Tennessee Oil and Gas Division Order
Description
How to fill out Oil And Gas Division Order?
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FAQ
The vast majority of drilling operations in Tennessee are standard vertical tests drilled with air rotary equipment that vary in depth from 2,000 feet to 6,000 feet.
To own oil or any other mineral coming from your land, you must have mineral rights in addition to your property rights. In other countries, the government has a sovereign claim over all mineral rights. In the United States, private individuals can own mineral rights, unless already reserved by the government.
Most of the oil wells in Tennessee are in the Appalachian Basin in the northeastern part of the state. Tennessee has one petroleum refinery, located in Memphis, which can process about 180,000 barrels of crude oil per calendar day and accounts for about 1% of U.S. refining capacity.
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.
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.
Although only about 15 percent of the state is actively producing oil or gas, geologists believe a much larger percentage of the state has the potential to produce crude oil and/or natural gas.
A Division Order is an instrument which sets forth the proportional ownership in produced hydrocarbons, including crude oil, natural gas, and NGL's. Sometimes the Division Order is referred to as a division of interest.
As of February 2013, there are fracking wells in Anderson, Campbell, Fentress, Morgan, Overton, Pickett, Scott, and Union counties in Tennessee. Atlas Energy has bought up 105,000 acres in eastern Tennessee. The company believes that this property could contain up to 500 potential horizontal drilling locations.