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.
Collin Texas Shut-In Gas Royalty refers to a specific type of royalty payment received by mineral owners in Collin County, Texas, for gas production that has been temporarily shut-in due to various reasons. Shut-in gas refers to natural gas reserves that cannot be produced or sold due to operational or economic factors. Shut-in gas royalties are received by mineral owners as compensation for the inability to produce and sell the gas, which may occur in situations such as pipeline constraints, low gas prices, or lack of demand. This form of royalty payment helps mineral owners mitigate their losses during periods of shut-in gas production and ensures that they receive some compensation for the reserves that cannot be extracted. The shut-in gas royalty payments in Collin County, Texas vary depending on factors such as lease agreements, gas prices, production volumes, and contract terms. These payments provide financial support to mineral owners during temporary shutdowns and help maintain their interest in the gas reserves. Different types or variations of Collin Texas shut-in gas royalties may include: 1. Fixed Royalty Payments: In this type, mineral owners receive a predetermined fixed amount as a shut-in gas royalty payment, regardless of the quantity of gas shut-in or the prevailing gas prices. 2. Percentage-based Royalty Payments: This type of shut-in gas royalty payment is calculated based on a certain percentage of the market value of the shut-in gas. The percentage can vary depending on contract terms and negotiation between mineral owners and gas operators. 3. Duration-based Royalty Payments: In certain cases, mineral owners may receive shut-in gas royalties for specific durations or time periods, such as monthly, quarterly, or annually, depending on the terms agreed upon in the lease agreement. 4. Temporary Suspension Payments: In situations where gas production is temporarily suspended due to maintenance, repairs, or infrastructure upgrades, mineral owners may receive shut-in gas royalties as compensation for the period of suspension. 5. Force Mature Royalties: Force majeure events, such as natural disasters or government regulations, can lead to the temporary shut-in of gas production. Mineral owners may be entitled to receive shut-in gas royalties as compensation for their loss of production during such events. In summary, Collin Texas Shut-In Gas Royalty refers to the compensation received by mineral owners in Collin County, Texas, for gas production that cannot be sold due to temporary shutdowns. These royalty payments can vary in terms of payment structure, duration, and calculation methods, offering support to mineral owners during periods of shut-in gas production.Collin Texas Shut-In Gas Royalty refers to a specific type of royalty payment received by mineral owners in Collin County, Texas, for gas production that has been temporarily shut-in due to various reasons. Shut-in gas refers to natural gas reserves that cannot be produced or sold due to operational or economic factors. Shut-in gas royalties are received by mineral owners as compensation for the inability to produce and sell the gas, which may occur in situations such as pipeline constraints, low gas prices, or lack of demand. This form of royalty payment helps mineral owners mitigate their losses during periods of shut-in gas production and ensures that they receive some compensation for the reserves that cannot be extracted. The shut-in gas royalty payments in Collin County, Texas vary depending on factors such as lease agreements, gas prices, production volumes, and contract terms. These payments provide financial support to mineral owners during temporary shutdowns and help maintain their interest in the gas reserves. Different types or variations of Collin Texas shut-in gas royalties may include: 1. Fixed Royalty Payments: In this type, mineral owners receive a predetermined fixed amount as a shut-in gas royalty payment, regardless of the quantity of gas shut-in or the prevailing gas prices. 2. Percentage-based Royalty Payments: This type of shut-in gas royalty payment is calculated based on a certain percentage of the market value of the shut-in gas. The percentage can vary depending on contract terms and negotiation between mineral owners and gas operators. 3. Duration-based Royalty Payments: In certain cases, mineral owners may receive shut-in gas royalties for specific durations or time periods, such as monthly, quarterly, or annually, depending on the terms agreed upon in the lease agreement. 4. Temporary Suspension Payments: In situations where gas production is temporarily suspended due to maintenance, repairs, or infrastructure upgrades, mineral owners may receive shut-in gas royalties as compensation for the period of suspension. 5. Force Mature Royalties: Force majeure events, such as natural disasters or government regulations, can lead to the temporary shut-in of gas production. Mineral owners may be entitled to receive shut-in gas royalties as compensation for their loss of production during such events. In summary, Collin Texas Shut-In Gas Royalty refers to the compensation received by mineral owners in Collin County, Texas, for gas production that cannot be sold due to temporary shutdowns. These royalty payments can vary in terms of payment structure, duration, and calculation methods, offering support to mineral owners during periods of shut-in gas production.
