SHUT-IN. In the event that production of oil, gas, or their constituents is interrupted and not marketed for a period of twelve (12) months, and there is no producing well on the Leasehold or lands pooled/unitized therewith, Lessee shall thereafter, as Royalty for constructive production, pay a Shut-in Royalty equal in amount and frequency to the annual Delay Rental payment until such time as production is re-established (or lessee surrenders the Lease) and this Lease shall remain in full force and effect. During Shut-in, Lessee shall have the right to rework, stimulate, or deepen any well on the Leasehold or to drill a new well on the Leasehold in an effort to re-establish production, whether from an original producing formation or from a different formation. In the event that the production from the only producing well on the Leasehold is interrupted for a period of less than twelve (12) months, this Lease shall remain in full force and effect without payment of Royalty or Shut-in Royalty.
SHUT-IN. If, after the expiration of the Primary Term, there is a well capable of producing in paying quantities or awaiting fracture stimulation, or there is a well whereby the production of oil, gas, or their constituents is interrupted or delayed and not marketed for any reason for a period of [**REDACTED**], and there is no other producing well on the Leased Premises or on lands unitized or combined with the Leased Premises, Lessee may thereafter, as Royalty for constructive production, pay a Shut-In Royalty of [**REDACTED**] per net mineral acre annually, proportionately reduced to Lessor’s percentage of ownership in the Leased premises until such time as production is established or re-established and said payment shall maintain the Lease in full force and effect to the same extent as actual production for the period covered by such payment. During Shut-In, Lessee shall have the right to conduct operations, including re-working, stimulating, or deepening any well or drilling a new well on the Leased Premises or on lands unitized or combined with the Leased Premises in an effort to establish or re-establish production, whether from an original producing formation or from a different formation. In the event that the production from the only producing well on the Leased Premises or on lands unitized or combined with the Leased Premises is interrupted or delayed for a period of [**REDACTED**], this Lease shall remain in full force and effect without payment of Royalty or Shut-In Royalty. Production as used in this Section (C) shall include any horizontal well pending fracture stimulation. [**CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934**]
SHUT-IN. It is understood and agreed that this lease may not be maintained in force for an continuous period of time longer than thirty-six (36) consecutive months, or sixty (60) cumulative months after the expirations of the primary term hereof solely by the provision of the shut-in royalty clause. The shut-in status of any well shall persist only so long as it is necessary to correct, through the exercise of good faith and due diligence, the condition giving the rise to the shut-in of the well.
SHUT-IN a) Company will conduct continuous real-time testing on the Biomethane.
SHUT-IN. In the event that production of oil, gas, or their constituents is interrupted and not marketed for a period of six months, and there is no producing well on the Leasehold, Lessee shall thereafter, as Royalty for constructive production, pay a Shut-In Royalty equal in frequency and amount to the Delay Rental until such time as production is re-established and said payment shall maintain the Lease in full force and effect to the same extent as payment of Royalty. During Shut-In, Lessee shall have the right to re-work, stimulate, or deepen any well on the Leasehold or drill a new well on the Leasehold in an effort to re-establish production, whether from an original producing formation or from a different formation. In the event that the production from the only producing well on the Leasehold is interrupted for a period of less than six months, this Lease shall remain in full force and effect without payment of Royalty or Shut-In Royalty.
SHUT-IN. Shut-in Reserves are expected to be recovered from:
SHUT-IN. If, after expiration of the Primary Term, the production of oil, gas, or their constituents is interrupted and not marketed for a period of six months, and there is no producing well on the Leasehold or on lands unitized or combined with the Leasehold, Lessee shall thereafter, as Royalty for constructive production, pay a Shut-In Royalty of Five Dollars ($5.00) per net mineral acre, proportionately reduced to Lessor’s percentage of ownership in the leased premises until such time as production is re-established and said payment shall maintain the Lease in full force and effect to the same extent as payment of Royalty. During Shut-In, Lessee shall have the right to re-work, stimulate, or deepen any well or drill a new well on the Leasehold or on lands unitized or combined with the Leasehold in an effort to re-establish production from an original producing formation or from a different formation. In the event that the production from the only producing well on the Leasehold or on lands unitized or combined with the Leasehold is interrupted for a period of less than six months, this Lease shall remain in full force and effect without payment of Royalty or Shut-In Royalty. This lease may not be maintained in force for any continuous period of time longer than three (3) consecutive years after the expiration of the primary term hereof solely by the provision of the shut-in clause.
