Allegheny Pennsylvania Oil and Gas Division Order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• County: Allegheny
• Control #: US-OG-323
• Format: Word; Rich Text

Description

This form is used to determine revenue payments and is issued to interest owners for a signature. The form includes the name of the interest owner, the interest for each interest owner, a legal description of the property, and the operator's name. Allegheny Pennsylvania Oil and Gas Division Order is a legal document that governs the assignment and distribution of proceeds from oil and gas production in the Allegheny, Pennsylvania area. This division order is crucial for oil and gas companies operating in the region as it outlines the specific details and rights related to royalty payments to mineral owners. The Allegheny Pennsylvania Oil and Gas Division Order is designed to maintain transparency and accuracy in the allocation of production revenues. It specifies the respective interests and ownership percentages of the various parties involved, including the leaseholders, mineral owners, and other stakeholders. This order ensures a fair distribution of proceeds based on the proportionate share of each party in the production unit. Key information contained in the Allegheny Pennsylvania Oil and Gas Division Order includes the legal description of the land or production unit, the names and addresses of the parties involved, the percentage of interest owned by each party, the specific terms of the lease agreement, and the calculations for royalty payments. Different types of Allegheny Pennsylvania Oil and Gas Division Orders may include: 1. Initial Division Order: This type of division order is issued when a new well or production unit is established in the Allegheny region. It sets the groundwork for the allocation and distribution of proceeds among the parties involved. 2. Amended Division Order: In situations where changes occur in the ownership structure, lease terms, or other relevant factors, an amended division order may be issued. It reflects the modifications made to the original order and ensures accurate allocation of proceeds. 3. Pooling Division Order: A pooling division order is employed when multiple leaseholders or mineral owners agree to combine their interests in a production unit. It establishes an equitable distribution of proceeds among the pooled parties based on their respective ownership percentages. In summary, the Allegheny Pennsylvania Oil and Gas Division Order is a comprehensive legal document that governs the fair and transparent distribution of proceeds from oil and gas production in the region. It outlines ownership interests, lease terms, and calculations for royalty payments, among other crucial details. Different types of division orders may exist, such as initial, amended, and pooling orders, to address specific circumstances related to ownership and production structures.

Allegheny Pennsylvania Oil and Gas Division Order is a legal document that governs the assignment and distribution of proceeds from oil and gas production in the Allegheny, Pennsylvania area. This division order is crucial for oil and gas companies operating in the region as it outlines the specific details and rights related to royalty payments to mineral owners. The Allegheny Pennsylvania Oil and Gas Division Order is designed to maintain transparency and accuracy in the allocation of production revenues. It specifies the respective interests and ownership percentages of the various parties involved, including the leaseholders, mineral owners, and other stakeholders. This order ensures a fair distribution of proceeds based on the proportionate share of each party in the production unit. Key information contained in the Allegheny Pennsylvania Oil and Gas Division Order includes the legal description of the land or production unit, the names and addresses of the parties involved, the percentage of interest owned by each party, the specific terms of the lease agreement, and the calculations for royalty payments. Different types of Allegheny Pennsylvania Oil and Gas Division Orders may include: 1. Initial Division Order: This type of division order is issued when a new well or production unit is established in the Allegheny region. It sets the groundwork for the allocation and distribution of proceeds among the parties involved. 2. Amended Division Order: In situations where changes occur in the ownership structure, lease terms, or other relevant factors, an amended division order may be issued. It reflects the modifications made to the original order and ensures accurate allocation of proceeds. 3. Pooling Division Order: A pooling division order is employed when multiple leaseholders or mineral owners agree to combine their interests in a production unit. It establishes an equitable distribution of proceeds among the pooled parties based on their respective ownership percentages. In summary, the Allegheny Pennsylvania Oil and Gas Division Order is a comprehensive legal document that governs the fair and transparent distribution of proceeds from oil and gas production in the region. It outlines ownership interests, lease terms, and calculations for royalty payments, among other crucial details. Different types of division orders may exist, such as initial, amended, and pooling orders, to address specific circumstances related to ownership and production structures.