Oregon Oil and Gas Division Order
Description
How to fill out Oil And Gas Division Order?
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FAQ
The division order describes the minerals, it asks for information about yourself, and often asks you to agree to certain things related to the payment of royalties. But beware, in Oklahoma you are not required to sign and return a division order. In fact, you may be unnecessarily impairing or giving away your rights.
Petroleum. Washington has the fifth-largest crude oil refining capacity in the nation. Washington does not have any crude oil reserves or production. Even though oil exploration in the state began in 1900, drillers found only small amounts of crude oil, and the state has not produced any crude oil since the early 1960s ...
Oregon does not have any crude oil reserves or production and its only crude oil refinery closed in 2008. The Puget Sound refineries in the state of Washington provide about 90% of the refined petroleum products, such as motor gasoline, distillate fuel oil (diesel), and jet fuel, used in Oregon.
While the current system of supplying and distributing petroleum products in Oregon is effective, the state has virtually no refining capacity and no crude oil reserves; therefore, Oregon faces unique challenges in the event of a petroleum shortage.
A division order is a contract between you and the operator (an oil and gas company). Typically, receiving a division order means that the operator is about to drill, or that the operator has already drilled a well and your minerals are producing.
Hydroelectric power makes up the largest portion of Oregon's electricity resource mix, followed by coal and natural gas.
Oregon does not have any crude oil reserves or production and its only crude oil refinery closed in 2008. The Puget Sound refineries in the state of Washington provide about 90% of the refined petroleum products, such as motor gasoline, distillate fuel oil (diesel), and jet fuel, used in Oregon.
A Division order is an instrument that records an owner's interest in a specific well. It should include the name of the well, the well number, interest type, and your decimal interest.
The payor may not require a division order, however, that requires much more than is necessary for it to verify the interest you claim to be entitled to. You may insist that the payor submit a division order containing no more than is required by Texas law.
Division of interest (DOI) identifies the partners and their percent of interest within a joint venture.