This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Maine Division Orders are legal documents related to the distribution of proceeds from oil and gas production within the state of Maine. These orders determine the proportionate share of revenues to be paid to individual owners or interest holders in a particular oil or gas well. Maine Division Orders provide detailed information regarding the ownership interests in a given well, the specific percentage or decimal interest that each owner holds, and the corresponding allocation of production revenues. These orders play a crucial role in ensuring fair and accurate distribution of proceeds among the various interest holders. There are different types of Maine Division Orders that may be issued based on specific circumstances or requirements: 1. Standard Division Orders: These are the most common type of division orders issued in Maine. They outline the names of the interest holders, their corresponding fractional ownership or decimal interest, and typically address the payment mechanism, mailing address, and any other relevant details needed to allocate the production revenues accurately. 2. Modified Division Orders: In certain cases, modifications may be made to standard division orders. This could include changes to the payment terms, adjusting the fractional interest based on subsequent ownership changes, or addressing specific needs that deviate from the usual requirements. 3. Suspense Division Orders: In situations where the ownership of a mineral interest is ambiguous or disputed, a suspense division order may be issued. This type of order allows for the continued production and sale of oil or gas from the well while the ownership issue is resolved. Proceeds from production are held in suspense until a clear determination is made regarding the rightful interest holders. 4. Division Order Title Opinions: These are legal opinions produced by qualified attorneys specializing in oil and gas law. They provide a detailed analysis of the title for a particular oil or gas well, verifying the ownership interests and assessing any potential issues, such as competing claims, encumbrances, or defects in the chain of title. Division Order Title Opinions are valuable tools for ensuring accurate division order distribution and minimizing potential disputes. Maine Division Orders are crucial documents that create a framework for fair distribution of oil and gas proceeds. They provide transparency and accountability to all parties involved, ensuring accurate allocation of revenues in accordance with the ownership interests.
