SHUT-IN PAYMENTS. While there is a well on this lease or on acreage pooled therewith, which well is capable of producing only gas, gas condensate, or some combination of gas and gas condensate, bet from which production is not be sold or used, this lease shall be extended for a period of one year (1 year) from the date such well is shut-in, and the Lessee may tender or pay annually as royalty the sum of One Dollar ($l.00) for tack net mineral acre covered hereby, payment or tender of such royalty may be made by check or draft of Lessee mailed or delivered to Lessor, with the first payment to be made on or before one year (1 year) from and after the date on which such well is shut-in, and a similar payment to be made annually thereafter on or before the anniversary date on which such well is shut-in, and if such payments are so made, it shall be considered that gas, gas condensate, or it combination of gas and gas condensate is being produced in paying quantities from the above described land under all the terms, conditions and limitation of this lease.
SHUT-IN PAYMENTS. Operator shall be responsible for making any and all shut-in payments which may become due under any lease Operator acquires an interest pursuant to this Agreement and billing Farmor for its proportionate share. Operator shall notify Farmor immediately whenever a Test Well is shut-in for whatever reason.
SHUT-IN PAYMENTS. (1) If at any time or times (during or after the Primary Term), there is on the Leased Premises a gas and/or oil well or xxxxx capable of Production in Paying Quantities, but gas and/or oil is not being used, produced, or marketed therefrom because of the lack of a reasonable market or production/marketing facilities (“Qualifying Conditions”), and if this Lease is not then being otherwise maintained, Lessee may make a request to maintain this Lease in force by making a payment at the rate of Fifty Dollars ($50.00) per acre for the acreage not otherwise maintained under the terms of this Lease (“
SHUT-IN PAYMENTS. Notwithstanding anything to the contrary herein contained, where a well capable of producing oil and/or gas in paying quantities is completed hereunder and is shut-in for a period of one hundred eighty (180) consecutive days, this Lease shall not terminate, but Lessee shall be obligated to pay or tender to the Lessor as royalty for constructive production, $5.00 per net mineral acre retained or leased hereunder, such payment or tender to be made on or before the anniversary date of this Lease next ensuring after the expiration of one hundred eighty (180) days from the date such well is shut-in and thereafter on or before the anniversary date of this Lease during the period such well is shut-in. If such payment is made, it will be considered that oil and/or gas is being produced within the meaning of this Lease.
SHUT-IN PAYMENTS. Shut-in payments on Farmee’s well shall be made by Farmee or Farmee’s Operator. If shut-in payments are made by Farmor, Farmee shall reimburse Farmor for 100% of the shut-in payment. Until a Lease on the Lands is assigned in whole or in part to Farmee, Farmor shall be responsible for exercising due diligence and utilizing reasonable commercial efforts to pay all shut-in payments required to maintain the Lease(s) in effect and; within 30 days after receipt of invoice from Farmor, Farmee shall reimburse Farmor for 100% of the shut-in payments paid. If Farmee fails to reimburse Farmor within the time specified, the balance of any unpaid shut-in payment invoice shall bear interest, monthly, at the rate of 10% per annum or the maximum contract rate permitted by the applicable usury laws in the state in which the Lands are located, whichever is the lesser, plus attorney’s fees, court costs and any other costs in connection with the collection of any unpaid balance. After the Lease(s) has been assigned in whole or in part to Farmee, the responsibility for making such payments covering the assigned depths under said Lease(s)shall belong to Farmee. The party responsible for paying shut-in payments shall not be liable to the other party for any loss resulting from any failure to properly do so.
