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Division Orders

Posted on 11/4/08 at 10:53 am
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
30940 posts
Posted on 11/4/08 at 10:53 am
Are division orders signed before or after drilling is completed?
Posted by ElmGrove
Member since Jul 2008
55 posts
Posted on 11/4/08 at 1:13 pm to
after
Posted by blueridgeTiger
Granbury, TX
Member since Jun 2004
22093 posts
Posted on 11/4/08 at 1:32 pm to
Usually after, but sometimes you have rental division orders (often included in a lease rider) which are signed with the lease or at least before any rentals become due. The royalty division orders are usually drafted and signed after a discovery and establishment of a unit.
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