Common use of Royalties for: Shut-in Xxxxx and Xxxxx Suspended from Operation Clause in Contracts

Royalties for: Shut-in Xxxxx and Xxxxx Suspended from Operation. Within fifteen (15) calendar days after the anniversary of the Lease Date when a producing well is shut-in or suspended from operation for a period greater than 180 continuous calendar days, the Lessee shall pay to the Lessor, for each acre of the leased premises located within the established oil and/or gas Production Unit, a sum equal to the rental rate applicable under the terms of C(1b). For each year thereafter, any shut-in rate shall increase an additional $1.00 per acre per year. Such payment shall be deemed a royalty under all provisions of this Lease.

Royalties for: Shut-in Xxxxx and Xxxxx Suspended from Operation. Within fifteen (15) calendar days after the anniversary of the Lease Date when a producing well is shut-in or suspended from operation for a period greater than 180 continuous calendar days, the Lessee shall pay to the Lessor, for each acre of the leased premises located within the established oil and/or gas Production Unit, a sum equal to the rental rate applicable under the terms of C(1b). For each year thereafter, any shut-shut- in rate shall increase an additional $1.00 per acre per year. Such payment shall be deemed a royalty under all provisions of this Lease.

Royalties for: Shut-in Xxxxx and Xxxxx Suspended from Operation. Within fifteen (15) calendar days after the anniversary of the Lease Date when a producing well is shut-in or suspended from operation for a period greater than 180 continuous calendar days, the Lessee shall pay to the Lessor, for each acre of the leased premises located within the established oil and/or gas Production Unit, a sum equal to the rental rate applicable under the terms of C(1b). For And for each year thereafter, any shut-in rate shall increase an additional $1.00 per acre per year. Such payment shall be deemed a royalty under all provisions of this Lease.