Dallas Texas Oil and Gas Division Order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• County: Dallas
• 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. The Dallas, Texas Oil and Gas Division Order is a legal document that specifies the proportional interests and ownership rights of oil and gas owners in a particular well or lease located in the Dallas region of Texas. It serves as a vital agreement between the operator (the company responsible for drilling and production) and the royalty and working interest owners. The Division Order includes crucial information such as the well or lease name, location, and legal description. It also outlines precise details about the mineral owners, their respective percentage interests, and their contact information. This document acts as a vital tool for establishing proper distribution of revenues generated from production. Keywords: Dallas Texas, Oil and Gas, Division Order, legal document, proportional interests, ownership rights, well, lease, operator, royalty owners, working interest owners, distribution of revenues, production. Different types of Dallas Texas Oil and Gas Division Orders can include the following: 1. Leasehold Division Order: This type of Division Order is specific to a particular lease, outlining the ownership interests of the mineral owners in that lease. It provides crucial details about the lease boundaries and specific wells covered under the lease. 2. Well bore Division Order: Sometimes, multiple wells may be drilled within a lease, and a Well bore Division Order is required. This document specifies the particular well bore associated with the owner's interest, ensuring precise allocation of revenues. 3. Horizontal Division Order: In recent years, horizontal drilling has become prevalent in the oil and gas industry. A Horizontal Division Order is used when a horizontal well spans across multiple leases, enabling effective distribution of production and revenues to the associated mineral owners. 4. Unitization Division Order: In case of unitized operations, where multiple leases are combined into a production unit, an Unitization Division Order is applicable. It details the percentage interests of the mineral owners in the unit, ensuring equitable distribution of revenues. Keywords: Dallas Texas, Oil and Gas, Division Order, Leasehold Division Order, Well bore Division Order, Horizontal Division Order, Unitization Division Order, mineral owners, lease, well, horizontal drilling, unitized operations, production unit, ownership interests. Overall, the Dallas, Texas Oil and Gas Division Order is a vital legal agreement that establishes the ownership interests and distribution of revenues among different stakeholders in the oil and gas industry. It ensures transparency, fairness, and effective communication between operators and mineral owners to maintain a smooth and efficient production process.

The Dallas, Texas Oil and Gas Division Order is a legal document that specifies the proportional interests and ownership rights of oil and gas owners in a particular well or lease located in the Dallas region of Texas. It serves as a vital agreement between the operator (the company responsible for drilling and production) and the royalty and working interest owners. The Division Order includes crucial information such as the well or lease name, location, and legal description. It also outlines precise details about the mineral owners, their respective percentage interests, and their contact information. This document acts as a vital tool for establishing proper distribution of revenues generated from production. Keywords: Dallas Texas, Oil and Gas, Division Order, legal document, proportional interests, ownership rights, well, lease, operator, royalty owners, working interest owners, distribution of revenues, production. Different types of Dallas Texas Oil and Gas Division Orders can include the following: 1. Leasehold Division Order: This type of Division Order is specific to a particular lease, outlining the ownership interests of the mineral owners in that lease. It provides crucial details about the lease boundaries and specific wells covered under the lease. 2. Well bore Division Order: Sometimes, multiple wells may be drilled within a lease, and a Well bore Division Order is required. This document specifies the particular well bore associated with the owner's interest, ensuring precise allocation of revenues. 3. Horizontal Division Order: In recent years, horizontal drilling has become prevalent in the oil and gas industry. A Horizontal Division Order is used when a horizontal well spans across multiple leases, enabling effective distribution of production and revenues to the associated mineral owners. 4. Unitization Division Order: In case of unitized operations, where multiple leases are combined into a production unit, an Unitization Division Order is applicable. It details the percentage interests of the mineral owners in the unit, ensuring equitable distribution of revenues. Keywords: Dallas Texas, Oil and Gas, Division Order, Leasehold Division Order, Well bore Division Order, Horizontal Division Order, Unitization Division Order, mineral owners, lease, well, horizontal drilling, unitized operations, production unit, ownership interests. Overall, the Dallas, Texas Oil and Gas Division Order is a vital legal agreement that establishes the ownership interests and distribution of revenues among different stakeholders in the oil and gas industry. It ensures transparency, fairness, and effective communication between operators and mineral owners to maintain a smooth and efficient production process.