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What is division? Division is repeated subtraction. It is the process of dividing a number (dividend) with another number with the same or lesser value (divisor) to find the quotient and a remainder.If the quotient is later multiplied with the divisor, we get the dividend.

To divide cell A2 by 5: =A2/5. To divide cell A2 by cell B2: =A2/B2. To divide multiple cells successively, type cell references separated by the division symbol. For example, to divide the number in A2 by the number in B2, and then divide the result by the number in C2, use this formula: =A2/B2/C2.

Net revenue is the amount that is shared among the property owners. To determine net revenue interest, multiply the royalty interest by the owner's shared interest. For example, if you have a 5/16 royalty, your net royalty interest would be 25% multiplied by 5/16, which equals 7.8125% calculated to four decimal places.

Your decimal interest is calculated based on your royalty interest in the tract or unit on which the well is drilled.Or, you might own a non-participating royalty equal to 1/16 of the royalty reserved in any lease of the lands in the unit (a fraction of the royalty).

A division order is a record of your interest in a specific well. It contains your decimal interest, interest type, well number and well name. Division orders are issued to all that own an interest in a specific well after that well has achieved first sales of either oil or gas.

A Division Order (DO's), also known as a Division of Interest (DOI), is the instrument which details the proportional ownership of produced minerals, including oil, liquids, natural gas, etc., in a well or unitized area of production.

Your job as a Division Order Analyst is to determine each owner's share, and distribute checks accordingly. You may work for only one company, keeping detailed records about the people who own the company's equipment and resources.

Division Order

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