Colorado Oil and Gas Attorney: Division Orders
Should you sign a division order without legal advice?
The division order is the second most important document that mineral owners are asked to sign in relation to oil and gas production; the first is the lease agreement. 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 Cantafio Nagel & Song 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, 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 Cantafio Nagel & Song PLLC to get help with your lease agreement and division order.