This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Alaska Take Or Pay Gas Contracts
Category:
State:
Multi-State
Control #:
US-OG-832
Format:
Word;
Rich Text
Instant download
Description
How to fill out Take Or Pay Gas Contracts?
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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.
Texas: More than 1.8 billion barrels of crude oil produced, or 42.4% of total US production. New Mexico: More than 574 million barrels of crude oil produced, or 13.2% North Dakota: More than 386 million barrels of crude oil produced, or 8.9% Alaska: More than 159 million barrels of crude oil produced, or 3.7%
Alaskan gas wells are located in two regions. The largest source is the North Slope area around Prudhoe Bay where gas was discovered along with oil in 1968. In 1974 the State of Alaska's Division of Geological & Geophysical Surveys estimated that the field held 26×1012 cu ft (740 km3) of natural gas.
A refinery in Kenai, southwest of Anchorage, produces most of the state's motor gasoline as well as some distillate fuel oil. Two other refineries, located in Valdez and near Fairbanks, also produce diesel and heating fuels.
Enstar Natural Gas Company provides Natural Gas service to Alaskan residents and businesses.
BLM ALASKA OIL AND GAS Oil and gas leasing on Alaska's Federal lands is concentrated in three regions: the Cook Inlet Region on both sides of the Cook Inlet, and along Alaska's North Slope the National Petroleum Reserve in Alaska (NPR-A) and the Coastal Plain of the Arctic National Wildlife Refuge (ANWR).
Crude oil is the main source of gasoline and the key driver in gasoline prices. The price of crude oil in Alaska is tied to that global market, even though some of the crude oil used to make gasoline in Alaska comes from in-state oil fields.
Alaska Natural Gas Commercial Price is at a current level of 11.34, down from 11.60 last month and up from 11.33 one year ago. This is a change of -2.24% from last month and 0.09% from one year ago.
