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.
Nassau New York Shut-In Gas Royalty refers to a specific type of gas royalty arrangement in Nassau County, New York, which involves the temporary suspension or cessation of gas production due to unforeseen circumstances. This arrangement provides benefits and compensation to gas leaseholders in the region when gas production activities are forced to halt. The shut-in gas royalty concept is designed to protect gas leaseholders from financial losses during times when gas wells cannot produce due to well shutdowns, market conditions, or infrastructure issues. When gas production is temporarily suspended, these royalties' arrangement ensures that leaseholders are still compensated for their lost production. In Nassau County, there are several types of shut-in gas royalties that leaseholders can expect to encounter: 1. Forced Shut-In Gas Royalty: This type of royalty occurs when gas production is suspended due to external factors beyond the control of the leaseholder, such as a regulatory shutdown, equipment failure, or natural disaster. 2. Market Shut-In Gas Royalty: Market conditions can sometimes cause temporary disruptions in gas production. When gas prices fall below a certain threshold, it may not be economically viable for producers to continue operations. In such cases, leaseholders are entitled to a royalty payment compensating for their lost production. 3. Infrastructure Shut-In Gas Royalty: Gas production can be temporarily halted if there are issues with the infrastructure, such as pipeline leaks, maintenance, or repair works. Leaseholders affected by infrastructure shutdowns are typically entitled to receive shut-in gas royalties to compensate for the period of lost production until the issue is resolved. 4. Emergency Shut-In Gas Royalty: During unforeseen emergencies, such as gas leaks or safety hazards, gas production may be immediately halted to ensure public safety. In such cases, leaseholders are entitled to protection and compensation through emergency shut-in gas royalties. Overall, the Nassau New York Shut-In Gas Royalty serves as a crucial mechanism that provides compensation and financial security to gas leaseholders in Nassau County during periods of discontinued gas production. It protects leaseholders from potential losses and ensures a fair and equitable arrangement between leaseholders and gas producers.Nassau New York Shut-In Gas Royalty refers to a specific type of gas royalty arrangement in Nassau County, New York, which involves the temporary suspension or cessation of gas production due to unforeseen circumstances. This arrangement provides benefits and compensation to gas leaseholders in the region when gas production activities are forced to halt. The shut-in gas royalty concept is designed to protect gas leaseholders from financial losses during times when gas wells cannot produce due to well shutdowns, market conditions, or infrastructure issues. When gas production is temporarily suspended, these royalties' arrangement ensures that leaseholders are still compensated for their lost production. In Nassau County, there are several types of shut-in gas royalties that leaseholders can expect to encounter: 1. Forced Shut-In Gas Royalty: This type of royalty occurs when gas production is suspended due to external factors beyond the control of the leaseholder, such as a regulatory shutdown, equipment failure, or natural disaster. 2. Market Shut-In Gas Royalty: Market conditions can sometimes cause temporary disruptions in gas production. When gas prices fall below a certain threshold, it may not be economically viable for producers to continue operations. In such cases, leaseholders are entitled to a royalty payment compensating for their lost production. 3. Infrastructure Shut-In Gas Royalty: Gas production can be temporarily halted if there are issues with the infrastructure, such as pipeline leaks, maintenance, or repair works. Leaseholders affected by infrastructure shutdowns are typically entitled to receive shut-in gas royalties to compensate for the period of lost production until the issue is resolved. 4. Emergency Shut-In Gas Royalty: During unforeseen emergencies, such as gas leaks or safety hazards, gas production may be immediately halted to ensure public safety. In such cases, leaseholders are entitled to protection and compensation through emergency shut-in gas royalties. Overall, the Nassau New York Shut-In Gas Royalty serves as a crucial mechanism that provides compensation and financial security to gas leaseholders in Nassau County during periods of discontinued gas production. It protects leaseholders from potential losses and ensures a fair and equitable arrangement between leaseholders and gas producers.
