What is a Division Order?
A division order is an instrument that describes the property, the operator, the legal description, the owner’s remittance address and tax ID information, if known, as well as the owner’s decimal interest in the property.
What do I do with the Division Order?
The owner is asked to sign and return the division order. We use this information to remit royalty proceeds to the owner if Triangle has the disbursement responsibility. If you have any questions about your division order, you should contact your attorney.
An owner should be sure to review the division order to include the following:
- accurate legal description and ownership interest;
- correct name spelling;
- where the revenue checks should be sent if different than mailing address;
- taxpayer identification number.
Where do I send my division order or other documents relating to change of ownership or a change to owner status?
Triangle USA Petroleum Corporation
Attn: Owner Relations Department
1200 17th Street, Suite 2500
Denver, CO 80202
How do I transfer my interest in a property?
Forward a recorded deed or instrument of conveyance to the Owner Relations Department at the address above. For more detailed instructions visit the Change of Ownership page.
What happens if I change my name or address?
Please notify us promptly in writing of any change in your name or mailing address. Address change notifications can be mailed to the Owner Relations Department at the address above. For more detailed instructions, visit the Change of Name or Address page.
What happens if I change my marital status?
Forward your marriage certificate, divorce decree or other documents affecting name change to the Owner Relations Department at the address above. For more detailed instructions, visit the Change of Name or Address page.
What happens when the interest owner of a property dies?
Once notified, the deceased owner’s revenue will be held in abeyance until the proper heirs can be determined. Documentation of inherited ownership should be mailed to the Owner Relations Department at the address above. For more detailed instructions visit the Change of Ownership page.
Why does my payment change from month to month?
Many factors influence your payment, including market conditions, fluctuating commodity prices, production declines and mechanical or operating difficulties affecting production. If you notice a significant change in the amount of your payment and believe that there has been an error, please contact the Owner Relations Department at firstname.lastname@example.org or 303.260.6067.
Where can I research unclaimed funds?
To locate and collect unclaimed funds, please visit the National Association of Unclaimed Property Administrators (NAUPA) at www.unclaimed.org.
How is my owner interest calculated?
Your proportionate share of production, or ownership interest, is calculated by multiplying your net acres in the drilling unit by the royalty percentage agreed upon in your Oil and Gas Lease.