The Iowa Division Orders play a crucial role in the state's oil and gas industry by outlining the distribution of production proceeds among the various interest owners within a drilling unit. These legal documents provide a detailed description of the interests, royalties, and payments associated with oil and gas production in Iowa. The primary purpose of Iowa Division Orders is to establish the ownership percentage of each interest owner in a specific drilling unit, which determines their share of production revenues. It ensures fair and accurate distribution of proceeds by specifying the decimal interest owned by each party. Keywords: Iowa Division Orders, oil and gas industry, production proceeds, interest owners, drilling unit, interests, royalties, payments, production, revenues, share, decimal interest. There are two main types of Iowa Division Orders: 1. Working Interests Division Orders: Working interest owners are typically oil and gas companies or individuals who have invested capital in the drilling and production activities within a unit. These division orders specify the percentage of the working interest owned by each party and their corresponding share of production revenues. Keywords: Working interests, oil and gas companies, individuals, capital, drilling, production activities, unit, percentage, share, revenues. 2. Royalty Interests Division Orders: Royalty interest owners are individuals or entities who do not have an operational or financial obligation in the drilling unit but hold the rights to a specific share of the revenue from the oil and gas produced. These division orders specify the percentage of the royalty interest owned by each party and their corresponding share of production revenues. Keywords: Royalty interests, individuals, entities, operational, financial obligation, drilling unit, rights, revenue, share. It is important to note that the content and structure of Iowa Division Orders may vary depending on specific lease agreements, operator preferences, and the Iowa Revised Code governing oil and gas operations in the state.
Iowa Division Orders
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The department was created in 1986 [Iowa Code Chapter 10A] to coordinate and conduct various audits, appeals, hearings, inspections, and investigations related to the operations of the Executive Branch of Iowa State Government.
How to File an Appeal. You must file an appeal in writing within 60 days of the date on the Notice of Assessment (or refund denial letter). You must file this appeal within the 60 days, even if you continue to communicate with the auditor or examiner.
To protest an equalization order, you must file a Petition to Local Board of Review - Equalization Session form with the local board of review. The form must be filed between October 9 and October 31. The board of review may adjust all or part of the percentage increase that resulted from the equalization order.
FMNP Vendor Information Be 18 years of age or older. Reside and grow in Iowa or in an out-of-state county that touches Iowa's border. Submit a vendor application every year. Complete training every 3 years. Participate in at least one authorized farmers market or farmstand for a majority of the season.
If the statewide increase in values of homes and farms exceeds 3% due to revaluation, their values are "rolled back" so that the total increase statewide is 3%. Rollback is also available for industrial and commercial property when necessary. This does not mean that the assessment on your home will increase by only 3%.
Call or Visit the Department Visit the Department. Hoover State Office Building - 1st Floor. 1305 E. Walnut. Des Moines, IA 50319. ... Fax Options. Business Registration: 515-281-3906. Collections, after appeal period expires: 515-725-0264.
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