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 New Hampshire Gas Storage and Secondary Recovery Unit Agreement is an important legal contract that governs the storage and recovery of natural gas in the state of New Hampshire, USA. This agreement aims to ensure the efficient and regulated utilization of gas storage facilities and secondary recovery units, providing a reliable and stable gas supply to consumers. Keywords: New Hampshire Gas Storage, Secondary Recovery Unit, Agreement, natural gas, storage facilities, regulated utilization, reliable gas supply, consumers. There are primarily two types of New Hampshire Gas Storage and Secondary Recovery Unit Agreements: 1. Gas Storage Agreement: This agreement establishes the terms and conditions for the usage of gas storage facilities in New Hampshire. It defines the rights and responsibilities of the gas storage service provider and the customers utilizing these facilities. The agreement includes provisions related to storage volumes, injection and withdrawal rates, scheduling, pricing, and the terms of access and use of the storage units. 2. Secondary Recovery Unit Agreement: This agreement pertains to the secondary recovery units utilized for the extraction of natural gas from unconventional sources or depleted reservoirs. It outlines the contractual arrangements between the gas supplier, industry operators, and the regulatory authorities. The agreement includes provisions regarding the rent or lease of secondary recovery unit spaces, the proportionate sharing of costs and revenues, operation and maintenance procedures, and environment-friendly practices. These agreements play a crucial role in ensuring the proper management and utilization of gas storage facilities and secondary recovery units in New Hampshire. They promote transparency, fair pricing, and adherence to environmental regulations. The New Hampshire Gas Storage and Secondary Recovery Unit Agreement serves as a legal framework to protect the interests of all parties involved, while facilitating the optimal utilization of natural gas resources and maintaining a reliable supply for consumers. Keywords: legal contract, gas storage facilities, secondary recovery units, management, utilization, transparency, fair pricing, environmental regulations, legal framework, natural gas resources, reliable supply.The New Hampshire Gas Storage and Secondary Recovery Unit Agreement is an important legal contract that governs the storage and recovery of natural gas in the state of New Hampshire, USA. This agreement aims to ensure the efficient and regulated utilization of gas storage facilities and secondary recovery units, providing a reliable and stable gas supply to consumers. Keywords: New Hampshire Gas Storage, Secondary Recovery Unit, Agreement, natural gas, storage facilities, regulated utilization, reliable gas supply, consumers. There are primarily two types of New Hampshire Gas Storage and Secondary Recovery Unit Agreements: 1. Gas Storage Agreement: This agreement establishes the terms and conditions for the usage of gas storage facilities in New Hampshire. It defines the rights and responsibilities of the gas storage service provider and the customers utilizing these facilities. The agreement includes provisions related to storage volumes, injection and withdrawal rates, scheduling, pricing, and the terms of access and use of the storage units. 2. Secondary Recovery Unit Agreement: This agreement pertains to the secondary recovery units utilized for the extraction of natural gas from unconventional sources or depleted reservoirs. It outlines the contractual arrangements between the gas supplier, industry operators, and the regulatory authorities. The agreement includes provisions regarding the rent or lease of secondary recovery unit spaces, the proportionate sharing of costs and revenues, operation and maintenance procedures, and environment-friendly practices. These agreements play a crucial role in ensuring the proper management and utilization of gas storage facilities and secondary recovery units in New Hampshire. They promote transparency, fair pricing, and adherence to environmental regulations. The New Hampshire Gas Storage and Secondary Recovery Unit Agreement serves as a legal framework to protect the interests of all parties involved, while facilitating the optimal utilization of natural gas resources and maintaining a reliable supply for consumers. Keywords: legal contract, gas storage facilities, secondary recovery units, management, utilization, transparency, fair pricing, environmental regulations, legal framework, natural gas resources, reliable supply.
