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.
Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is a crucial aspect of the oil and gas industry. This provision pertains specifically to the pooling and shut-in royalty provisions of leases in Tarrant County, Texas. Understanding this provision is essential for both oil and gas producers and landowners in the area. The purpose of the rental lease pooling shut-in royalty provision is to establish guidelines and regulations for the pooling of multiple leases into a single unit or tract. Pooling allows for efficient and cost-effective extraction of oil and gas resources, as it combines smaller leases into larger units for drilling operations. In Tarrant County, Texas, the Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision provides clarity on various aspects related to pooling. It outlines the conditions under which pooling can occur, the percentage of ownership each leaseholder retains in the pooled unit, and how royalties will be distributed among the parties involved. Additionally, this provision covers shut-in royalty payments. Shut-in royalties are payments made to leaseholders when gas wells cannot produce due to market conditions or lack of infrastructure. The provision specifies the circumstances in which shut-in royalty payments are applicable, the duration of the shut-in period, and the royalty amount provided during the shut-in period. It is worth mentioning that there might be variations or different types of the Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision, specific to individual leases or operators. These variations could include nuances in the duration of the shut-in period, the calculation of shut-in royalties, or other specific arrangements negotiated between the parties involved. In summary, the Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision governs pooling and shut-in royalty aspects related to leases in Tarrant County, Texas. It ensures fair and clear guidelines for pooling operations and provides clarity on shut-in royalty payments during periods of non-production.Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision is a crucial aspect of the oil and gas industry. This provision pertains specifically to the pooling and shut-in royalty provisions of leases in Tarrant County, Texas. Understanding this provision is essential for both oil and gas producers and landowners in the area. The purpose of the rental lease pooling shut-in royalty provision is to establish guidelines and regulations for the pooling of multiple leases into a single unit or tract. Pooling allows for efficient and cost-effective extraction of oil and gas resources, as it combines smaller leases into larger units for drilling operations. In Tarrant County, Texas, the Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision provides clarity on various aspects related to pooling. It outlines the conditions under which pooling can occur, the percentage of ownership each leaseholder retains in the pooled unit, and how royalties will be distributed among the parties involved. Additionally, this provision covers shut-in royalty payments. Shut-in royalties are payments made to leaseholders when gas wells cannot produce due to market conditions or lack of infrastructure. The provision specifies the circumstances in which shut-in royalty payments are applicable, the duration of the shut-in period, and the royalty amount provided during the shut-in period. It is worth mentioning that there might be variations or different types of the Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision, specific to individual leases or operators. These variations could include nuances in the duration of the shut-in period, the calculation of shut-in royalties, or other specific arrangements negotiated between the parties involved. In summary, the Tarrant Texas Producers 88 (8/99) Rental Lease Pooling Shut-In Royalty Provision governs pooling and shut-in royalty aspects related to leases in Tarrant County, Texas. It ensures fair and clear guidelines for pooling operations and provides clarity on shut-in royalty payments during periods of non-production.
