Shut-In Gas ▇▇▇▇▇ Clause Samples

Shut-In Gas ▇▇▇▇▇. If a well capable of producing Gas or Gas and gas-condensate in Paying Quantities located on the Leased Premises, or on lands pooled, unitized or communitized therewith, is at any time shut-in due to market conditions or lack of any available pipeline, so that no Gas or gas-condensate there from is sold or used off the Leased Premises or for the manufacture of gasoline or other products, and this Lease is not otherwise being maintained by another well producing Oil and/or Gas from the Leased Premises in Paying Quantities, this Lease shall nevertheless remain in full force and effect and such shut-in well shall be deemed to be a well on the Leased Premises producing Oil and/or Gas in Paying Quantities so long as Lessee remits to Lessor those shut-in royalty payments called for herein. Lessee, with due diligence as a prudent operator, shall make reasonable efforts to open markets for production obtainable from such shut-in well, but Lessee is under no obligation to market production except pursuant to prudent terms and conditions which will economically benefit both Lessor and Lessee. Lessee shall use due diligence to market Gas or Gas and gas condensate capable of being produced from a shut-in well but shall be under no obligation to market such products under terms, conditions, or circumstances which, in Lessee's reasonable judgment, are unsatisfactory. If a well is shut-in for a continuous period in excess of thirty (30) consecutive days, or during a calendar year for a cumulative period in excess of ninety (90) days, Lessee shall pay or tender to Lessor, in addition to all other Lease Payments, a shut-in royalty under the conditions and in the amounts hereafter specified, which shut-in royalty shall be computed as follows: A.) As to each year of the first years during which a well is shut-in on one or more occasions for a continuous period in excess of the 30-day period above stated, or for a cumulative period in excess of the 90-day period above stated, Lessee shall pay or tender to Lessor within forty-five (45) days after the next ensuing anniversary date of this Lease a total amount equal to Dollars ($ ) per acre; B.) As to each year after the first years during which a well is shut-in on one or more occasions for a continuous period in excess of the 30-day period above stated, or for a cumulative period in excess of 90-day period above stated, Lessee shall pay or tender to Lessor within forty-five (45) days after the next ensuing anniversary date of ...
View SourceView Similar (3)

Related to Shut-In Gas ▇▇▇▇▇

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Gas If Customer has selected a Gas Fixed Rate, Customer’s Price will be based on the Fixed Rate(s), plus the Administration Charge, set forth in the Application, which includes RITERATE ENERGY’s compressor fuel and transportation charges, administrative and transaction costs and the Gas Balancing Amount and any Regulatory Charges (defined below).

  • Initiating Interconnection 4.1 If ENT determines to offer Telephone Exchange Services and to interconnect with Verizon in any LATA in which Verizon also offers Telephone Exchange Services and in which the Parties are not already interconnected pursuant to this Agreement, ENT shall provide written notice to Verizon of the need to establish Interconnection in such LATA pursuant to this Agreement. 4.2 The notice provided in Section 4.1 of this Attachment shall include (a) the initial Routing Point(s); (b) the applicable technically feasible Point(s) of Interconnection on Verizon’s network to be established in the relevant LATA in accordance with this Agreement; (c) ENT’s intended Interconnection activation date; (d) a forecast of ENT’s trunking requirements conforming to Section 14.2 of this Attachment; and (e) such other information as Verizon shall reasonably request in order to facilitate Interconnection. 4.3 The interconnection activation date in the new LATA shall be mutually agreed to by the Parties after receipt by Verizon of all necessary information as indicated above. Within ten (10) Business Days of Verizon’s receipt of ENT’s notice provided for in Section 4.1of this Attachment, Verizon and ENT shall confirm the technically feasible Point of Interconnection on Verizon’s network in the new LATA and the mutually agreed upon Interconnection activation date for the new LATA.

  • Upgrading Qualifications ‌ Where the Employer requires an employee to upgrade their skills or qualifications in order to operate or maintain new equipment, the cost of training and normal living and travel expenses as laid down in this agreement will be borne by the Employer.

  • Voice Grade Unbundled Copper Sub-Loop Unbundled Sub-Loop Distribution – Intrabuilding Network Cable (aka riser cable)