A Wyoming Division Order is a legal document that establishes the rights and distribution of royalty payments to mineral interest owners in the state of Wyoming. It outlines the specific portions or divisions of a producing oil or gas well to which each owner is entitled. Division orders are crucial in ensuring fair and accurate allocation of royalties among all stakeholders involved in the extraction and production process. Key elements typically included in a Wyoming Division Order are: property description, legal description of the mineral interests, the name and address of the operator, decimal interest calculation, royalty payment information, and signatures of both the mineral owners and the operator. In Wyoming, there are primarily two types of Division Orders: Standard Division Orders and Modified Division Orders. 1. Standard Division Orders: These are typically used when the ownership interests are clear and straightforward. They allocate the royalties based on the proportional ownership percentage of each mineral interest owner. Standard Division Orders are commonly utilized when there are no disputes or complexities surrounding mineral ownership. 2. Modified Division Orders: These are employed when ownership interests are more complex or disputed. Modified Division Orders are specifically tailored to address unique circumstances such as ownership conflicts, unleashed interests, unresolved warship issues, or title defects. These orders often involve additional legal documentation and specific instructions to ensure that royalties are appropriately distributed. The Wyoming Division Orders serve as a crucial instrument in the oil and gas industry, providing a legal framework to allocate royalties accurately and efficiently. They aid in minimizing disputes and providing an equitable distribution of revenue among the various mineral interest owners.
Wyoming Division Orders
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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 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 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.
Hear this out loud PauseA 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.
Hear this out loud PauseThe 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.