A Division Order is a written contract that directs the distribution of proceeds from the sale of oil and gas. Among other things, the Division Order:
•Describes the specific property involved
•Specifies the ownership interest of individual owners
•Outlines the basis for distributing proceeds that result from the sale of oil and/or gas production from that property
•Establishes certain responsibilities between the parties
It does not alter or amend an oil and gas lease.