Wisconsin Oil and Gas Division Order

State:
Multi-State
Control #:
US-OG-323
Format:
Word; 
Rich Text
Instant download

Description

This form is used to determine revenue payments and is issued to interest owners for a signature. The form includes the name of the interest owner, the interest for each interest owner, a legal description of the property, and the operator's name.
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How to fill out Oil And Gas Division Order?

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FAQ

Position Summary The Work Order Analyst is responsible for processing and closing work orders in addition to performing reconciliations. This position will also Purchasing with PO processing, inquiries and reconciliations as they apply to Work Orders.

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.

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.

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.

Division of interest (DOI) identifies the partners and their percent of interest within a joint venture.

An order analyst is responsible for acknowledging customers' orders, processing payments, and ensuring the correct quantity of items before distribution. Order analysts monitor the adequacy of warehouse inventories and inspect the condition and proper labeling of items before release to prevent potential complaints.

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 analyst works for a petroleum company and oversees company records. As a division order analyst, you establish, prepare, review, approve, and maintain documents regarding production and land ownership for royalty owners. You generally work as a part of the land department at an oil company.

The Division Order is a document whereby the revenue distributor (either the Operator or the 1st Purchaser) and the recipient (the royalty owner) agree on the exact decimal interest (Net Revenue Interest or NRI) owned within a well, lease, production unit, or field-wide unit.

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Wisconsin Oil and Gas Division Order