Kansas Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-1016
• Format: Word; Rich Text

Description

This is an agreement to establish a gas storage unit on depleted producing property. Kansas Gas Storage Unit Agreement is a contractual agreement that facilitates the establishment and operation of a gas storage unit on a depleted producing property in the state of Kansas. This agreement outlines the terms, conditions, and responsibilities of all parties involved in the storage and usage of natural gas. The purpose of the Kansas Gas Storage Unit Agreement is to provide a framework for the efficient utilization of depleted oil and gas reservoirs. By repurposing these depleted producing properties, it allows for the storage of excess natural gas during periods of low demand, which can later be withdrawn when demand increases. There are several types of Kansas Gas Storage Unit Agreements that can be established based on the specific requirements and circumstances: 1. Base Gas Agreement: This agreement defines the minimum amount of gas that must be maintained in the storage unit to ensure operational stability and meet future demand. 2. Injection and Withdrawal Agreement: This agreement outlines the procedures and conditions under which the injection and withdrawal of natural gas can occur. It specifies the quantity, rate, timing, and associated costs involved in the process. 3. Storage Rights Agreement: This agreement grants the party the exclusive rights to use and access the storage unit for a specified duration. It details the terms and conditions pertaining to the ownership, maintenance, and operation of the storage facility. 4. Transportation Agreement: This agreement addresses the transportation of gas to and from the storage unit. It defines the responsibilities of the parties involved in the transportation process, including the pipelines, storage operators, and shippers. 5. Interconnect Agreement: This agreement governs the interconnection between the storage unit and other natural gas infrastructure, such as pipelines and gathering systems. It establishes the technical specifications, maintenance requirements, and operational procedures necessary for the safe and reliable transfer of gas. The Kansas Gas Storage Unit Agreement is a legally binding document that provides clarity and guidance for all parties involved in the establishment and operation of a gas storage unit on a depleted producing property. It ensures compliance with regulatory standards, promotes efficient use of resources, and supports the stability of natural gas supply and demand within the state.

Kansas Gas Storage Unit Agreement is a contractual agreement that facilitates the establishment and operation of a gas storage unit on a depleted producing property in the state of Kansas. This agreement outlines the terms, conditions, and responsibilities of all parties involved in the storage and usage of natural gas. The purpose of the Kansas Gas Storage Unit Agreement is to provide a framework for the efficient utilization of depleted oil and gas reservoirs. By repurposing these depleted producing properties, it allows for the storage of excess natural gas during periods of low demand, which can later be withdrawn when demand increases. There are several types of Kansas Gas Storage Unit Agreements that can be established based on the specific requirements and circumstances: 1. Base Gas Agreement: This agreement defines the minimum amount of gas that must be maintained in the storage unit to ensure operational stability and meet future demand. 2. Injection and Withdrawal Agreement: This agreement outlines the procedures and conditions under which the injection and withdrawal of natural gas can occur. It specifies the quantity, rate, timing, and associated costs involved in the process. 3. Storage Rights Agreement: This agreement grants the party the exclusive rights to use and access the storage unit for a specified duration. It details the terms and conditions pertaining to the ownership, maintenance, and operation of the storage facility. 4. Transportation Agreement: This agreement addresses the transportation of gas to and from the storage unit. It defines the responsibilities of the parties involved in the transportation process, including the pipelines, storage operators, and shippers. 5. Interconnect Agreement: This agreement governs the interconnection between the storage unit and other natural gas infrastructure, such as pipelines and gathering systems. It establishes the technical specifications, maintenance requirements, and operational procedures necessary for the safe and reliable transfer of gas. The Kansas Gas Storage Unit Agreement is a legally binding document that provides clarity and guidance for all parties involved in the establishment and operation of a gas storage unit on a depleted producing property. It ensures compliance with regulatory standards, promotes efficient use of resources, and supports the stability of natural gas supply and demand within the state.