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FAQ

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.
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.
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.
What is DOI in oil and gas?
The Department of the Interior (DOI) has released its much-anticipated report on how it plans to reform federal oil and gas leasing and permitting.
How is tract participation factor calculated?
If it is a producing gas well that requires 640 acres to be allocated to it, the operator likely formed a unit that included your 80 acre tract. If the unit covers 640 acres and your tract covers 80 acres, then your tract participation factor is 12.5% (80/640)
What is the division order?
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 royalty decimal interest?
The decimal interest is calculated by dividing the number of acres the landowner has in the unit by the total number of acres in the unit, multiplied by the royalty percentage under the gas lease.
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.
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