You can reach out to a legal expert in property law or even your oil and gas company for clarity—don't be shy to ask for a bit of guidance!
A lease allows extraction of resources, while a Division Order simply divides the profits. Think of the lease as the front door and the Division Order as how you share the room.
Checking the Division Order means looking at the percentage splits and confirming they match with your agreement. It’s worth a second glance!
Changing terms isn’t a walk in the park; you’ll likely need to negotiate with other parties involved and possibly revisit legal documentation.
If you don’t sign, you might miss out on your share of royalty payments until everything is sorted out.
Signing a Division Order ensures that you receive your fair share of royalties and that everyone involved is on the same page.
Division Orders are legal documents that explain how royalties from oil, gas, or other resources will be split among stakeholders.