Pima Arizona Oil and Gas Division Order

• Category: Oil Gas and Minerals - Division and Transfer Orders
• State: Multi-State
• County: Pima
• 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. Lima Arizona Oil and Gas Division Order: A Comprehensive Overview Lima, Arizona, is a region known for its significant presence in the oil and gas industry. To effectively manage the production and distribution of these valuable resources, the Lima Arizona Oil and Gas Division has implemented a system of Division Orders. These orders serve as legal documents that establish the rights and responsibilities of various parties involved in oil and gas operations within Pima County. A Division Order in Lima Arizona serves multiple purposes and outlines vital information about the rights and interests of mineral interest owners and the operators who extract and produce oil and gas. It establishes the following key aspects: 1. Ownership Interest: The Division Order specifies the ownership interest percentage that each party holds in the oil and gas produced from a particular lease or well. This information ensures that the royalty payments are accurately distributed among the owners. 2. Revenue Distribution: It lays out the framework for the division and distribution of revenue generated from the production of oil and gas. This includes details about how revenue is to be apportioned, scheduled payment terms, and other financial considerations. 3. Rights and Obligations: The Division Order defines the responsibilities and obligations of all parties involved. This includes ensuring compliance with environmental regulations, payment of taxes, liabilities, and adherence to industry standards and practices. 4. Gathered Volume and Measurement: It outlines the process for measuring and reporting the quantity of oil and gas produced from the lease or well. This information is crucial for accurately assessing royalty payments and facilitating efficient production and supply chain operations. 5. Lease and Well Information: The Division Order includes detailed information about the specific lease or well, such as legal descriptions, identification numbers, location, depth, and other relevant data. This helps in identifying and tracking oil and gas assets within Pima County. Different Types of Lima Arizona Oil and Gas Division Orders: 1. Individual Division Orders: These are specific division orders issued for each lease or well, acknowledging and documenting the rights and interests of respective owners and operators. 2. Supplemental Division Orders: When changes occur in the ownership interests or other significant aspects related to a lease or well, supplemental division orders are issued to reflect these alterations. In conclusion, the Lima Arizona Oil and Gas Division Order system plays a crucial role in facilitating the smooth operation of oil and gas production within Pima County. These orders provide a legally binding framework for the equitable distribution of revenue, establish ownership rights and responsibilities, define measurement and reporting procedures, and ensure compliance with industry regulations.

Lima Arizona Oil and Gas Division Order: A Comprehensive Overview Lima, Arizona, is a region known for its significant presence in the oil and gas industry. To effectively manage the production and distribution of these valuable resources, the Lima Arizona Oil and Gas Division has implemented a system of Division Orders. These orders serve as legal documents that establish the rights and responsibilities of various parties involved in oil and gas operations within Pima County. A Division Order in Lima Arizona serves multiple purposes and outlines vital information about the rights and interests of mineral interest owners and the operators who extract and produce oil and gas. It establishes the following key aspects: 1. Ownership Interest: The Division Order specifies the ownership interest percentage that each party holds in the oil and gas produced from a particular lease or well. This information ensures that the royalty payments are accurately distributed among the owners. 2. Revenue Distribution: It lays out the framework for the division and distribution of revenue generated from the production of oil and gas. This includes details about how revenue is to be apportioned, scheduled payment terms, and other financial considerations. 3. Rights and Obligations: The Division Order defines the responsibilities and obligations of all parties involved. This includes ensuring compliance with environmental regulations, payment of taxes, liabilities, and adherence to industry standards and practices. 4. Gathered Volume and Measurement: It outlines the process for measuring and reporting the quantity of oil and gas produced from the lease or well. This information is crucial for accurately assessing royalty payments and facilitating efficient production and supply chain operations. 5. Lease and Well Information: The Division Order includes detailed information about the specific lease or well, such as legal descriptions, identification numbers, location, depth, and other relevant data. This helps in identifying and tracking oil and gas assets within Pima County. Different Types of Lima Arizona Oil and Gas Division Orders: 1. Individual Division Orders: These are specific division orders issued for each lease or well, acknowledging and documenting the rights and interests of respective owners and operators. 2. Supplemental Division Orders: When changes occur in the ownership interests or other significant aspects related to a lease or well, supplemental division orders are issued to reflect these alterations. In conclusion, the Lima Arizona Oil and Gas Division Order system plays a crucial role in facilitating the smooth operation of oil and gas production within Pima County. These orders provide a legally binding framework for the equitable distribution of revenue, establish ownership rights and responsibilities, define measurement and reporting procedures, and ensure compliance with industry regulations.