A Division Order is a contract that confirms your ownership interest in a well and authorizes the distribution of revenue, while a Form W-9 is a tax form used to report your correct taxpayer identification number (TIN) to the entity paying you, such as the well operator. You typically receive both when a well starts producing or when there's a change in ownership, and returning the completed W-9 form is crucial to avoid unnecessary tax withholding.
What to do with each form
Division Order
This document details your ownership, interest decimal, and payment information. After carefully reviewing it to ensure all information is correct, you will sign and return a copy to the operator by uploading a photograph of the signed document using this app or a signed pdf.
Form W-9
You will complete the W-9 form by providing your name and taxpayer identification number (TIN), which can be a Social Security Number (SSN) or Employer Identification Number (EIN). You must upload a photograph of the completed form, or a completed pdf of the form, using this app.