Division Orders (Oil & Gas 17.2)

Oil companies often want an agreed division order to determine how oil from a well will be divided among the various parties entitled to a share. Why is this so important for oil companies? And what happens if the terms of the division order differ from the terms of the lease or non-participating royalty interest that a party has agreed? Class 17; Video 2 Citations: John S. Lowe, Owen L. Anderson, Christopher S. Kulander, Monika U. Ehrman, Burke W. Griggs, James W. Coleman, Cases & Materials on Oil & Gas Law (8th Edition) https://faculty.westacademic.com/Book... pp. 405-412 Background Reading: James W. Coleman, The Third Age of Oil and Gas Law, 95 Ind. L.J. 389 (2020), https://scholar.smu.edu/cgi/viewconte...