What in a perfect world your your client has negotiated an audit clause in their lease because that's really the only way that you can get access to the information that is being used to calculate those royalties everything else that we talked about is our best guess to try to back into it and to verify it from independent sources but the number one best way is to get that right of audit in the underlying lease.
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Oil and gas Division Order calculations Form: What You Should Know
Division Order: Permian Basin Division Order (New Mexico) As well, the Division Order forms (as a US legal form) may be used to calculate and determine your mineral resource royalty (MMR). Division Orders Allocate Oil and Gas Revenue — Mineral Wise Division Order forms that are not US legal forms may also be used for Division Order creation and maintenance: US Legal Division Order Forms What is the most common division order form in a royalty calculator? In an effort to preserve the integrity of information on this website, we do not use US legal forms for the Division Order calculation. Division Order Allocated Oil and Gas Revenue — Mineral Wise Are division order forms available for free? No. Division orders are available on the internet for a fee, but to access the form you must first register with MOC. Once registered, you will be able to: search on name of well, type of well, and any additional features of your well; access your own royalties; download royalty notices; and view royalty calculations. Once you are able to use Division Order forms, please consider supporting MOC and allowing us to host your Division Order. MOC currently pays 30.00 per Division Order created, and in turn, we receive the royalties when we process your Division Order. US Legal Division Order Forms Will having a Division Order mean that you get more royalties? No. Your Division Order will not guarantee you extra royalties, and your royalty payments will likely be the same as if you had a straight royalty contract. What are the differences between US legal form and Division Order? In most cases, US legal Form 6 is the best form for calculating royalties. Although Division Offices are allowed (with proper licensing and notification of the Division office), many Division Offices have chosen to limit the information contained in US legal Forms 6 and 7 to provide a good foundation for the royalty calculation process. How are my royalties calculated from my Division Order? As with every royalty calculation, your royalties will be calculated using your percentage interest in the wells and the royalty payment amounts listed on the Division Order. The percentage of royalty payment you receive from a well is called the “effective interest”. Division Order Forms Is it possible to have less than my percentage interest on a Division Order? Yes.
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