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PRODUCTION COMPANY A Subsidiary of1nland Resources Inc February 1, 2002State of Utah Division of Oil, Gas & Mining Attn: Brad Hill 1594 West North Temple Suite 1210 P.O. Box 145801 Salt Lake City,

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How to fill out division of oil gas

01

Gather all relevant documents such as lease agreements, deeds, and production reports.

02

Identify the parties involved in the ownership of the oil and gas interests.

03

Calculate the percentage of ownership each party holds based on the documents provided.

04

Determine the revenue generated from the oil and gas production.

05

Allocate the revenue to each party based on their ownership percentage.

Who needs division of oil gas?

01

Landowners who have leased their land for oil and gas exploration.

02

Oil and gas companies who are producing oil and gas from the land.

03

Parties who have purchased oil and gas interests and need to divide the revenue generated.

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What is division of oil gas?

Division of oil gas is the process of dividing ownership interests in oil and gas properties among co-owners or partners.

Who is required to file division of oil gas?

Any individual or entity that owns an interest in an oil or gas property and is seeking to divide that interest among multiple parties.

How to fill out division of oil gas?

Division of oil gas can be filled out by providing details of the oil or gas property, the percentage of ownership each party holds, and any agreements or arrangements regarding the division of interests.

What is the purpose of division of oil gas?

The purpose of division of oil gas is to ensure that ownership interests in oil and gas properties are clearly defined and documented, and that each party's rights and responsibilities are properly established.

What information must be reported on division of oil gas?

The division of oil gas must include details of the oil or gas property, the names and contact information of all parties involved, the percentage of ownership each party holds, and any agreements or arrangements related to the division of interests.

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