Division Order - GoMarcellusShale.com2024-03-29T14:03:38Zhttps://gomarcellusshale.com/forum/topics/division-order?groupUrl=ritchiecounty&commentId=2274639%3AComment%3A739441&x=1&feed=yes&xn_auth=noAh, gee, that's a sweet thing…tag:gomarcellusshale.com,2016-06-30:2274639:Comment:7394412016-06-30T00:29:29.625ZNancy Mosleyhttps://gomarcellusshale.com/profile/NancyMosley
<p>Ah, gee, that's a sweet thing to say!</p>
<p>And, I have had to resort to challenging an division order. Some kind soul told me about the NADOA group and their model form. Handy to have "just in case"!</p>
<p>Ah, gee, that's a sweet thing to say!</p>
<p>And, I have had to resort to challenging an division order. Some kind soul told me about the NADOA group and their model form. Handy to have "just in case"!</p> Nancy,
It is official, you ar…tag:gomarcellusshale.com,2016-06-30:2274639:Comment:7394392016-06-30T00:22:40.059ZWV Mineral Ownerhttps://gomarcellusshale.com/profile/WVMineralOwner
<p>Nancy,</p>
<p>It is official, you are the Queen of Information & Helpful Links. :)</p>
<p>Nancy,</p>
<p>It is official, you are the Queen of Information & Helpful Links. :)</p> Here is a link to the Nationa…tag:gomarcellusshale.com,2016-06-30:2274639:Comment:7392392016-06-30T00:18:00.460ZNancy Mosleyhttps://gomarcellusshale.com/profile/NancyMosley
<p>Here is a link to <a href="http://www.nadoa.org/forms/div_ord.pdf" target="_blank">the National Association of Division Order Analysts model form</a></p>
<p>You can compare what you get with this, and if there is anything of substance different, you might submit this form instead. I read that people do that sometimes.</p>
<p>Here is a link to <a href="http://www.nadoa.org/forms/div_ord.pdf" target="_blank">the National Association of Division Order Analysts model form</a></p>
<p>You can compare what you get with this, and if there is anything of substance different, you might submit this form instead. I read that people do that sometimes.</p> There could be one missing st…tag:gomarcellusshale.com,2016-06-29:2274639:Comment:7394132016-06-29T10:32:10.971ZDavidhttps://gomarcellusshale.com/profile/marble
There could be one missing step in the above equation. The formula works if all of the owners lease acres are in the unit . So for example if the owners lease is for 100 acres and only 70 are in you must divide 70 by 100 as your starting point.
There could be one missing step in the above equation. The formula works if all of the owners lease acres are in the unit . So for example if the owners lease is for 100 acres and only 70 are in you must divide 70 by 100 as your starting point. Yes very true, thanks Kyle!tag:gomarcellusshale.com,2016-06-28:2274639:Comment:7388742016-06-28T16:24:43.526ZNancy Mosleyhttps://gomarcellusshale.com/profile/NancyMosley
Yes very true, thanks Kyle!
Yes very true, thanks Kyle! Kevin,
The 'typical' formula…tag:gomarcellusshale.com,2016-06-28:2274639:Comment:7390442016-06-28T15:48:58.602ZWV Mineral Ownerhttps://gomarcellusshale.com/profile/WVMineralOwner
<p>Kevin,</p>
<p>The 'typical' formula for a Division Order of a unitized parcel is...</p>
<p><b><font face="Calibri"><font size="3">MI </font> <font size="3">x</font><font size="3"> </font> <font size="3">RI</font><font size="3"> </font> <font size="3">x</font><font size="3"> </font> <font size="3">Tract Factor = Decimal</font></font></b></p>
<p><font face="Calibri"><font size="3">MI = Mineral Interest (1/2 Ownership of a parcel)<br></br>RI = Royalty Interest (15% Lease royalty)<br></br>TF = Acreage…</font></font></p>
<p>Kevin,</p>
<p>The 'typical' formula for a Division Order of a unitized parcel is...</p>
<p><b><font face="Calibri"><font size="3">MI </font> <font size="3">x</font><font size="3"> </font> <font size="3">RI</font><font size="3"> </font> <font size="3">x</font><font size="3"> </font> <font size="3">Tract Factor = Decimal</font></font></b></p>
<p><font face="Calibri"><font size="3">MI = Mineral Interest (1/2 Ownership of a parcel)<br/>RI = Royalty Interest (15% Lease royalty)<br/>TF = Acreage you own in the tract (The Kevin tract is 70 acres of a 350 acre unit) ~20%`</font></font></p>
<p></p> Excellent point Kyle!tag:gomarcellusshale.com,2016-06-28:2274639:Comment:7389772016-06-28T15:42:17.603ZWV Mineral Ownerhttps://gomarcellusshale.com/profile/WVMineralOwner
<p>Excellent point Kyle!</p>
<p>Excellent point Kyle!</p> In general, just make sure th…tag:gomarcellusshale.com,2016-06-28:2274639:Comment:7388712016-06-28T15:39:48.482ZKyle Nuttallhttps://gomarcellusshale.com/profile/KyleNuttall
<p>In general, just make sure there isn't anything in the D.O. that modifies the terms of the lease. They usually say that you "certify" that you own x.xxxxxx in the unit. I don't like anything that sounds like a promise, warranty, etc. Scratch out "certify", initial next to it, and send it back. Also, if there are any other clauses make sure they don't modify or negate anything that was in your lease--unless you want the change.</p>
<p>In general, just make sure there isn't anything in the D.O. that modifies the terms of the lease. They usually say that you "certify" that you own x.xxxxxx in the unit. I don't like anything that sounds like a promise, warranty, etc. Scratch out "certify", initial next to it, and send it back. Also, if there are any other clauses make sure they don't modify or negate anything that was in your lease--unless you want the change.</p> Thanks Nancy.tag:gomarcellusshale.com,2016-06-28:2274639:Comment:7389752016-06-28T10:50:12.760ZKevin Riddlehttps://gomarcellusshale.com/profile/KevinRiddle
Thanks Nancy.
Thanks Nancy. I haven't received the divisi…tag:gomarcellusshale.com,2016-06-28:2274639:Comment:7389712016-06-28T10:49:25.612ZKevin Riddlehttps://gomarcellusshale.com/profile/KevinRiddle
I haven't received the division order yet but when I'm certain I'll let you know.<br />
Thanks
I haven't received the division order yet but when I'm certain I'll let you know.<br />
Thanks