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.
San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is a special clause that governs the leasing and pooling of mineral interests in San Angelo, Texas. This provision is designed to protect the rights and interests of both oil and gas producers and landowners in the region. The San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision applies to oil and gas leases within the San Angelo area that were executed on or after August 1999. This provision allows producers to temporarily shut-in their production in certain situations, without facing penalties or losing their lease rights. The primary purpose of this provision is to provide flexibility to oil and gas producers when unforeseen circumstances arise that make production economically unviable or impossible. For example, if there is a sudden decrease in oil and gas prices, or if there are technical issues at the well site, the producer may choose to shut-in the well temporarily until conditions improve. There are different types of San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision, including shut-in due to market conditions, technical difficulties, or force majeure events. The shut-in provision due to market conditions allows the producer to shut-in the production if the market prices for oil or gas drop below a certain threshold, making it unprofitable to continue extraction. This provision ensures that the producer does not incur significant losses during periods of low prices. The shut-in provision due to technical difficulties allows the producer to shut-in the well if there are equipment malfunctions or other technical problems that prevent the extraction of oil and gas. This provision protects the producer from incurring unnecessary expenses while they address the technical issues. Lastly, the shut-in provision due to force majeure events allows the producer to shut-in the well if there are unforeseen events beyond their control, such as natural disasters or government restrictions. This provision ensures that the producer is not held responsible for circumstances that are beyond their control. In conclusion, the San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is an important clause that grants oil and gas producers the right to temporarily shut-in production under specific circumstances. This provision safeguards the interests of both producers and landowners, ensuring fair and balanced agreements within the San Angelo area.San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is a special clause that governs the leasing and pooling of mineral interests in San Angelo, Texas. This provision is designed to protect the rights and interests of both oil and gas producers and landowners in the region. The San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision applies to oil and gas leases within the San Angelo area that were executed on or after August 1999. This provision allows producers to temporarily shut-in their production in certain situations, without facing penalties or losing their lease rights. The primary purpose of this provision is to provide flexibility to oil and gas producers when unforeseen circumstances arise that make production economically unviable or impossible. For example, if there is a sudden decrease in oil and gas prices, or if there are technical issues at the well site, the producer may choose to shut-in the well temporarily until conditions improve. There are different types of San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision, including shut-in due to market conditions, technical difficulties, or force majeure events. The shut-in provision due to market conditions allows the producer to shut-in the production if the market prices for oil or gas drop below a certain threshold, making it unprofitable to continue extraction. This provision ensures that the producer does not incur significant losses during periods of low prices. The shut-in provision due to technical difficulties allows the producer to shut-in the well if there are equipment malfunctions or other technical problems that prevent the extraction of oil and gas. This provision protects the producer from incurring unnecessary expenses while they address the technical issues. Lastly, the shut-in provision due to force majeure events allows the producer to shut-in the well if there are unforeseen events beyond their control, such as natural disasters or government restrictions. This provision ensures that the producer is not held responsible for circumstances that are beyond their control. In conclusion, the San Angelo Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is an important clause that grants oil and gas producers the right to temporarily shut-in production under specific circumstances. This provision safeguards the interests of both producers and landowners, ensuring fair and balanced agreements within the San Angelo area.
