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.  

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Permalink Reply by The_Baron on November 15, 2010 at 9:28
What does it say?
Permalink Reply by OLYMAN on November 15, 2010 at 10:33
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
Permalink Reply by The_Baron on November 15, 2010 at 10:36
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.
Permalink Reply by A. Waites on November 15, 2010 at 11:30
Thanks that does sound like what they are saying.

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