Meaning Shut-in Royalty Clause
What does Shut-in Royalty Clause mean? Here you find 2 meanings of the word Shut-in Royalty Clause. You can also add a definition of Shut-in Royalty Clause yourself
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Shut-in Royalty ClauseA lease clause that permits the lessee to maintain the lease while there is no production from the premises because wells capable of production are shut-in by making a payment of shut-in royalty in lieu of production.
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Shut-in Royalty Clause
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