District of Columbia Division Order is a legal document that specifies the ownership interests and distribution of proceeds from the production of oil and gas in the District of Columbia. It is an integral part of the oil and gas industry and helps to manage the division of royalties and payments between various parties involved in the drilling and production process. The District of Columbia Division Order contains crucial information such as the property name, well number, lease number, and legal description of the land where the oil and gas are being produced. It also outlines the names and addresses of the royalty owners, working interest owners, and other parties entitled to a share of the production. This document ensures transparency and accountability by specifying the decimal interest or percentage owned by each party involved. It includes information about the net revenue interest, which represents the interest in the production after deducting any royalty burdens or overriding royalty interests. Different types of District of Columbia Division Orders include: 1. Royalty Interest Division Order: This type of division order is for the owners who have a royalty interest, which means they are entitled to a percentage of the produced oil and gas without any involvement in the operating costs. 2. Working Interest Division Order: This division order type is for the owners who have a working interest, meaning they bear a share of the costs and are entitled to their proportionate share of the production. They have an active role in the operations and are responsible for certain expenses. 3. Overriding Royalty Interest Division Order: This type of division order is for parties who have a non-operating interest and hold a percentage of the production, known as an overriding royalty interest. They do not bear any costs but receive a percentage of the production as specified in the division order. Overall, a District of Columbia Division Order is a crucial legal document that delineates the ownership interests and distribution of proceeds in the oil and gas industry, ensuring fair compensation to all involved parties.
District of Columbia Division Order
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A DC Resident is an individual that maintains a place of abode within DC for 183 days or more. If the individual is domiciled in the state at anytime, you are considered to be a DC resident. A DC Nonresident is an individual that did not spend any time domiciled in the state.
You can use the Washington D.C. Taxable Entity Search tool to check if your business name is available. You may also contact the Department of Consumer and Regulatory Affairs via phone at (202) 442-4400 or email at dcra@dc.gov for assistance on how to perform a Washington D.C. LLC name search.
Washington, DC, isn't a state; it's a district. DC stands for District of Columbia. Its creation comes directly from the US Constitution, which provides that the district, "not exceeding 10 Miles square," would "become the Seat of the Government of the United States."
Search registered corporations through the Department of Licensing and Consumer Protection (DLCP).
Scout, our online consolidated database allows users to find and track licenses, enforcement actions, and regulatory information on District businesses all in one place. Think of it as a one-stop shop for all your data needs. Search by street address, business name, person name, permit, or license number.
You can find your Withholding Tax Account Number on notices received from the DC Office of Tax and Revenue. If you cannot locate this document or account number, please call the District of Columbia Office of Tax and Revenue at (202) 727-4829 to request it.
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