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.
Los Angeles California Shut-In Gas Royalty refers to the financial compensation received by landowners or mineral rights holders in the Los Angeles area for shutting in the production of natural gas wells temporarily. This can occur due to various reasons, such as low gas prices, maintenance work, or regulatory requirements. Shutting in the wells refers to stopping the extraction of natural gas temporarily without permanently closing them down. The Los Angeles California Shut-In Gas Royalty program aims to ensure the preservation and conservation of natural gas resources while providing appropriate compensation to those affected by the temporary shutdown. The program recognizes the importance of managing and utilizing gas resources responsibly, considering economic, environmental, and safety factors. Landowners and mineral rights holders who participate in the Los Angeles California Shut-In Gas Royalty program receive royalties for the period the natural gas wells remain shut-in. This financial compensation helps offset the potential loss of income resulting from not extracting and selling the natural gas during the shutdown. In Los Angeles, there are primarily two types of shut-in gas royalty programs that landowners and mineral rights holders can participate in: 1. Voluntary Shut-In Gas Royalty Program: This program allows gas well operators or leaseholders to voluntarily shut-in their wells temporarily, based on market conditions, production costs, or regulatory requirements. Participating landowners receive royalties as compensation for the inactive period. 2. Mandatory Shut-In Gas Royalty Program: This program mandates the temporary shutdown of gas wells due to specific circumstances, such as maintenance work, safety concerns, or environmental protection measures. Landowners and mineral rights holders are entitled to royalties for the duration of the mandated shut-in period. The Los Angeles California Shut-In Gas Royalty programs ensure that the region's natural gas resources are sustainably managed while providing financial benefits to landowners and mineral rights holders. These initiatives aim to balance economic interests with environmental and safety concerns, ensuring the long-term viability and sustainability of the natural gas industry in the region.Los Angeles California Shut-In Gas Royalty refers to the financial compensation received by landowners or mineral rights holders in the Los Angeles area for shutting in the production of natural gas wells temporarily. This can occur due to various reasons, such as low gas prices, maintenance work, or regulatory requirements. Shutting in the wells refers to stopping the extraction of natural gas temporarily without permanently closing them down. The Los Angeles California Shut-In Gas Royalty program aims to ensure the preservation and conservation of natural gas resources while providing appropriate compensation to those affected by the temporary shutdown. The program recognizes the importance of managing and utilizing gas resources responsibly, considering economic, environmental, and safety factors. Landowners and mineral rights holders who participate in the Los Angeles California Shut-In Gas Royalty program receive royalties for the period the natural gas wells remain shut-in. This financial compensation helps offset the potential loss of income resulting from not extracting and selling the natural gas during the shutdown. In Los Angeles, there are primarily two types of shut-in gas royalty programs that landowners and mineral rights holders can participate in: 1. Voluntary Shut-In Gas Royalty Program: This program allows gas well operators or leaseholders to voluntarily shut-in their wells temporarily, based on market conditions, production costs, or regulatory requirements. Participating landowners receive royalties as compensation for the inactive period. 2. Mandatory Shut-In Gas Royalty Program: This program mandates the temporary shutdown of gas wells due to specific circumstances, such as maintenance work, safety concerns, or environmental protection measures. Landowners and mineral rights holders are entitled to royalties for the duration of the mandated shut-in period. The Los Angeles California Shut-In Gas Royalty programs ensure that the region's natural gas resources are sustainably managed while providing financial benefits to landowners and mineral rights holders. These initiatives aim to balance economic interests with environmental and safety concerns, ensuring the long-term viability and sustainability of the natural gas industry in the region.
