North Dakota Gas Storage Agreement

State:
Multi-State
Control #:
US-OG-723
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Owner owns and operates underground gas storage facilities and Customer desires storage service for natural gas to serve its Plant, and Owner is willing to render such storage services.
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FAQ

Flares must be equipped and operated with an automatic ignitor or a continuous burning pilot. Visible flare emissions must not exceed 20 percent opacity except that a maximum of 60 percent opacity is permissible for not more than one six-minute period per hour.

The state produced an average of nearly 1.2 million barrels of oil per day in August, a 3% rise from July.

North Dakota Inland Rig Count is at a current level of 29.00, down from 30.00 last week and down from 36.00 one year ago. This is a change of -3.33% from last week and -19.44% from one year ago.

Data ReservesCrude Oil (as of Dec. 31)4,353 million barrels2021Expected Future Production of Dry Natural Gas (as of Dec. 31)9,224 billion cu ft2021Expected Future Production of Natural Gas Plant Liquids1,522 million barrels2021Recoverable Coal at Producing Mines621 million short tons20216 more rows ?

North Dakota Oil & Gas Activity Stats CategoryLast Year ValueCurrent Year ValueTotal Wells39,95840,861Total Producing Wells19,31320,099Percentage of Wells Producing48%49%Active Producers1161133 more rows

The number of oil and gas wells in production in North Dakota was 18,380 in August 2023, a change of +1.1 percent from the prior month and +4.2 percent from one year ago. Approximately 8 in 10 oil and gas wells are located in the four core oil and gas producing counties.

By October 2020, total oil rig count in the state had fallen dramatically. ing to the North Dakota Department of Mineral Resources, the total oil rig count in the state had fallen from 58 active rigs on October 3, 2019, to only 11 active rigs on October 3, 2020, a reduction of over 80 percent.

It is most commonly held in inventory underground under pressure in three types of facilities. These underground facilities are depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations. Natural gas is also stored in liquid or gaseous form in above?ground tanks.

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North Dakota Gas Storage Agreement