I would like to find out what is a good division order? What specifically should we royalty owners try to get written in them? What special clauses should we request? I also realize there are time restraints. Where do I gather knowledge so I can be prepared when the Division Order arrives? I understand that time is a critical factor? Is there a completed sample Division Order available so I can get an idea of what is good or bad to be on the form? All info will be appreciated.
There seems to be a lot of questions we are supposed to have answers to but where to start?
Also, the pay check stubs are up to we individuals to verify accuracy. Can we reserve the right to audit our royalty payments in the Division Order to make certain royalties are bing properly paid? How am I supposed to know what the oil company sold my oil and gas for and to whom? And how to find out what the State of Texas is paying? How to verify info on paycheck stub? Lots of questions. Thank you.
Sincerely, Eric and Carrol Gaspard
Falls City, Karnes County, Texas
How do large companies that have 1,000's of investments in wells handle their paper remittance advices? It seems to take a long time to validate, calculate and enter all of this information into an accounting system. Any feedback would be helpful.
Yes, we wouild love a copy of this statute. Really appreciate your help. Carrol and Eric