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.
Connecticut Gas Storage and Secondary Recovery Unit Agreement refers to a contractual agreement entered into by parties involved in the natural gas industry. This specific agreement pertains to the storage and secondary recovery of gas in the state of Connecticut. Gas storage units are facilities used to store natural gas during periods of low demand. These units allow for the accumulation of gas for future use, ensuring a stable and reliable supply throughout the year. The Connecticut Gas Storage and Secondary Recovery Unit Agreement outlines the terms and conditions under which gas storage activities occur within the state. Secondary recovery, in this context, refers to the process of extracting additional gas from mature or depleted gas fields. By utilizing secondary recovery techniques such as gas injection, pressure maintenance, and enhanced gas recovery methods, operators can retrieve a significant amount of previously untapped gas. There may be different types of Connecticut Gas Storage and Secondary Recovery Unit Agreements depending on various factors, including the scope of the project, ownership structure, and specific legal requirements. Some common types include: 1. Underground Natural Gas Storage Agreements: These agreements focus on the storage of natural gas within underground reservoirs or depleted gas fields. They define the roles and responsibilities of both gas storage operators and gas suppliers, ensuring proper management, allocation, and withdrawal of stored gas. 2. Secondary Recovery Projects Agreements: These agreements specifically address the secondary recovery of gas from mature or depleted gas fields. They outline the rights and obligations of the parties involved in the extraction process, addressing issues such as reservoir management, operational responsibilities, and cost-sharing arrangements. 3. Gas Storage Development and Expansion Agreements: These agreements are associated with the development and expansion of gas storage facilities. They encompass the planning, construction, financing, and operation of new or expanded gas storage units, ensuring efficient resource utilization and adherence to regulatory standards. 4. Supply and Off take Agreements: These agreements establish the terms and conditions for the delivery and offloading of gas from storage units to end-users or transmission systems. They ensure the smooth flow of gas between storage facilities and distribution networks, addressing issues such as quantity, quality, pricing, and delivery schedules. In conclusion, the Connecticut Gas Storage and Secondary Recovery Unit Agreement pertains to the contractual arrangements governing the storage and secondary recovery of gas within the state. Different types of agreements exist depending on the specific aspects of the gas storage and secondary recovery projects.Connecticut Gas Storage and Secondary Recovery Unit Agreement refers to a contractual agreement entered into by parties involved in the natural gas industry. This specific agreement pertains to the storage and secondary recovery of gas in the state of Connecticut. Gas storage units are facilities used to store natural gas during periods of low demand. These units allow for the accumulation of gas for future use, ensuring a stable and reliable supply throughout the year. The Connecticut Gas Storage and Secondary Recovery Unit Agreement outlines the terms and conditions under which gas storage activities occur within the state. Secondary recovery, in this context, refers to the process of extracting additional gas from mature or depleted gas fields. By utilizing secondary recovery techniques such as gas injection, pressure maintenance, and enhanced gas recovery methods, operators can retrieve a significant amount of previously untapped gas. There may be different types of Connecticut Gas Storage and Secondary Recovery Unit Agreements depending on various factors, including the scope of the project, ownership structure, and specific legal requirements. Some common types include: 1. Underground Natural Gas Storage Agreements: These agreements focus on the storage of natural gas within underground reservoirs or depleted gas fields. They define the roles and responsibilities of both gas storage operators and gas suppliers, ensuring proper management, allocation, and withdrawal of stored gas. 2. Secondary Recovery Projects Agreements: These agreements specifically address the secondary recovery of gas from mature or depleted gas fields. They outline the rights and obligations of the parties involved in the extraction process, addressing issues such as reservoir management, operational responsibilities, and cost-sharing arrangements. 3. Gas Storage Development and Expansion Agreements: These agreements are associated with the development and expansion of gas storage facilities. They encompass the planning, construction, financing, and operation of new or expanded gas storage units, ensuring efficient resource utilization and adherence to regulatory standards. 4. Supply and Off take Agreements: These agreements establish the terms and conditions for the delivery and offloading of gas from storage units to end-users or transmission systems. They ensure the smooth flow of gas between storage facilities and distribution networks, addressing issues such as quantity, quality, pricing, and delivery schedules. In conclusion, the Connecticut Gas Storage and Secondary Recovery Unit Agreement pertains to the contractual arrangements governing the storage and secondary recovery of gas within the state. Different types of agreements exist depending on the specific aspects of the gas storage and secondary recovery projects.
