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What is a Venture DOI or Division Order?

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What is a Venture DOI or Division Order?

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A Venture is ExxonMobil’s identification number for a producing property that covers one or more wells grouped together for accounting purposes. Ventures can have multiple Division of Interests, which are ownership lists for disbursement of proceeds for particular products. A Division Order is a document that describes the property and directs how revenue funds are to be distributed.

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