This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the standard lease form.
New Hampshire Shut-In Gas Royalty refers to a type of royalty payment received by landowners in New Hampshire for the extraction and production of natural gas that has been temporarily shut-in or halted due to various reasons. This type of royalty is specific to the state of New Hampshire and impacts landowners who have natural gas reserves on their properties. When gas production is shut-in, it means that the extraction and distribution of natural gas from a particular well or field has been suspended for a temporary period. This can occur due to various factors such as low gas prices, infrastructure limitations, environmental concerns, or regulatory issues. During the shut-in period, landowners may still receive royalty payments for the gas reserves that have been shut-in, compensating them for the potential revenue loss. The shut-in gas royalty is an essential mechanism to ensure that landowners are fairly compensated for their gas reserves, even when production is temporarily ceased. These royalties act as a financial safeguard for landowners who heavily rely on the income generated from gas production to sustain their livelihoods or achieve economic growth. It is worth noting that there are no specific types of shut-in gas royalties in New Hampshire. Instead, the term "New Hampshire Shut-In Gas Royalty" encompasses all cases where natural gas production is temporarily halted, regardless of the specific reasons behind the shut-in. However, the method of calculation and the exact amount of shut-in gas royalties can vary depending on existing lease agreements, production levels, market conditions, and regulatory frameworks. In conclusion, New Hampshire Shut-In Gas Royalty refers to the compensation received by landowners when the production and extraction of natural gas on their properties are temporarily suspended. This payment ensures that landowners are adequately compensated for the potential loss of revenue during the shut-in period. Although there are no specific types of shut-in gas royalties in New Hampshire, the concept applies to all cases of temporary gas production cessation in the state.
