A Division Order is a document confirming ownership information in a particular property/unit and authorizing distribution of funds according to that information. The Division Order does NOT represent a sale of your property or any changes to your lease.
When you sign and return the Division Order, you confirm that you agree with the information disclosed in the document. If you have any questions regarding the content of your Division Order, please contact Extraction’s owner relations department at 855-412-6501 or email@example.com.
How is my royalty interest calculated?
Royalty is calculated based on the following:
Take the number of net mineral acres that you own within a well's drilling or spacing unit (example: If you own an undivided 1/2 mineral interest in 80 acres, you own 40 net mineral acres);
Divide that number by the total acres in that well's drilling or spacing unit; and
Multiply this number by the royalty interest negotiated in your Oil, Natural Gas and Mineral Lease.
For example, if you own 40 net mineral acres, the spacing unit is 640 acres and the royalty interest is 1/8, then your royalty interest in the well is (40/640) x 1/8 =0.0078125.
No, at this time we do not, but should it become available in the future, we will notify all of our owners by mail.
When are royalty checks issued?
Royalty checks are issued once a month, on the last day of the month. If you have not received your check by the 10th of the month please contact our owner relations department. Please note that checks are issued once an account has accrued $100. If your account does not accrue $100 in one month, you will not receive a royalty check until is does.
What documentation is required for a name change?
The appropriate documents are listed below by and may be submitted via email at firstname.lastname@example.org.; fax at 720-557-8301 or mail to Attn: Division Orders 370 17th Street, Suite 5300 Denver, CO 80202.
Copy of marriage certificate
Divorce decree reinstating maiden name
Other documents affecting a name change
Certificate of Name Change with verification of Tax ID to be used
Certificate of Merger with verification of Tax ID to be used
How do I make a change to my ownership?
The types of documents that can change ownership on a real property account include (but are not limited to): a deed, title, a court order, a death certificate, or probate. In some cases, there may be a need to file more than one type of document to complete the process. The documents must be recorded in the county where the minerals are located.
If you have any questions about the preparation or filing of a document, you may want to consult with an attorney, real estate professional or title company.
I sent my transfer documentation in. How long will it take to hear back?
The amount of time that it takes to complete a transfer depends on the complexity of the issue. Most transfers are processed within 45 days. For information on your transfer, contact our owner relations department at 855-412-6501 or email@example.com