Colorado Oil and Gas Attorney: Division Orders
Should you sign a division order without legal advice?
After the lease agreement, the division order is the second most important
document that mineral owners are asked to sign in relation to oil and
gas production. When the division order comes in the mail, it is often
the first notification the owner receives indicating that a well is producing.
If you have received a division order, please do not sign it before contacting
a knowledgeable
Colorado oil and gas lawyer at Feldmann Nagel Cantafio PLLC. We can go over it with you, and make sure that
your rights are protected under the terms of the division order agreement
and that you don't make a costly mistake in signing it incorrectly.
Oil and Gas Lawyer in Colorado
Our attorneys are very proficient in the laws governing lease agreements
of all kinds in the oil and gas industry and are eager to share our expertise
with the citizens of our communities. We have had decades of experience
honing our skills in contract formation and drafting and
negotiations of oil and gas leases, as well as in the
royalty disputes and litigation that sometimes follow the drilling of oil and gas wells.
Division orders have two primary requests of the landowner. They are:
- Verify that the decimal interest set out on the division order is correct
- Agree that the company can make payments based on that decimal interest
until notified by the owner that the land ownership has been changed
While these requests are straightforward, sometimes the oil company puts
in other conditions such as asking an owner to waive claims against the
provider for errors in percentages and other conditions further protecting
them, but serving to diminish your rights. With our experience, we are
able to spot these questionable areas immediately and advise you concerning
revisions or changes. Rest assured that we have your best interests at
heart and will do all that we can to see that you get the most out of
your lease agreement and division order.
Contact a Colorado oil and gas law attorney
immediately at Feldmann Nagel Cantafio PLLC to get help with your lease agreement
and division order.