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.
Rhode Island Over-Production and Under-Production of Gas
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Multi-State
Control #:
US-OG-502
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Word;
Rich Text
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How to fill out Over-Production And Under-Production Of Gas?
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FAQ
For a state that is only 37 miles wide and 48 miles long, it is notable that its shoreline on Narragansett Bay in the Atlantic Ocean runs for 400 miles. Indeed, one of Rhode Island's nicknames is "the Ocean State." The legendary mansions of Newport overlook the ocean at Narragansett Bay.
The top agricultural commodities in the state are greenhouse and nursery products, dairy products, sweet corn, aquaculture (seafood), and apples. The climate of Rhode Island is very mild because of the warm winds from Narragansett Bay.
Natural gas?a colorless, odorless, gaseous hydrocarbon?may be stored in a number of different ways. 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 can be found in a variety of different underground formations, including: shale formations; sandstone beds; and coal seams. Some of these formations are more difficult and more expensive to produce than others, but they hold the potential for vastly increasing the nation's available gas supply.
The natural gas that enters the state is produced primarily from the Marcellus and Utica shale regions in Pennsylvania, West Virginia, and Ohio, and most of that natural gas reaches Rhode Island by pipeline through Connecticut. About three-fifths of the natural gas that enters Rhode Island is sent on to Massachusetts.
Natural gas liquids (lease condensate, natural gasoline, NGL) are components of natural gas that are liquid at surface in gas or oil field facilities or in gas processing plants.
Natural Gas Fuel Basics. Like fossil-derived natural gas, renewable natural gas?which is produced from decaying organic materials?must be compressed or liquefied for use as a transportation fuel. Natural gas is an odorless, gaseous mixture of hydrocarbons?predominantly made up of methane (CH4).
Oil pipelines are made from steel or plastic tubes which are usually buried. The oil is moved through the pipelines by pump stations along the pipeline. Natural gas (and similar gaseous fuels) are pressurized into liquids known as natural gas liquids (NGLs). Natural gas pipelines are constructed of carbon steel.
