Marcellus "Shut In" Clause in Lease - GoMarcellusShale.com2024-03-29T02:27:24Zhttps://gomarcellusshale.com/forum/topics/marcellus-shut-in-clause-in-lease?feed=yes&xn_auth=noTypical shut in clauses say t…tag:gomarcellusshale.com,2019-10-02:2274639:Comment:8118542019-10-02T14:53:55.619ZKyle Nuttallhttps://gomarcellusshale.com/profile/KyleNuttall
<p>Typical shut in clauses say that a well has to be capable of production in order for it to be considered shut in. Your lease may have different language. You'll need to read the lease. If what you're saying is that you've read the lease and the shut in clause defined shut in as a well bit penetrated the surface but was never completed then you're probably right in thinking that the well is shut in as defined in your lease.</p>
<p>I would want to read the actual language of the lease…</p>
<p>Typical shut in clauses say that a well has to be capable of production in order for it to be considered shut in. Your lease may have different language. You'll need to read the lease. If what you're saying is that you've read the lease and the shut in clause defined shut in as a well bit penetrated the surface but was never completed then you're probably right in thinking that the well is shut in as defined in your lease.</p>
<p>I would want to read the actual language of the lease myself before giving a more definitive answer.</p>