Indemnity clause on Division Order
What does the indemnity clause mean? We are unleased and wondering how it would affect us if we sign the D. O.
Views: 84
Replies to This Discussion
-
Oil & Gas ProPermalink Reply by The_Baron on -
What does it say?
-
landownerPermalink Reply by OLYMAN on -
La mineral code RS31:138.1 states, C.The execution of a division order is not a condition precedent to recieving payments from a lessee. The lessee shall not withhold royalty payments because his lessor has not executed a division order. All you are required to send them is your name, address, and social security number to be paid your share
-
Oil & Gas ProPermalink Reply by The_Baron on -
No, third parties rights would be unaffected and ruled by statute.
However, the Operator is seeking some protections from a royalty owner coming back and saying that they own more or less later on.
📧 Want email updates on new discussions?
Click Forum and scroll down past the last discussion and click the "Follow" button.
Click Forum and scroll down past the last discussion and click the "Follow" button.
Top Content
Groups
-
Red River Parish
307 members
-
Natchitoches Parish
409 members
-
Unleased Mineral Owners
286 members
-
ALTERNATE ENERGY TECHNOL…
6 members
-
Union County, AR
49 members
© 2026 Created by Keith Mauck (Site Publisher).
Powered by
