MLchartDataset catalogue

Division order

Term · Oil and gas · MLC-T-OAG-001135

A legal document that instructs a purchaser of oil or gas on how to distribute proceeds from production among all interest owners, including royalty owners and working interest owners. It specifies each party's fractional share of production and provides authorization for payment. This order protects the purchaser from liability for improper payments and is based on the title opinion.

Table 1. Record
IdentifierMLC-T-OAG-001135
FieldOil and gas
SubjectOil and Gas Business
Record as JSON 
{
  "id": "MLC-T-OAG-001135",
  "term": "Division order",
  "field": "Oil and gas",
  "definition": "A legal document that instructs a purchaser of oil or gas on how to distribute proceeds from production among all interest owners, including royalty owners and working interest owners. It specifies each party's fractional share of production and provides authorization for payment. This order protects the purchaser from liability for improper payments and is based on the title opinion.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/division-order/"
}

Record 1,211 of 4,468 in Oil and gas terminology (MLC-0103). Request the full dataset.