A Missouri Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property) is a legal contract that outlines the agreement between gas storage operators and producers in Missouri to establish a gas storage unit on a depleted producing property. This agreement is crucial for facilitating the efficient and sustainable storage of natural gas, ensuring the availability of this important energy resource for future use. In this agreement, the gas storage operator gains access to an existing depleted producing property and repurposes it for natural gas storage purposes. The agreement typically defines the terms and conditions for the establishment, operation, and maintenance of the gas storage unit. It outlines the rights and responsibilities of both parties involved, ensuring a fair and mutually beneficial relationship. Keywords: Missouri, gas storage unit, agreement, depleted producing property, natural gas, storage operators, producers, establishment, operation, maintenance, relationship. Types of Missouri Gas Storage Unit Agreements: 1. Base Gas Agreement: This type of agreement focuses on establishing the baseline volume of natural gas that should be maintained in the storage unit at all times. It outlines the necessary measures to ensure the availability and security of the base gas, which is crucial for fulfilling short-term demand fluctuations. 2. Injection and Withdrawal Agreement: This agreement specifies the terms and procedures for injecting and withdrawing natural gas from the storage unit. It details the injection rates, withdrawal limits, and any associated costs or penalties. This agreement plays a vital role in managing the supply and demand of natural gas during peak consumption periods or emergencies. 3. Shared Infrastructure Agreement: In cases where multiple gas storage operators are involved in a single depleted producing property, a shared infrastructure agreement may be necessary. This agreement establishes the terms and conditions for sharing common infrastructural elements, such as pipelines, compressors, and storage facilities, to ensure efficient and cost-effective operation. 4. Environmental Compliance Agreement: Given the importance of environmental stewardship, this type of agreement focuses on ensuring compliance with relevant environmental regulations and standards in the operation and maintenance of the gas storage unit. It outlines the measures to mitigate any potential environmental impacts and specifies the responsibilities of both parties in managing environmental risks. These various types of Missouri Gas Storage Unit Agreements play a significant role in establishing a structured framework for the efficient and sustainable storage of natural gas on depleted producing properties. By defining the rights, obligations, and responsibilities of both parties involved, these agreements ensure the smooth operation and maintenance of the gas storage units, ultimately contributing to the reliable and uninterrupted supply of natural gas within Missouri.
Missouri Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
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FAQ
In practice, a storage process needs a base gas (or cushion gas). Various gases can serve as base or cushion, including N2, CH4, or CO2, amongst others. The philosophy behind the necessity of the cushion gas is the need for retaining the reservoir pressure as the hydrogen is being withdrawn.
Natural gas, like most other commodities, can be stored for an indefinite period of time. The exploration, production, and transportation of natural gas takes time, and the natural gas that reaches its destination is not always needed right away, so it is injected into underground storage facilities.
Unit Agreement means any agreement for the development or operation of all or any portion of the Leased Lands with other lands as a single unit without regard to separate ownership and for the allocation of costs and benefits on a basis as defined in such agreement.
Base gas (or cushion gas) is the volume of natural gas intended as permanent inventory in a storage reservoir to maintain adequate pressure and deliverability rates throughout the withdrawal season. Working gas capacity refers to total gas storage capacity minus base gas.
The working gas volume (WGV) is the amount of natural gas that can be injected, stored and withdrawn during the normal commercial operation of a natural gas storage facility.
Working gas (working gas volume) is the gas volume which can be withdrawn from a storage facility during an autumn-winter period and injected back into the storage during the spring-summer period.
There are three principal types ? depleted gas reservoirs, aquifer reservoirs and salt cavern reservoirs. Each of these types has distinct physical and economic characteristics which govern the suitability of a particular type of storage type for a given application.
Cushion gas is the amount of gas that is permanently stored in a natural gas storage. The main function is to maintain sufficient pressure in the storage to allow for adequate injection and withdrawal rates at all times. Another name for this type of gas is base gas.