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Robert,
I just received my division order today on a well that was turnd to sales on 01/12/2011. I own 1 acre in sec 12 T16N R14W. Now I need to hear from some experts regarding the language on the document. It says that I must execute it and return it by May 20 in order to receive royalty payment the end of May. I have read that I am not required to sign DO in order to receive payment. Info needed please...
If you choose to not sign the DO, you will still be paid Royalty. However, your payments may be delayed.
Also, make sure they have your SSN# or you will have a substantial amount witheld.
Bro. Tommy,
How nice to see you on here. I came to many meetings you were kind enough to hold way back at the beginning and I really appreciated all the info and help all the speakers provided.
I have gleaned some info on DO's on here. I found what the language of one might look like here and saved it for a time like this:
Added by Keith Mauck (Site Publisher) at 11:41am on February 8, 2011
Topic: Sample posted by Insomiacnwla in a blog
Do not know what a "good" one looks like but perhaps this will help. Many knowledgeable and generous folks on here seem to swoop in with just the info we all need at the moment we need it. Maybe they can provide guidance on the "good" or "not so good" of DOs.
Anne
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