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.
Bexar Texas Shut-In Gas Royalty is a type of royalty interest associated with the extraction and production of natural gas in Bexar County, Texas. This particular form of royalty refers to the compensation paid to mineral rights owners when their gas wells are temporarily shut-in due to various reasons such as market conditions, regulatory issues, or technical difficulties. When gas wells are shut-in, it means that the production of natural gas is halted temporarily, limiting or stopping the flow from the wellhead to the market. In such cases, gas royalty owners receive compensation based on the terms outlined in their lease agreements or contracts, ensuring they are fairly compensated for the suspension of production during the shutdown period. There are various types of Bexar Texas Shut-In Gas Royalty arrangements depending on the specific terms negotiated between the gas royalty owner and the oil and gas operator. Some of these types include: 1. Shut-In Royalty Clause: This clause is often included in lease agreements and allows the operator to temporarily shut-in the well without terminating the lease. The royalty owner receives a predetermined shut-in royalty payment during the shut-in period, compensating for the suspended production. 2. Natural Gas Market Conditions: In some cases, shut-in gas royalties are triggered by unfavorable market conditions. If the prevailing gas prices are too low to make production economically viable, the royalty owner may agree to shut-in the well temporarily until gas prices recover. Compensation during this shut-in period is based on a pre-determined formula or fixed amount specified in the lease agreement. 3. Regulatory or Technical Shutdowns: Occasionally, gas wells may be shut-in due to regulatory issues or technical difficulties, such as maintenance or repair work, compliance with environmental regulations, or other unforeseen circumstances. In such cases, the royalty owner is typically compensated for the suspension of production as per the lease agreement or the applicable regulations. It is important for gas royalty owners in Bexar County, Texas, to have a clear understanding of the terms and conditions related to the shut-in gas royalty in their lease agreements or contracts. Consulting with legal professionals experienced in oil and gas law can ensure their interests are protected, and they receive fair compensation during the shut-in period.Bexar Texas Shut-In Gas Royalty is a type of royalty interest associated with the extraction and production of natural gas in Bexar County, Texas. This particular form of royalty refers to the compensation paid to mineral rights owners when their gas wells are temporarily shut-in due to various reasons such as market conditions, regulatory issues, or technical difficulties. When gas wells are shut-in, it means that the production of natural gas is halted temporarily, limiting or stopping the flow from the wellhead to the market. In such cases, gas royalty owners receive compensation based on the terms outlined in their lease agreements or contracts, ensuring they are fairly compensated for the suspension of production during the shutdown period. There are various types of Bexar Texas Shut-In Gas Royalty arrangements depending on the specific terms negotiated between the gas royalty owner and the oil and gas operator. Some of these types include: 1. Shut-In Royalty Clause: This clause is often included in lease agreements and allows the operator to temporarily shut-in the well without terminating the lease. The royalty owner receives a predetermined shut-in royalty payment during the shut-in period, compensating for the suspended production. 2. Natural Gas Market Conditions: In some cases, shut-in gas royalties are triggered by unfavorable market conditions. If the prevailing gas prices are too low to make production economically viable, the royalty owner may agree to shut-in the well temporarily until gas prices recover. Compensation during this shut-in period is based on a pre-determined formula or fixed amount specified in the lease agreement. 3. Regulatory or Technical Shutdowns: Occasionally, gas wells may be shut-in due to regulatory issues or technical difficulties, such as maintenance or repair work, compliance with environmental regulations, or other unforeseen circumstances. In such cases, the royalty owner is typically compensated for the suspension of production as per the lease agreement or the applicable regulations. It is important for gas royalty owners in Bexar County, Texas, to have a clear understanding of the terms and conditions related to the shut-in gas royalty in their lease agreements or contracts. Consulting with legal professionals experienced in oil and gas law can ensure their interests are protected, and they receive fair compensation during the shut-in period.
