(CPL) Certified Professional Landman Practice Test
CPL CPL Division Orders & Revenue Distribution
What is the primary purpose of a division order in oil and gas operations?
Select your answer
A
To divide a leasehold into separate operating units
B
To authorize the purchaser to distribute revenues according to each owner's decimal interest
C
To assign working interests among co-owners
D
To establish royalty rates for newly drilled wells
Hint
