Sacramento California Shut-In Gas Royalty

Name: Sacramento California Shut-In Gas Royalty
Brand: US Legal Forms
Rating: 4.84 (443 reviews)

Category:

Oil Gas and Minerals - Lease Riders

State:

Multi-State

County:

Sacramento

Control #:

US-OG-824

Format:

Instant download

Description

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.

Sacramento California Shut-In Gas Royalty is the compensation paid to mineral rights owners when natural gas production from their properties is temporarily halted due to certain circumstances, such as market conditions, low gas prices, lack of infrastructure, or technical issues. This type of royalty payment is applicable to gas wells situated in the Sacramento, California region. When gas production is shut-in, it means that the gas well is not actively producing or selling gas to market. Despite the lack of production, the mineral rights' owner still possesses the legal right to receive compensation for the gas reserves they own. The payment is made to offset the potential income loss while the gas well remains temporarily inactive. Sacramento California Shut-In Gas Royalty offers a financial safeguard for mineral rights owners in times when it is not economically viable to continue gas production. By receiving shut-in royalties, owners can mitigate the financial impact of suspending gas production until more favorable market conditions or technical solutions are available. It is important to mention that there are no specific types of Sacramento California Shut-In Gas Royalty as it is a general term referring to the compensation received when gas production is halted in the Sacramento, California area. However, each royalty agreement might have specific terms and conditions agreed upon by the mineral rights owner and the gas production company, which could vary depending on individual circumstances and agreements. Keywords: Sacramento California, Shut-In Gas Royalty, compensation, mineral rights owners, natural gas production, temporarily halted, market conditions, low gas prices, lack of infrastructure, technical issues, gas well, inactive, income loss, financial safeguard, economically viable, favorable market conditions, technical solutions, royalty agreement.

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In the petroleum industry, shutting-in is the implementation of a production cap set lower than the available output of a specific site. This may be part of an attempt to constrict the oil supply or a necessary precaution when crews are evacuated ahead of a natural disaster.

in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.

Shut in a well in the Oil and Gas Industry (0283028ct 026an 0259 w025bl) phrase. (Extractive engineering: Field development, Drilling) To shut in a well is to close off a well so that it stops producing. An emergency shutdown valve was installed on the wellhead to shut in the well at any time.

A payment stipulated in the oil and gas lease, which royalty owners receive in lieu of actual production, when a gas well is shut-in due to lack of a suitable market, a lack of facilities to produce the product, or other cases defined within the shut-in provisions contained in the oil and gas lease.

Essentially, the shut-in royalty provision allows a lessee to temporarily cease production (i.e., shut-in a well) and pay a shut-in royalty to the lessor in place of the royalty on production that is not occurring during the shut-in period.

In such circumstances where a gas well has been completed but no market exists for the gas, the shut-in clause enables a lessee to keep the non-producing lease in force by the payment of the shut-in royalty.

Shut in a well in the Oil and Gas Industry To shut in a well is to close off a well so that it stops producing. well. Related wordsTo cap a well also means to seal a well off and to kill a well is to stop it from flowing by the use of mud or water to stop the pressure.

The federal government charges oil and gas companies a royalty on hydrocarbon resources extracted from public lands. The standard Federal royalty payment was 12.5%, or a 1/8th royalty.

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Federal Oil and Gas Royalty Management Act of 1982 (FOGRMA). SIOUX FALLS, S.D. (KELO) The Sioux Falls Canaries have been in existence for over a century.The results of Dempsey 1-15 well, including sales gas flows from older reservoirs for the first time in. Get 50 headshot kills or Get 30 headshot kills in a single match. If you're a fan of burning rubber and throwing gas, come out to Racing Night at the ballpark and meet Noah Gragson and Cole Custer. SACRAMENTO, Calif. Judge Advocate General (Navy).

Sacramento California Shut-In Gas Royalty

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