This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.
Colorado Over-Production and Under-Production of Gas
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Multi-State
Control #:
US-OG-502
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Word;
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Data Supply & DistributionProductionColoradoPeriodTotal Energy3,630 trillion Btu2021Crude Oil462 thousand barrels per dayJun-23Natural Gas - Marketed1,879,457 million cu ft202121 more rows ?
Texas is the leading U.S. state in natural gas energy production. In 2022, the oil and gas rich state generated nearly 256 terawatt hours of electricity from gas turbines.
The United States has proven natural gas reserves of 9.7 tcm (341 tcf). Its largest gas field, the Marcellus Shale, may have up to 14 tcm (500 tcf) ing to some estimates.
Colorado has the eighth- largest natural gas reserves in the United States. Colorado has the eighth-largest natural gas reserves of any state, accounting for almost 4% of the U.S. total. It is also the eighth-largest natural gas-producing state in the nation.
Colorado trails the country and other states in the transition to a clean energy economy. Colorado burns more coal than the national average, generating 37% of its electricity from coal in the state compared to the national average of only 20%. Colorado generates less renewable energy than many nearby states.
Immediately, you will notice that fossil fuels (crude, natural gas and coal) make up the lion's share of the energy that the U.S. produces. In fact, the top five energy-producing states overall (Texas, Wyoming, Pennsylvania, Louisiana and West Virginia) are also the top five fossil energy-producing states.
Natural gas is produced in 32 states. The top producing states are Texas, Oklahoma, New Mexico, Wyoming, and Louisiana, which produce more than 50 percent of U.S. natural gas. These are the areas of the United States and Canada where natural gas formations are found.
The top five dry natural gas-producing states in 2022, by amount and percentage share of total U.S. dry gas production, were: Texas?9.25 Tcf?25.4% Pennsylvania?7.41 Tcf?20.4% Louisiana?4.04 Tcf?11.1% West Virginia?2.69 Tcf?7.4% Oklahoma?2.51 Tcf?6.9%
