Fulton Georgia Division Order is a legal document that helps administer the distribution of oil and gas revenues among various mineral-interest owners within a specific geographic area in Fulton County, Georgia. It identifies the property, outlines ownership interests, and provides instructions on how revenue should be allocated and distributed. Keywords: 1. Fulton Georgia: Refers to the county located in the state of Georgia, United States. 2. Division Order: A legal instrument used in the oil and gas industry that dictates the allocation and distribution of revenues among mineral-interest owners. 3. Property: The specific oil and gas property located within Fulton County, Georgia, for which the Division Order is being created. 4. Ownership Interests: The individuals or entities having legal ownership rights or interests in the oil and gas property. 5. Revenue Allocation: The process of dividing and distributing the income generated from oil and gas production among the various mineral-interest owners. 6. Revenue Distribution: The actual disbursement of the allocated revenues to the respective mineral-interest owners. 7. Mineral-Interest Owners: Individuals or entities holding legal rights to receive a share of the revenues generated from oil and gas production on the property. Different Types of Fulton Georgia Division Orders: 1. Individual Division Order: This type of Division Order is issued to an individual mineral-interest owner or leaseholder, specifying their specific ownership interest and revenue allocation. 2. Joint Division Order: When multiple mineral-interest owners or leaseholders hold a joint interest in the property, a joint Division Order is issued, outlining their proportional ownership shares and revenue allocations. 3. Master Division Order: In cases where there are numerous smaller ownership interests within the property, a master Division Order is created to consolidate and simplify the revenue allocation and distribution process. 4. Amended Division Order: If any changes occur in the ownership interests or revenue allocation, an amended Division Order is issued to reflect these modifications. Overall, a Fulton Georgia Division Order serves as a crucial legal document in ensuring fair and transparent revenue distribution among mineral-interest owners and plays a significant role in facilitating the smooth operation of oil and gas production within Fulton County, Georgia.
Fulton Georgia Division Order
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