Camino-Jack David


#1

Does anyone have any new information on the Jack David drilled by Camino in 9-7-7 Surface hole in 8-7-7 as far as what kind of production they’re expecting


#2

Drew: The Jack David went into production around the 1st of September. You should see division orders around March 1, 2019.


#3

Todd, what are division orders? I know it’s a stupid question to those who know the answer! :yum: thanks!


#4

Division orders confirm your social security number, it may also provide for direct deposit. There may be a acreage designation. If you have any title issues, like an unprobated estate, you will probably be given a list of title requirements before they will begin paying. Richard Winblad Attorney


#5

Thank you, Richard…


#6

Division Orders are the contract between you and the operator that agrees on the division of interest in the well. It has a more stringent title opinion than the leasing title opinion. Your decimal interest in the well is determined by the following formula: net acres/spacing acres x royalty x % perforations in your section (if a multisection well)


#7

Thank you, Martha…


#8

Most division orders have a $100 minimum amount. I usually change mine to $25 in order to have more regular checks.