Looking for info on "Shut in Royalty" paragraph.
The Antero proposed lease has this item. Antero can renew the lease forever by paying 10 dollars per year per acre. The landman said it is standard....but it looks to me like a perpetual cheap renewal. But maybe there is an industry standard definition of "Shut In" that limits them from invoking it when they are not producing and the lease should expire.
Looking for help.....thanks for any insight.
Paul