Division order means a document to protect lessees and purchasers of production, in which all parties who may have a claim to the proceeds of the sale of production agree upon how the proceeds are to be divided.

Division order means a document executed by an interest owner that acknowledges the accuracy of the name and address of that interest owner, its tax identification number, and the quantum and type of interest of such interest owner relating to the property described in the document. To the extent a division order purports to alter or amend the applicable oil or gas lease, including its express and implied covenants, the terms of such oil or gas lease shall prevail.

Division order means an instrument showing per- centage of royalty or rental divisions among royalty owners.

Examples of Division order in a sentence

No transfer of or succession to the interest of Seller, however made, will bind Buyer unless and until the original instrument or other proper proof that the claimant is legally entitled to an interest has been furnished to Buyer at its Division Order address noted in the Notices Section or subsequent address.
Ratification and Bonus, Rental and Shut-In Royalty Division Order, dated October 24, 2006, from Xxxxxx X.
ConocoPhillips shall hold the basic Division Order and pay Resaca and Resaca’s burdens for each barrel of crude oil delivered ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** (1) less the transportation and handling deduction listed on the attached Exhibit A.
Payment shall be made to the Seller utilizing Buyer's Division Order excluding taxes.
Payment shall be made to the Seller utilizing Buyer’s Division Order excluding taxes.

More Definitions of Division order

Division order means an instrument showing percentage of royalty or rental divisions among royalty owners.

Division order means a dated, written statement, duly signed by the owners and delivered to the purchasers, certifying and guaranteeing the interests of ownership of production and directing payment according to those interests.

Division order means an agreement signed by the payee directing the distribution of proceeds from the sale of oil, gas, casinghead gas, or other related hydrocarbons. The order directs and authorizes the payor to make payment for the products taken in accordance with the division order. When used herein "division order" shall also include "transfer order".

Division order means an agreement signed by an interest owner directing the distribution

Division order means an authorization to one who has a fund for distribution from persons entitled to the fund directing how the fund is to be distributed. A Division Order is entered into between working interest owners and royalty owners to give instructions for payments under a lease.

Division order means an instrument for the purpose of directing the distribution of proceeds from the sale of oil, gas, casinghead gas or other related hydrocarbons that warrants in writing the division of interest and the name, address and tax identification number of each interest owner with a provision requiring notice of change of ownership;

Division order means the Order Sustaining Motion for Division of Trust, entered on June 30, 2009.