Commercial & FinanceVerified
DO meaning in oil and gas
DO means Division Order. Division Order; used in lieu of a formal contract to purchase lease production ( 100% DO - remittance paid to Operator only for further distribution to other working interest and royalty owners.…
Definition
Division Order
Division Order; used in lieu of a formal contract to purchase lease production ( 100% DO - remittance paid to Operator only for further distribution to other working interest and royalty owners. Basic DO – CAM remits to all working interest and royalty owners based on ownership percentages.)