Division Order Instructions and Guidelines
This document provides instructions and detailed guidelines for filling out and submitting the Division Order for oil and gas interests. It includes terms of sale, payment details, and indemnity clauses. Ensure to review and sign the document accurately before submission.
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How do I fill this out?
Begin by reviewing the Division Order to ensure the information is correct. If anything is incorrect, make the necessary changes. Sign and return the Division Order in the provided envelope.
How to fill out the Division Order Instructions and Guidelines?
1
Review the Division Order for accuracy.
2
Make necessary corrections if there are any errors.
3
Sign the Division Order where indicated.
4
Provide your Social Security or Tax I.D. number.
5
Return the completed Division Order in the enclosed envelope.
Who needs the Division Order Instructions and Guidelines?
1
Oil and gas interest owners who need to certify their ownership.
2
Legal representatives managing the interests of an estate.
3
Corporations with interest in oil and gas properties.
4
Partnerships involved in oil and gas ventures.
5
Agents or guardians with the authority to sign on behalf of interest owners.
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What are the instructions for submitting this form?
To submit this form, review and complete all required fields accurately. Sign the form where indicated and provide your Social Security or Tax I.D. number. Return the completed form in the enclosed envelope to the following address: Endeavor Energy Resources, LP., 110 N. Marienfield, Suite 200, Midland, TX 79701. For any questions, call (432)-687-1575.
What are the important dates for this form in 2024 and 2025?
Ensure to submit the Division Order by the designated due date to avoid payment delays. Regularly check for any updates or changes in the submission timeline.
What is the purpose of this form?
The Division Order is used to certify and verify the ownership interests in oil, gas, and related hydrocarbons produced from specified properties. By signing this form, interest owners confirm their share and receive the corresponding payments for sales. Proper submission of the Division Order ensures compliance with legal standards and accurate payment processing.
Tell me about this form and its components and fields line-by-line.
- 1. Effective Date: The date from which the Division Order becomes effective.
- 2. First Runs: The initial production runs covered by this Division Order.
- 3. Interest Type: The type of interest held by the owner.
- 4. Dec. Interest: The declared interest percentage of the owner.
- 5. Royalty Interest: The royalty interest percentage held by the owner.
- 6. Property Code: A unique code identifying the property covered by the Division Order.
- 7. Description: A brief description of the property.
- 8. Location: The physical location of the property.
- 9. Indemnity: Clauses indemnifying the payer from liabilities related to payments.
- 10. Dispute: Procedures for handling disputes and withholding of funds.
- 11. Termination: Conditions for termination of the agreement.
- 12. Notices: Requirements for notifying changes and correspondence addresses.
- 13. Signatures: Fields for owner signatures and required witness/attest signatures.
- 14. Social Security or Tax I.D. No.: Field to provide Social Security or Tax I.D. No. mandatory for processing payments without withholding tax.
What happens if I fail to submit this form?
Failure to submit the Division Order could result in delays or withholding of payments.
- Delayed Payments: Payments may be delayed until the correct information is received.
- Withholding Tax: Without a valid Social Security or Tax I.D. number, taxes will be withheld.
- Ownership Disputes: Failure to submit may lead to disputes over ownership interests and affect payment distribution.
How do I know when to use this form?
- 1. New Production: Certify interests for newly producing oil or gas properties.
- 2. Change of Ownership: Update ownership information following a sale or transfer.
- 3. Legal Compliance: Ensure compliance with legal requirements for interest certification.
- 4. Payment Processing: Provide necessary information for proper payment distribution.
- 5. Estate Management: Manage and certify interests for estate or trust purposes.
Frequently Asked Question
How do I fill out the Division Order?
Review the document for accuracy, make necessary corrections, sign it, and return it in the provided envelope.
Can I edit the Division Order online?
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Yes, PrintFriendly allows you to sign the Division Order digitally using our signature tool.
How can I share the completed Division Order?
You can share the completed Division Order via email or generate a shareable link using PrintFriendly's sharing options.
What if I see errors in the Division Order?
Make the necessary corrections directly in the PDF using the editor before signing and submitting it.
How do I provide my Social Security or Tax I.D. number?
Enter your Social Security or Tax I.D. number in the designated field within the form.
Can multiple partners sign the Division Order?
Yes, ensure all partners sign the Division Order before submission if applicable.
What documents are needed to show authority to sign?
Provide evidence of rights vested in the person signing, such as court orders or authorization documents.
Is there a minimum payment threshold?
Payments of less than $100.00 may be accrued before disbursement until the total amount equals $100.00 or more.
What happens if I do not provide a Tax I.D. number?
Failure to provide a Tax I.D. number will result in withholding tax according to federal law.
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