulatory agency or industry association may be used. This type of division order ensures compliance with specific regulations or industry standards. In conclusion, Broward Florida Division Order is a crucial legal document that facilitates fair distribution of revenues generated from the extraction of oil, gas, or mineral resources in Broward County, Florida. These orders come in various types, such as standard, modified, supplemental, or model form, depending on the specific requirements and agreements between the parties involved.