Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-930
• Format: Word; Rich Text

Description

This form is an amendment to oil, gas and mineral lease to provide for gas storage. Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) is a legal provision introduced in Indiana's oil, gas, and mineral leasing regulations to accommodate gas storage activities. This amendment plays a crucial role in permitting and regulating the establishment of gas storage facilities within the state. Gas storage has become an essential component of the energy industry, providing flexibility in supplying natural gas during times of high demand or in emergency situations. The Indiana Amendment recognizes the importance of gas storage and aims to facilitate the development and operation of such facilities while ensuring the protection of the environment and maintaining the rights of landowners. Under the Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage), there are various types or classifications of gas storage operations that are recognized and governed by specific provisions. These classifications primarily include: 1. Depleted Reservoir Storage: This type of gas storage utilizes depleted oil or gas reservoirs for injecting and storing natural gas. The amendment provides guidelines for the development, operation, and monitoring of depleted reservoir storage facilities to prevent any adverse impacts on the surrounding environment. 2. Aquifer Storage and Recovery (ASR): ASR involves injecting natural gas into underground aquifers during low-demand periods and recovering it when demand increases. The Indiana Amendment establishes rules and safeguards for conducting ASR operations, focusing on maintaining water quality and protecting sensitive aquifer systems. 3. Salt Cavern Storage: Salt caverns are widely preferred for gas storage due to their high capacity and stability. The amendment includes specific provisions for the safe construction, operation, and monitoring of salt cavern storage facilities to minimize the potential risks associated with such operations. 4. Structural Storage: This category encompasses various forms of gas storage, such as above-ground tanks, underground tanks, and pipelines that serve storage functions. The Indiana Amendment outlines the requirements and regulations for structural storage to ensure consistent compliance and safe operations. Additionally, the Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) defines the rights and obligations of landowners and gas storage operators. It emphasizes the need for obtaining appropriate lease agreements, adequately compensating landowners, and conducting environmental assessments before initiating gas storage-related activities. To conclude, the Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) introduces legal provisions and guidelines for facilitating the establishment and operation of gas storage facilities in the state. With different classifications catering to specific storage methods, this amendment ensures the responsible and sustainable development of the gas storage sector, benefiting the energy industry, landowners, and the overall economy of Indiana.

Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) is a legal provision introduced in Indiana's oil, gas, and mineral leasing regulations to accommodate gas storage activities. This amendment plays a crucial role in permitting and regulating the establishment of gas storage facilities within the state. Gas storage has become an essential component of the energy industry, providing flexibility in supplying natural gas during times of high demand or in emergency situations. The Indiana Amendment recognizes the importance of gas storage and aims to facilitate the development and operation of such facilities while ensuring the protection of the environment and maintaining the rights of landowners. Under the Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage), there are various types or classifications of gas storage operations that are recognized and governed by specific provisions. These classifications primarily include: 1. Depleted Reservoir Storage: This type of gas storage utilizes depleted oil or gas reservoirs for injecting and storing natural gas. The amendment provides guidelines for the development, operation, and monitoring of depleted reservoir storage facilities to prevent any adverse impacts on the surrounding environment. 2. Aquifer Storage and Recovery (ASR): ASR involves injecting natural gas into underground aquifers during low-demand periods and recovering it when demand increases. The Indiana Amendment establishes rules and safeguards for conducting ASR operations, focusing on maintaining water quality and protecting sensitive aquifer systems. 3. Salt Cavern Storage: Salt caverns are widely preferred for gas storage due to their high capacity and stability. The amendment includes specific provisions for the safe construction, operation, and monitoring of salt cavern storage facilities to minimize the potential risks associated with such operations. 4. Structural Storage: This category encompasses various forms of gas storage, such as above-ground tanks, underground tanks, and pipelines that serve storage functions. The Indiana Amendment outlines the requirements and regulations for structural storage to ensure consistent compliance and safe operations. Additionally, the Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) defines the rights and obligations of landowners and gas storage operators. It emphasizes the need for obtaining appropriate lease agreements, adequately compensating landowners, and conducting environmental assessments before initiating gas storage-related activities. To conclude, the Indiana Amendment to Oil, Gas and Mineral Lease (to Provide for Gas Storage) introduces legal provisions and guidelines for facilitating the establishment and operation of gas storage facilities in the state. With different classifications catering to specific storage methods, this amendment ensures the responsible and sustainable development of the gas storage sector, benefiting the energy industry, landowners, and the overall economy of Indiana.