Mississippi Over-Production and Under-Production of Gas

State:
Multi-State
Control #:
US-OG-502
Format:
Word; 
Rich Text
Instant download

Description

This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.

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FAQ

Mississippi Power has a generating fleet made up of both coal and natural gas power plants. This diversity is key to keeping energy costs stable. With hundreds of highly-skilled and safety-minded workers, we currently operate six power plants.

Mississippi has the largest nuclear power reactor by generating capacity in the United States. Natural gas accounted for 72% of Mississippi's in-state net generation in 2021 and fueled 9 of the state's 10 largest power plants.

In July 1985, Grand Gulf Nuclear Station in Port Gibson, Miss., made history by becoming the first and only nuclear power plant to produce electricity in Mississippi.

Ing to the U.S. Energy Information Administration, most of the nation's electricity was generated by natural gas, renewable sources, coal, and nuclear energy in 2022. Renewable sources of electricity include wind, hydropower, solar power, biomass, and geothermal.

One of Mississippi's most significant mineral resources is its abundant supply of lignite (a low grade of coal).

Money Leaving Mississippi to Pay for Imported Coal Mississippi relies on coal for more than a third of its in-state electricity generation, and imports more than 70 percent of that coal. * ?Other? includes oil, municipal solid waste, tires, propane, or other manufactured and waste gases from fossil fuel.

Mississippi produces about 0.3% of the nation's crude oil and holds about 0.3% of U.S. total proved oil reserves. Most of Mississippi's oil fields are located in the southern half of the state.

Texas is the largest energy producing state in the United States. In 2021, it accounted for 24.4 percent of the country's total energy production, with the majority originating from crude oil and natural gas.

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Mississippi Over-Production and Under-Production of Gas