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.
Guam Over-Production and Under-Production of Gas
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State:
Multi-State
Control #:
US-OG-502
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Word;
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How to fill out Over-Production And Under-Production Of Gas?
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FAQ
Guam imports petroleum products to meet almost all of its energy needs.
Guam has no domestic production of conventional fuels such as oil, natural gas or coal. Its economy is dependent on the import of gasoline and jet fuel for transport and residual fuel oil for electricity. One third of electricity produced is used in commercial settings including the leading industry of tourism.
Guam has no fossil energy resources and meets nearly all of its energy needs with imported petroleum products. Guam's energy consumption on a per capita basis is about half the U.S. average.
Guam has no fossil energy resources and meets nearly all of its energy needs with imported petroleum products. Guam's energy consumption on a per capita basis is about half the U.S. average.
Guam has no crude oil reserves, petroleum production, or refineries. The island's only port, located at Apra, receives all of the imported petroleum products, which primarily come from Asia.
These results show that overall refinery efficiency ranges from 86.6% to 94.3%.
The Clean Energy Master Plan is a living document and is continuously being updated. GPA is committed to providing 50% of the island's electric power from renewable or non greenhouse gas emissions sources by 2030 and 100% by 2040.
