A Michigan Gas Processing Rights Agreement refers to a legally binding contract that outlines the terms and conditions between a gas producer and a gas processor in the state of Michigan, specifically related to the processing of natural gas. This agreement facilitates the efficient and systematic extraction, processing, and transportation of natural gas resources, ensuring a mutually beneficial relationship between the two parties. The agreement typically covers several key aspects, including the rights and obligations of both the gas producer and gas processor, the scope and duration of the agreement, the pricing and payment structure, the operational and technical specifications for gas processing, and the terms related to environmental compliance and regulatory requirements. Within Michigan, there are various types of Gas Processing Rights Agreements that may exist based on the specific parameters, needs, and preferences of the involved parties. These different types may include: 1. Standard Gas Processing Rights Agreement: This is a general agreement that outlines the basic terms and conditions for gas processing in Michigan, such as gas quality specifications, measurement methods, scheduling, and payment terms. 2. Long-term Gas Processing Rights Agreement: This type of agreement spans an extended duration, usually several years, ensuring a stable and continuous relationship between the gas producer and processor. It typically covers the commitment to process a certain volume of gas, pricing mechanisms, and renewal or termination conditions. 3. Tolling Gas Processing Rights Agreement: This agreement model involves the gas processor being paid a fixed fee, referred to as a tolling fee, by the gas producer for processing their gas. The processed gas then belongs to the gas producer, who retains the responsibility for marketing and selling it. 4. Marketable Gas Processing Rights Agreement: This type of agreement involves the gas processor taking ownership of the gas after processing and being responsible for marketing and selling it. The gas producer receives payment based on the prevailing market prices for the processed gas, minus processing and transportation costs. 5. Joint Venture Gas Processing Rights Agreement: In certain cases, gas producers and processors may form a joint venture entity that jointly manages gas processing operations. This agreement lays out the terms and conditions of the joint venture, including profit-sharing, decision-making authority, and operational responsibilities. It is crucial for both gas producers and gas processors to carefully negotiate and draft a Gas Processing Rights Agreement tailored to their specific requirements and objectives. Legal counsel is often engaged to ensure compliance with Michigan state laws and to protect the rights and interests of both parties.
Michigan Gas Processing Rights Agreement
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How to fill out Michigan Gas Processing Rights Agreement?
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Michigan Public Service Commission (MPSC): Michigan Public Service Commission (MPSC): This is a 3-member commission that regulates the retail electric and gas utility rates and services in the state. The MPSC also has regulatory authority regarding state pipelines, motor carriers, telecommunications and T siting. Basic Energy Regulation in Michigan mi.gov ? Committee6-1-25-2011-3 mi.gov ? Committee6-1-25-2011-3
Detroit Natural Gas Provider | Direct Energy.
The Michigan Public Service Commission is responsible for electric and steam utility regulation in the State, including regulatory responsibility over 8 privately owned electric utilities (investor-owned), 9 rural electric distribution cooperatives (coops), and 1 privately owned steam utility.
MI Deregulated electricity service territories: None, deregulation enacted but there are no electricity provider options as of 2022. MI Deregulated gas service territories: Consumers Energy, DTE Energy, Michigan Gas Utilities, SEMCO Energy Gas Company.
Michigan has an abundance of oil and natural gas located under its landscape. That abundance can be measured in many ways. One is output. Since 1925 more than 50,000 oil or natural gas wells have been drilled in Michigan.
1.1 trillion cubic feet Michigan Quick Facts Michigan has 44 natural gas storage fields with almost 1.1 trillion cubic feet of underground storage capacity, more than any other state and almost one-eighth of the nation's natural gas storage capacity. Michigan State Energy Profile - EIA eia.gov ? state ? print eia.gov ? state ? print
Natural gas consumed in Michigan comes from gas and oil fields located primarily in Michigan's Lower Peninsula, the Texas-Oklahoma Panhandle, on and off-shore Louisiana, and Alberta, Canada. Gas producers use the knowledge gained in the United States over the past 150 years to explore for natural gas fields. About Michigan's Natural Gas Industry michigan.gov ? mpsc ? regulatory ? nat-gas michigan.gov ? mpsc ? regulatory ? nat-gas
Natural gas and nuclear both generate more than a quarter of all energy generated in Michigan. Together, these three sources account for nearly 90% of all the electricity generation in the state. The map below shows where electricity is generated in Michigan.
Michigan Quick Facts Michigan has 44 natural gas storage fields with almost 1.1 trillion cubic feet of underground storage capacity, more than any other state and almost one-eighth of the nation's natural gas storage capacity.
Customer Service: MNG can be reached at 888-988-6424 during normal business hours or may be reached at info@michigannaturalgasllc.com. Any written notices may be sent to Customer Service, Michigan Natural Gas, LLC, 2723 South State St Suite 150 PMB 218 Ann Arbor, Michigan 48104. Contract Terms | mngllc - Michigan Natural Gas LLC michigannaturalgasllc.com ? contract-terms michigannaturalgasllc.com ? contract-terms