Shut-In Gas Xxxxx Sample Clauses

Shut-In Gas Xxxxx. 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:
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