Get the free SWKROA Model Division Order Form

SWORD Model Division Order Form (Adopted 2/2014) OIL AND GAS DIVISION ORDER Mayor: Mayor Address: Mayor Telephone: Mayor FAX number: Mayor email: Date Prepared: Effective Date: Property Number: Operator:

How to fill out swkroa model division order

How to Fill Out SWKROA Model Division Order:

Gather all relevant information:

You will need to collect all the necessary information for filling out the SWKROA Model Division Order. This includes details about the property, the owners, and any relevant legal documentation.

Understand the sections of the division order:

Familiarize yourself with the different sections of the SWKROA Model Division Order. This typically includes sections for property and owner details, fractional interest calculation, payment instructions, and signatures.

Fill in the property and owner information:

Begin by providing accurate details about the property for which the division order is being filled out. This may include the property's legal description, address, and any unique identifiers.

Calculate fractional interest:

Determine the fractional interest for each owner listed in the division order. This calculation is based on their percentage ownership of the property, which is usually derived from legal documents such as deeds or contracts.

Provide payment instructions:

Indicate how the owner prefers to receive their royalty payments. This may include options for check payments or direct deposits, along with the necessary banking details.

Review and double-check:

Once you have filled out all the required information, carefully review the division order to ensure accuracy. Check for any errors or missing details that may hinder the processing of the order.

Obtain signatures:

Once you are confident that the division order is complete and accurate, obtain the necessary signatures from all owners listed. This may require sending the order to each owner for their review and signature.

Who needs SWKROA Model Division Order:

Mineral Rights Owners:

Individuals or entities who own mineral rights in a property covered by the division order may need to fill it out. This ensures that they receive their rightful share of the royalty payments.

Oil and Gas Companies:

Oil and gas companies who are responsible for making royalty payments to the owners will use the SWKROA Model Division Order to accurately distribute the royalties. They require this document to determine the correct recipients and payment amounts.

Legal Professionals:

Attorneys or legal professionals who handle the division of mineral rights may also need to use the SWKROA Model Division Order. They can ensure that the process is legally compliant and that the owners' interests are protected.

For pdfFiller’s FAQs

What is swkroa model division order?

The swkroa model division order is a standardized form used to allocate and distribute production proceeds among owners of mineral interests in a well or unit.

Who is required to file swkroa model division order?

The operator of the well or unit is typically responsible for filing the swkroa model division order.

How to fill out swkroa model division order?

The swkroa model division order must be completed with accurate ownership information, well production data, and allocation percentages for each owner.

What is the purpose of swkroa model division order?

The purpose of the swkroa model division order is to ensure fair and equitable distribution of production proceeds among all owners of mineral interests.

What information must be reported on swkroa model division order?

The swkroa model division order must include details such as owner names, ownership percentages, well production volumes, and allocated proceeds.

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