This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the standard lease form.
South Carolina Shut-In Gas Royalty refers to a legal agreement between a gas well operator and the mineral rights' owner in South Carolina, whereby the gas well is temporarily shut down due to various reasons such as low gas prices, lack of infrastructure or market demand, or maintenance operations. During the shut-in period, the gas well continues to hold the rights to the gas reserves, but production is halted. In return for temporarily ceasing production, the mineral rights' owner receives compensation known as the South Carolina Shut-In Gas Royalty. This type of gas royalty provides a financial benefit to the mineral rights' owner during the non-production period, helping offset potential losses that may occur due to the temporary shutdown. It ensures that the mineral rights' owner continues to receive an income from their gas reserves even when production is halted. There are no specific types of South Carolina Shut-In Gas Royalty as it is a general term used to describe the compensation received during a shut-in period. However, the terms and conditions of the shut-in gas royalty can vary between different agreements, depending on the specific circumstances, duration of the shutdown, and negotiation between the operator and mineral rights' owner. Keywords: South Carolina, shut-in gas royalty, gas well operator, mineral rights' owner, temporarily shut down, low gas prices, lack of infrastructure, market demand, maintenance operations, production, compensation, financial benefit, non-production period, gas reserves, income, terms and conditions.
