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.
Michigan Division Orders are legal documents that outline the distribution of oil and gas revenues among interest owners in the state of Michigan. These orders determine the proportionate share of proceeds that each party is entitled to receive from the production of a well or lease. The Division Orders in Michigan are based on a precise calculation of ownership interests and often require detailed information about the property or lease in question. These documents are crucial for ensuring fair and accurate revenue distribution among multiple interest owners. Keywords: Michigan Division Orders, oil and gas revenues, interest owners, distribution, proportionate share, production, well, lease, ownership interests, calculation, property, revenue distribution. In Michigan, there are three main types of Division Orders: 1. Standard Division Orders: These are commonly used in Michigan and provide a framework for dividing oil and gas revenues among interest owners based on ownership percentages. They usually include details such as the names and addresses of all involved parties, legal descriptions of the property or lease, and clear explanations of the calculations used to determine each owner's share. 2. Modified Division Orders: These orders are tailored to fit specific circumstances or address unique requirements of a particular oil and gas lease. They may involve modifications to the standard terms and conditions, such as adjustments to revenue distribution based on specific contractual terms or special agreements among the interest owners. 3. Unitized Division Orders: Unitization involves the consolidation of multiple leases or properties into one unified unit to facilitate efficient extraction of oil and gas. Unitized Division Orders in Michigan outline the revenue distribution methodology for the unitized operations, considering the contribution of each participant based on their leasehold interests. Such orders ensure equitable distribution of production revenues among all interest owners involved in the unitized project. Keywords: Standard Division Orders, Modified Division Orders, Unitized Division Orders, oil and gas revenues, interest owners, ownership percentages, legal descriptions, calculations, standard terms and conditions, contractual terms, special agreements, unitization, consolidated leases, revenue distribution, unitized operations, equitable distribution.
