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.
Tarrant Texas Shut-In Gas Royalty is the term used to describe the compensation received by mineral rights owners in Tarrant County, Texas for natural gas production that has been temporarily halted or shut-in. This situation usually arises when market conditions or operational issues prevent the producer from extracting or selling the natural gas. The shut-in gas royalty refers specifically to the financial compensation that these mineral rights owners receive for the temporary suspension of production. Even though the gas is not being extracted and sold during this period, the mineral rights owners are entitled to a share of the revenue based on their ownership percentage. Different types of Tarrant Texas Shut-In Gas Royalty can include: 1. Traditional Shut-In Royalty: This is the standard type where the mineral rights' owner receives a predetermined percentage of the revenue from the natural gas they own but cannot be produced due to operational or market constraints. It is a common agreement between the royalty owner and the gas producer. 2. Shut-In Royalty Clause: This refers to a specific provision or clause in the lease agreement between the mineral rights owner and the gas producer. The clause outlines the terms, conditions, and compensation structure for the shut-in gas royalty during the suspension period. 3. Extended Shut-In Royalty: In some cases, the temporary suspension of gas production might be prolonged due to various factors. Under this type of shut-in gas royalty, the mineral rights' owner continues to receive compensation beyond the initial agreed-upon time frame. 4. Voluntary Shut-In Royalty Agreement: This may occur when the mineral rights owner and the gas producer mutually agree to temporarily halt production due to different reasons, such as low gas prices or insufficient demand. The compensation structure is typically negotiated in this situation. Overall, Tarrant Texas Shut-In Gas Royalty is a mechanism designed to ensure that mineral rights owners in Tarrant County are fairly compensated for the disruption in production. The specific terms and agreements may vary depending on the circumstances and the lease agreements between the parties involved.Tarrant Texas Shut-In Gas Royalty is the term used to describe the compensation received by mineral rights owners in Tarrant County, Texas for natural gas production that has been temporarily halted or shut-in. This situation usually arises when market conditions or operational issues prevent the producer from extracting or selling the natural gas. The shut-in gas royalty refers specifically to the financial compensation that these mineral rights owners receive for the temporary suspension of production. Even though the gas is not being extracted and sold during this period, the mineral rights owners are entitled to a share of the revenue based on their ownership percentage. Different types of Tarrant Texas Shut-In Gas Royalty can include: 1. Traditional Shut-In Royalty: This is the standard type where the mineral rights' owner receives a predetermined percentage of the revenue from the natural gas they own but cannot be produced due to operational or market constraints. It is a common agreement between the royalty owner and the gas producer. 2. Shut-In Royalty Clause: This refers to a specific provision or clause in the lease agreement between the mineral rights owner and the gas producer. The clause outlines the terms, conditions, and compensation structure for the shut-in gas royalty during the suspension period. 3. Extended Shut-In Royalty: In some cases, the temporary suspension of gas production might be prolonged due to various factors. Under this type of shut-in gas royalty, the mineral rights' owner continues to receive compensation beyond the initial agreed-upon time frame. 4. Voluntary Shut-In Royalty Agreement: This may occur when the mineral rights owner and the gas producer mutually agree to temporarily halt production due to different reasons, such as low gas prices or insufficient demand. The compensation structure is typically negotiated in this situation. Overall, Tarrant Texas Shut-In Gas Royalty is a mechanism designed to ensure that mineral rights owners in Tarrant County are fairly compensated for the disruption in production. The specific terms and agreements may vary depending on the circumstances and the lease agreements between the parties involved.
