Shut-In Payment Standard?

I have another Lease Contract question. I’m trying to find out what the standard oil & gas company shut-in payment is. My lease says after a consecutive 90 day period anytime during the 5 year lease they pay $1.00 per net acre. The lease is then considered to be producing and royalty paid in full. The down time doesn’t count towards the lease term and continues to be extended. Is that standard?

Nothing is standard and good for you in Producers 88 for. Need experience in addenduam and an attorney

Your heading is correct, but should be changed.

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I thought maybe this was about a pair of pants worn by my father-in-law

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