This form is used for the purposes of more effectively developing, producing, and operating the Unit Area in order to prevent surface and underground waste, and obtain the greatest ultimate recovery of production of oil and gas, promote conservation, and to afford each of the Parties the right to recover their fair and equitable share of the production to be obtained from the Unit Area, or to receive the attributable proceeds of such production.
Alaska Gas Storage and Secondary Recovery Unit Agreement
Category:
State:
Multi-State
Control #:
US-OG-774
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Gas Storage And Secondary Recovery Unit Agreement?
You can commit several hours online looking for the legitimate document web template that suits the federal and state needs you will need. US Legal Forms provides thousands of legitimate types that are reviewed by pros. It is simple to acquire or print out the Alaska Gas Storage and Secondary Recovery Unit Agreement from my services.
If you have a US Legal Forms account, you are able to log in and click on the Acquire button. After that, you are able to full, edit, print out, or indication the Alaska Gas Storage and Secondary Recovery Unit Agreement. Every legitimate document web template you acquire is your own for a long time. To obtain yet another backup for any obtained kind, go to the My Forms tab and click on the related button.
If you use the US Legal Forms site the very first time, keep to the easy guidelines listed below:
- Initial, be sure that you have selected the proper document web template for the area/town of your liking. Read the kind outline to make sure you have selected the appropriate kind. If readily available, use the Review button to check from the document web template as well.
- If you wish to get yet another model from the kind, use the Research area to discover the web template that fits your needs and needs.
- Once you have found the web template you need, simply click Acquire now to proceed.
- Find the prices plan you need, enter your credentials, and sign up for an account on US Legal Forms.
- Complete the purchase. You can use your bank card or PayPal account to fund the legitimate kind.
- Find the structure from the document and acquire it to the system.
- Make adjustments to the document if required. You can full, edit and indication and print out Alaska Gas Storage and Secondary Recovery Unit Agreement.
Acquire and print out thousands of document web templates while using US Legal Forms web site, that offers the largest variety of legitimate types. Use skilled and condition-certain web templates to take on your company or specific demands.
Form popularity
FAQ
While royalties on oil and gas produced from state territory generally hover between 12.5% and 16.67%, state law gives the commissioner of the Department of Natural Resources the authority to vary those terms if doing so is deemed in the state's best interest.
Today, we have three active refineries, including one in North Pole and another in Valdez. These refineries employ hundreds of Alaskans across the state, and together they work seven days a week, 365 days a year to produce quality fuels for our many in-state needs.
Alaska residents have been receiving annual dividend payments from the state's Permanent Fund for 41 years, but the 2022 payout is one of the largest in history. Every resident received $3,284 this year, with most payments issued in September and October.
The political cost of the benefit is high. JUNEAU, Alaska (AP) ? Nearly every Alaskan will receive a $1,312 check starting this week, their annual share from the earnings of the state's nest-egg oil fund.
Formerly known as Naval Petroleum Reserve No. 4, the National Petroleum Reserve in Alaska (NPR-A) is now a vast approximately 23-million-acre area on Alaska's North Slope.
Alaska's oil royalty rate varies ing to the terms of the lease agreement. It can range from 5% to 60% but is most often 12.5%. Some leases receive royalty rate reductions for new discoveries or economic considerations.
A royalty is the percentage of revenue paid to the federal government by energy companies from the sale of oil, gas, or coal extracted from the nation's public lands. The current royalty rate officially charged for oil, gas, and coal drilled or mined from U.S. public lands is 12.5 percent.
Most of Alaska's crude oil production?typically over 95%?occurs on the North Slope. The Trans-Alaska Pipeline System, which began operating in 1977, transports crude oil 800 miles from the frozen North Slope to the warm-water port at Valdez, on Alaska's southern coast.