While not required, having a lawyer look it over can save you a headache down the road. It’s like having a trusted friend guide you through tricky waters.
If you skip signing, you may miss out on your share of the profits. It’s like having a ticket to a concert but not showing up!
Absolutely! If you find errors or your situation changes, you can request updates. Just reach out to the operator and they’ll guide you through it.
You’ll want to check that your ownership percentage is correct and that all relevant details are in place. It's like double-checking the recipe before you bake!
You typically receive a Division Order from the operator of the oil or gas well once it’s been drilled. They’ll send it your way when it’s time to settle up.
If you own mineral rights or land, a Division Order ensures you receive your fair share of the profits. It’s your ticket to the game!
Division Orders are legal documents that determine how profits from oil and gas are divided among landowners and others involved. They’re like a blueprint for sharing the pie.