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.
New Hampshire Division Orders are legal documents that outline the distribution of revenues derived from the production of oil and gas in the state of New Hampshire. These orders are crucial for the efficient management and payment of royalties to mineral owners within a specific well or drilling unit. In New Hampshire, there are primarily three types of division orders: 1. Initial Division Orders: These are issued at the beginning of production from a well or drilling unit. They establish the proportionate interest and ownership share of each mineral owner, also known as an interest owner, in the oil and gas produced. Initial division orders are based on the lease agreements and provide the necessary instructions for subsequent revenue disbursement. 2. Supplemental Division Orders: These are issued when changes occur in the ownership structure or interest percentages within a well or drilling unit. These changes can happen due to new leases, assignments, estate transfers, or changes in working interest ownership. Supplemental division orders ensure that the revenue distribution accurately reflects the updated ownership interests. 3. Amended Division Orders: These orders are issued to correct and update information contained in the initial or supplemental division orders. This can include changes in contact information, ownership percentages, or other details necessary for proper revenue allocation. Amended division orders assist in maintaining accurate records and ensuring timely payments to mineral owners. Keywords: New Hampshire, division orders, oil and gas production, royalties, mineral owners, well, drilling unit, interest owner, revenue disbursement, lease agreements, supplemental division orders, amended division orders, ownership structure, interest percentages, working interest ownership, accurate records, timely payments.
