SHUT-IN ROYALTIES. If a well located on the Leased Premises is (i) classified as a gas well by the Railroad Commission, and (ii) at the time of proposed shut in, has a gas to oil ratio of at least 100,000 cubic feet of gas to one barrel of oil, but the well is not produced for lack of a suitable market, Lessee may maintain this Lease in full force and effect by paying to Lessor a payment in the amount set forth in the Rules for shut-in royalties at the time such payment is made, with the first such payment to be made within thirty (30) days after the date the well is shut in or the date this Lease ceases to be in force by any other provision, whichever is later. Subsequent shut-in royalty payments must be made annually no later than the anniversary date of the first payment. Payment of a shut-in royalty after the expiration or other termination of this Lease will not revive or extend this Lease. The failure to timely pay shut-in royalties will result in the termination of the Lease, but provided that shut-in royalty payments are timely made to Lessor, this Lease will be deemed to be producing in Paying Quantities. However, this Lease may not be maintained solely by the payment of shut-in royalties for more than two (2) years in the aggregate (applicable on a Lease-wide basis rather than as to each Production Acreage for each well).
SHUT-IN ROYALTIES. If at the expiration of the primary term or at any time thereafter there is located on the Premises a well or xxxxx capable of producing oil or gas in paying quantities and such oil or gas is not produced for lack of suitable production facilities or a suitable market for the gas and such conditions are outside the reasonable control of Lessee, and this Lease is not being otherwise maintained in force and effect, then this Lease will not terminate and shall be extended for a period of one year if Lessee timely submits an application in form approved by the Lessor and, upon approval of said application, pays a shut-in royalty in the amount specified in the Rules (as hereinafter defined) at the time the shut-in payment is made. Lessee must remit the shut-in royalty payment, together with the required certification, while this Lease is otherwise maintained in force and effect. Payment of shut-in royalty after the expiration or other termination of this Lease will not revive or extend this Lease. Lessee may extend the Lease for a maximum of four additional and successive periods of one-year each by the payment of a like sum of money each year on or before the expiration of the extended term so long as the conditions that allow such extension continue.
SHUT-IN ROYALTIES. If at the expiration of the Primary Term or at any time thereafter there is located on the Premises a well or xxxxx capable of producing Oil or Gas in paying quantities, and Oil or Gas is not produced for lack of suitable production facilities or a suitable market for the Gas, and such conditions are outside the reasonable control of Lessee, and this Lease is not being otherwise maintained, then the Lease will not terminate but will be extended for a period of one year if Lessee timely submits a written request to pay a shut-in Royalty, receives written approval from Lessor to do so, and pays a shut-in Royalty of thirty dollars ($30.00) per net mineral acre that Lessee is entitled to retain pursuant to Article 8. Lessee may extend the Lease for a maximum of two (2) additional, successive periods of one-year each by the payment of a shut-in Royalty each year on or before the expiration of the extended term as long as the conditions that allow such extension continue. If at any time during which any well (or xxxxx) is shut-in, Oil and Gas is produced, sold and delivered in Paying Quantities from a well off the Premises but that is situated within such distance that Lessor reasonably determines that drainage from the Premises may be occurring, Lessee will lose its right to further extend the Lease by payment of shut-in Royalties.
SHUT-IN ROYALTIES. If a well located on the Leased Premises is capable of producing gas, or gas and condensate, in Paying Quantities, but the well is not produced for lack of a satisfactory market, Lessee may maintain this Lease in full force and effect by paying to Lessor a payment in the amount set forth in the Rules for shut-in royalties at the time such payment is made, with the first such payment to be made within thirty (30) days after the date the well is shut in or the date this Lease ceases to be in force by any other provision, whichever is later. Subsequent shut-in royalty payments must be made annually on the anniversary date of the first payment. Payment of a shut-in royalty after the expiration or other termination of this Lease will not revive or extend this Lease. As long as shut-in royalty payments are made to Lessor, this Lease will be deemed to be producing in Paying Quantities. However, this Lease may not be maintained solely by the payment of shut-in royalties for more than two (2) years in the aggregate.
SHUT-IN ROYALTIES. If, at the expiration of the primary term or at any time thereafter, a well or xxxxx capable of producing oil or gas in paying quantities is located on the leased premises but oil or gas is not being produced for lack of suitable production facilities or a suitable market, and the lease is not being maintained in force and effect, Lessee may pay as a shut-in oil or gas royalty an amount equal to double the annual rental provided in Paragraph 3 of this lease but not less than $1,200 a year for each well capable of producing oil or gas in paying quantities. If Paragraph 3 of this lease does not specify
SHUT-IN ROYALTIES. If at the expiration of the Primary Term or at any time thereafter there is located on the Premises a well or xxxxx capable of producing Oil or Gas in paying quantities and such Oil or Gas is not produced for lack of suitable production facilities or a suitable market for the Gas and such conditions are outside the reasonable control of Lessee, and this Contract is not being otherwise maintained in force and effect, then this Contract will not terminate and shall be extended for a period of one year if Lessee timely submits an application in form approved by the Lessor and, upon approval of said application, pays a shut-in Royalty in the amount of $5,000.00. Lessee must remit the shut-in Royalty payment, together with the required certification, while this Contract is otherwise maintained in force and effect. Payment of shut-in Royalty after the expiration or other termination of this Contract will not revive or extend this Contract.
