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.
Wyoming Shut-In Oil Royalty
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Multi-State
Control #:
US-OG-825
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Word;
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Description
How to fill out Shut-In Oil Royalty?
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FAQ
In 1884 the first oil well was drilled southeast of present day Lander. The deepest well drilled in Wyoming to date is a 25,830-foot true vertical depth (TVD) producing gas well in the Madden Field near Lost Cabin in Fremont County.
Cost Free Royalty Provision shall refer to a provision in the royalty clause of a lease pursuant to which the lessor does not bear certain post production costs traditionally shared by the lessor, i.e., providing that the lessor's royalty interest shall not bear any charge for the cost of compressing, treating, ...
In 2022, Wyoming ranked eighth nationally in crude oil production. Wyoming produced 90.9 million barrels of crude oil in 2022, up from 85.5 million barrels in 2021.
Data ReservesReservesWyomingPeriodCrude Oil (as of Dec. 31)978 million barrels2021Expected Future Production of Dry Natural Gas (as of Dec. 31)15,005 billion cu ft2021Expected Future Production of Natural Gas Plant Liquids563 million barrels20216 more rows
The royalty rate on State of Wyoming leased minerals is usually 16.66%, and has been since the 1980s. The royalty rate on new private mineral leases in the most productive parts of Campbell, Platte, Johnson, Converse and neighboring counties usually ranges from 17% to 20%.
A clause in an oil & gas lease that allows a lessee to keep the lease in effect past the primary term by substituting payment of shut-in royalty for actual production.
Wyoming Inland Rig Count is at a current level of 17.00, down from 18.00 last week and down from 23.00 one year ago. This is a change of -5.56% from last week and -26.09% from one year ago.
Texas houses far more proved crude oil reserves than any other U.S. state. As of 2021, there was over 18.6 billion barrels of crude oil reserves in Texas; the largest sources being the Eagle Ford and Permian basin.
