Utah Admin. Code R652-21-808 - Shut-in
For the state to obtain a full and fair return for its public trust assets, the Parties mutually agree that, if an Operator is unable to produce in Paying Quantities for more than two consecutive fiscal quarters, the division may require an Operator to cease operations until market conditions improve. If operations are ceased under this provision the Operator's royalty obligations shall be suspended.
Notes
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