A Division Order Title Opinion is an opinion which lists the names and decimal ownership interests within a producing oil or gas well, unit, or lease. Division Order is a schedule of owners and their decimal ownership share in revenues of a well’s production derived from the sale of oil or natural-gas. These types of opinions are commonly prepared in the event that an oil company finds viable oil or natural-gas on a property. This opinion is based on the prior title opinion, includes an updated record check, identifies the individuals who are entitled to proceeds from the sale of production, and states the percentage each individual is entitled to. A division order opinion also identifies issues in each owner’s title and makes suggestions on how to correct those issues. This allows any owner that is entitled to production from the property to be appropriately compensated by the purchasers of production.
Contact Faulk Barchus today to speak with a well-qualified and experienced oil and gas attorney who will gladly assist you with any questions or concerns regarding these matters.
Contact: 713-239-4000
Contact Faulk Barchus today to speak with a well-qualified and experienced oil and gas attorney who will gladly assist you with any questions or concerns regarding these matters.
Contact: 713-239-4000