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.
Fulton Georgia Shut-In Gas Royalty refers to the compensation that landowners or mineral rights owners in Fulton County, Georgia receive when their natural gas wells are temporarily shut-in or not producing due to various reasons. This payment serves as a form of financial protection for the landowners during periods when gas production is halted. The shut-in gas royalty system in Fulton, Georgia is established by the Georgia Department of Natural Resources' Environmental Protection Division (END) to regulate and manage the extraction and production of natural gas within the county. There are different types of Fulton Georgia Shut-In Gas Royalty, namely: 1. Shut-In Royalty Payments: When gas production ceases, landowners are entitled to receive shut-in royalty payments, which compensate them for the inability to produce gas during a specific period. These payments help to offset the losses incurred by landowners due to the temporary shutdown. 2. Shut-In Well Classification: The END classifies shut-in wells into various categories based on the specific reason for the halt in production. This classification helps determine the applicable shut-in royalty rates and guidelines for each well. Some common classification categories for shut-in wells include mechanical failure, maintenance and inspection, regulatory compliance, and market conditions. 3. Shut-In Orifice Meter: Gas production is often measured using an orifice meter, which measures the volume of gas extracted. In cases of shutting-in gas wells, landowners may be required to utilize shut-in orifice meters to accurately measure the production loss during the period of closure. These meters ensure that landowners receive fair compensation for the unproduced gas. 4. Right-of-Way Shut-In Royalty: If the gas wells are located on public or privately owned right-of-ways, the landowners may be entitled to additional compensation known as right-of-way shut-in royalty. This compensation accounts for any disturbance caused to the landowners and their properties due to the shut-in procedures. It is essential for landowners and mineral rights owners in Fulton, Georgia, to understand their rights and obligations regarding shut-in gas royalties. By cooperating with relevant governmental entities like the END and participating in the established systems, landowners can ensure proper compensation for their valuable natural gas resources.Fulton Georgia Shut-In Gas Royalty refers to the compensation that landowners or mineral rights owners in Fulton County, Georgia receive when their natural gas wells are temporarily shut-in or not producing due to various reasons. This payment serves as a form of financial protection for the landowners during periods when gas production is halted. The shut-in gas royalty system in Fulton, Georgia is established by the Georgia Department of Natural Resources' Environmental Protection Division (END) to regulate and manage the extraction and production of natural gas within the county. There are different types of Fulton Georgia Shut-In Gas Royalty, namely: 1. Shut-In Royalty Payments: When gas production ceases, landowners are entitled to receive shut-in royalty payments, which compensate them for the inability to produce gas during a specific period. These payments help to offset the losses incurred by landowners due to the temporary shutdown. 2. Shut-In Well Classification: The END classifies shut-in wells into various categories based on the specific reason for the halt in production. This classification helps determine the applicable shut-in royalty rates and guidelines for each well. Some common classification categories for shut-in wells include mechanical failure, maintenance and inspection, regulatory compliance, and market conditions. 3. Shut-In Orifice Meter: Gas production is often measured using an orifice meter, which measures the volume of gas extracted. In cases of shutting-in gas wells, landowners may be required to utilize shut-in orifice meters to accurately measure the production loss during the period of closure. These meters ensure that landowners receive fair compensation for the unproduced gas. 4. Right-of-Way Shut-In Royalty: If the gas wells are located on public or privately owned right-of-ways, the landowners may be entitled to additional compensation known as right-of-way shut-in royalty. This compensation accounts for any disturbance caused to the landowners and their properties due to the shut-in procedures. It is essential for landowners and mineral rights owners in Fulton, Georgia, to understand their rights and obligations regarding shut-in gas royalties. By cooperating with relevant governmental entities like the END and participating in the established systems, landowners can ensure proper compensation for their valuable natural gas resources.
