A Division Order form is a communication tool. It is sent by an oil and gas company to confirm ownership in a well or wells. It will indicate the well name, location, production and interest type, decimal interest owned in the property’s production, the owner’s name and address along with a section for the owner to provide contact information and a Social Security (SSN) or Tax ID (TIN).
The owner should review all information on the form, confirm its accuracy, provide phone number and email address, SSN or TIN, then sign and return the form. If your address is incorrect, please cross it out and handwrite the correct address. If you disagree with other information, please contact PDC.
Suspended funds will be released upon receipt of the document unless the owner’s Lease states a signed Division Order is not required prior to payment or additional documentation is needed to cure a title requirement.
Please note Federal Law requires you to provide your SSN or TIN. Failure to comply will result in 24% tax withholding and will not be refundable by Payor.
A Division Order cannot amend the lease.