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US Legal Forms
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Nebraska
Omaha
Division Order

Omaha Nebraska Division Order

Category:

Oil Gas and Minerals - Division and Transfer Orders

State:

Multi-State

City:

Omaha

Control #:

US-OG-068

Format:

Word;

Rich Text

Instant download

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Description

This is the model form which many companies now use.

Free preview

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Interesting Questions

Is a Division Order legally binding?

Yes, once signed, a Division Order becomes a legally binding contract. So, it’s crucial to read the fine print carefully and ensure everything is as it should be before putting pen to paper.

Can I dispute a Division Order if I don't agree with it?

Yes, you absolutely can! If you think that a Division Order isn’t reflecting your ownership correctly, it's best to discuss it with the operator or seek legal advice to straighten things out.

What happens if there are changes to ownership?

If there’s a change in who owns the mineral rights, like selling a part of it, a new Division Order needs to be issued. It’s essential to keep everything above board and updated, just like keeping your house in order.

What information should be included in a Division Order?

A Division Order typically includes details like the names of the interest owners, percentage of ownership, and the legal description of the land. It’s like a detailed recipe for who gets a slice of the pie!

How do I get my hands on a Division Order?

You can usually obtain a Division Order through the oil and gas company or operator managing the lease. Just reach out to them, and they should be able to point you in the right direction!

Who needs to provide a Division Order?

Generally, anyone involved in the ownership of mineral rights, like owners of oil and gas leases, needs to provide a Division Order to show how revenue is split among stakeholders.

What is the Omaha Nebraska Division Order?

The Omaha Nebraska Division Order is a legal document that ensures proper distribution of royalty payments for oil and gas leases. Think of it as the road map for who gets what when it comes to profits from mineral rights.