This form is a Texas Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas ), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease form also provides for pooling.
Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is a crucial component within the oil and gas industry, specifically related to the management and distribution of royalties in oil and gas leases in Plano, Texas. This provision serves as a legal safeguard allowing producers to potentially halt or suspend production temporarily and continue collecting royalties during shut-in periods. The Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision establishes regulations and guidelines for pooling multiple leases within a specific area. By pooling leases, producers can consolidate resources and operate more efficiently as this facilitates the sharing of costs and infrastructure. This provision offers a practical solution for mitigating operational expenses while still generating revenue through the collection of shut-in royalties. In instances where a lease is temporarily shut-in due to various factors such as economic viability, market conditions, weather-related situations, or mechanical failures, this provision ensures that the producer is still entitled to receive royalties. Shut-in royalties are payments made to the producer based on a pre-determined percentage of the expected revenue that would have been generated if production had continued as usual. This provision acts as a safeguard for producers, allowing them to maintain financial stability even during periods of temporary production shutdown. The Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision plays a crucial role in encouraging ongoing investment in oil and gas leases and enables producers to manage risk effectively. Different types or variations of the Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision can exist, depending on specific lease agreements or individual circumstances. Some variants may incorporate additional clauses or conditions tailored to unique situations, such as royalty adjustments based on market price fluctuations or the inclusion of force majeure provisions to account for unforeseen events beyond the control of the producer. Regardless of the specific type, the Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision remains a vital aspect of lease agreements in Plano, Texas. It ensures both the stability of producer revenues and the continuous development of oil and gas resources while balancing the interests of all parties involved.Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is a crucial component within the oil and gas industry, specifically related to the management and distribution of royalties in oil and gas leases in Plano, Texas. This provision serves as a legal safeguard allowing producers to potentially halt or suspend production temporarily and continue collecting royalties during shut-in periods. The Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision establishes regulations and guidelines for pooling multiple leases within a specific area. By pooling leases, producers can consolidate resources and operate more efficiently as this facilitates the sharing of costs and infrastructure. This provision offers a practical solution for mitigating operational expenses while still generating revenue through the collection of shut-in royalties. In instances where a lease is temporarily shut-in due to various factors such as economic viability, market conditions, weather-related situations, or mechanical failures, this provision ensures that the producer is still entitled to receive royalties. Shut-in royalties are payments made to the producer based on a pre-determined percentage of the expected revenue that would have been generated if production had continued as usual. This provision acts as a safeguard for producers, allowing them to maintain financial stability even during periods of temporary production shutdown. The Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision plays a crucial role in encouraging ongoing investment in oil and gas leases and enables producers to manage risk effectively. Different types or variations of the Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision can exist, depending on specific lease agreements or individual circumstances. Some variants may incorporate additional clauses or conditions tailored to unique situations, such as royalty adjustments based on market price fluctuations or the inclusion of force majeure provisions to account for unforeseen events beyond the control of the producer. Regardless of the specific type, the Plano Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision remains a vital aspect of lease agreements in Plano, Texas. It ensures both the stability of producer revenues and the continuous development of oil and gas resources while balancing the interests of all parties involved.
