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.
The Massachusetts Gas Storage and Secondary Recovery Unit Agreement is a contractual arrangement that regulates the storage and secondary recovery of natural gas in the state of Massachusetts. This agreement aims to establish a cooperative partnership between gas storage operators and interested parties to effectively manage and utilize gas reserves. The primary purpose of the Massachusetts Gas Storage and Secondary Recovery Unit Agreement is to provide a framework for the operation and management of gas storage facilities that allow for the injection, storage, and subsequent withdrawal of natural gas. The agreement outlines the terms and conditions under which operators can store gas, including capacity allocation, injection and withdrawal rates, and financial obligations. One type of Massachusetts Gas Storage and Secondary Recovery Unit Agreement is the Contract for Gas Storage Services. This agreement is typically entered into between the gas storage operator and gas customers who require storage services for their natural gas supply. The Contract for Gas Storage Services outlines the rights and responsibilities of both parties, including storage capacity, injection and withdrawal schedules, and payment terms. Another type of agreement related to Massachusetts Gas Storage and Secondary Recovery Unit Agreement is the Secondary Recovery Unit Agreement. This agreement is entered into between the gas storage operator and authorized parties who wish to extract and utilize gas reserves from storage facilities. The Secondary Recovery Unit Agreement sets forth the terms and procedures for accessing and extracting stored gas, such as reservoir pressure limits, withdrawal rates, and any associated fees. The Massachusetts Gas Storage and Secondary Recovery Unit Agreement play a crucial role in supporting the efficient management and utilization of natural gas resources. By establishing clear guidelines and obligations, these agreements ensure that gas storage facilities operate smoothly, enabling a reliable supply of gas for both commercial and residential users. Moreover, the agreements foster collaboration between storage operators and interested parties, promoting the optimal utilization of gas reserves in Massachusetts.The Massachusetts Gas Storage and Secondary Recovery Unit Agreement is a contractual arrangement that regulates the storage and secondary recovery of natural gas in the state of Massachusetts. This agreement aims to establish a cooperative partnership between gas storage operators and interested parties to effectively manage and utilize gas reserves. The primary purpose of the Massachusetts Gas Storage and Secondary Recovery Unit Agreement is to provide a framework for the operation and management of gas storage facilities that allow for the injection, storage, and subsequent withdrawal of natural gas. The agreement outlines the terms and conditions under which operators can store gas, including capacity allocation, injection and withdrawal rates, and financial obligations. One type of Massachusetts Gas Storage and Secondary Recovery Unit Agreement is the Contract for Gas Storage Services. This agreement is typically entered into between the gas storage operator and gas customers who require storage services for their natural gas supply. The Contract for Gas Storage Services outlines the rights and responsibilities of both parties, including storage capacity, injection and withdrawal schedules, and payment terms. Another type of agreement related to Massachusetts Gas Storage and Secondary Recovery Unit Agreement is the Secondary Recovery Unit Agreement. This agreement is entered into between the gas storage operator and authorized parties who wish to extract and utilize gas reserves from storage facilities. The Secondary Recovery Unit Agreement sets forth the terms and procedures for accessing and extracting stored gas, such as reservoir pressure limits, withdrawal rates, and any associated fees. The Massachusetts Gas Storage and Secondary Recovery Unit Agreement play a crucial role in supporting the efficient management and utilization of natural gas resources. By establishing clear guidelines and obligations, these agreements ensure that gas storage facilities operate smoothly, enabling a reliable supply of gas for both commercial and residential users. Moreover, the agreements foster collaboration between storage operators and interested parties, promoting the optimal utilization of gas reserves in Massachusetts.
