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Online solutions help you to manage your record administration along with raise the efficiency of the workflows. Stick to the fast guide to do NADOA Model Form Division Order, steer clear of blunders along with furnish it in a timely manner:

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Video instructions and help with filling out and completing Oklahoma division orders

FAQ

What is a mineral division order?
A division order is a contract between you and the operator (an oil and gas company). Typically, receiving a division order means that the operator is about to drill, or that the operator has already drilled a well and your minerals are producing.
How do you get a division order?
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.
What is a division of interest?
Division Of Interest (DOI) DOI is frequently-used as an umbrella term to capture the joint ownership and how responsibilities and rewards for a given oil & gas asset (i.e. well) are split. Who pays for what portion of the costs and who is entitled to the produced hydrocarbons are dictated by a well's DOI.
What is so hard about division rights?
It is sometimes hard to get to the right person with the company who can explain it. Usually, the division order or the accompanying letter has a number to call, or the company may have a royalty owner hotline that can be found on its website. Second, read and understand the language in the division order.
What is the purpose of a division order?
The main purpose of a division order is to protect the payor of the proceeds of production from double liability.
What is a division order?
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.
What does a division order mean?
A Division Order is an instrument which sets forth the proportional ownership in produced hydrocarbons, including crude oil, natural gas, and NGL's. Sometimes the Division Order is referred to as a division of interest. More often than not, a single well or lease will have multiple owners.
How do you calculate mineral interest?
February 12, 2022 The Formula. Decimal Interest = (Net Mineral Acres ÷ Drilling Unit Acres) x Royalty Rate Finding Your Net Mineral Acres. Your net mineral acreage is found in the Mineral Deeds or other property deed information Finding the Drilling Unit Acres Finding Your Royalty Rate Where to Find More Information.
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