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"Shut in." After the Acquisitionsv. Frontier opinion, they would've amended the lease to...

Partner Track • S01E02 • 2022

"Shut in." After the Acquisitions
v. Frontier opinion, they would've amended the lease to create
more flexibility for payment of royalties! Shut-in royalties! Meet me in the '80s! [Gasps] Okay. A "shut-in" clause would allow the Mins
to hold onto the mineral rights even if not producing oil
by paying royalties to landowners. I mean, they must have done one. Start looking! Anything that relates
to Louisiana, crude oil, lease addendums. Okay. Oh. Here we go. Nope. Keep going. [Justin] Really? Hmm. [mumbles]

Full Transcript

00:00:01.000 --> 00:00:02.000

"Shut in."

00:00:03.169 --> 00:00:05.713

After the Acquisitions v. Frontier opinion,

00:00:05.796 --> 00:00:09.675

they would've amended the lease to create more flexibility for payment of royalties!

00:00:10.384 --> 00:00:11.635

Shut-in royalties!

00:00:13.137 --> 00:00:15.139

Meet me in the '80s! [Gasps]

00:00:15.222 --> 00:00:16.014

Okay.

00:00:16.223 --> 00:00:19.185

A "shut-in" clause would allow the Mins to hold onto the mineral rights

00:00:19.268 --> 00:00:21.621

even if not producing oil by paying royalties to landowners.

00:00:21.645 --> 00:00:23.189

I mean, they must have done one.

00:00:23.272 --> 00:00:27.359

Start looking! Anything that relates to Louisiana, crude oil, lease addendums.

00:00:27.443 --> 00:00:29.945

Okay. Oh. Here we go.

00:00:32.999 --> 00:00:33.407

Nope. Keep going.

00:00:33.491 --> 00:00:34.491

[Justin] Really?

00:00:37.998 --> 00:00:38.998

Hmm.

00:00:39.497 --> 00:00:40.706

[mumbles]

Duration

41 seconds

Views

42

Timestamp in Movie

00:27:23

Uploaded

May 05, 2025

Season

1

Episode

2

Genres

Production

Jax Media

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Movie Summary

Centers on Ingrid Yun, an idealistic young lawyer, struggles with her moral compass and her passions as she fights to climb the partner track at an elite New York City law firm.