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 Rhode Island Gas Storage and Secondary Recovery Unit Agreement is a legally binding document that outlines the terms and conditions between a gas storage facility and a secondary recovery unit in Rhode Island. This agreement is designed to regulate the storage and retrieval of natural gas in the state, ensuring efficient operations and environmental compliance. Under this agreement, the gas storage facility provides a designated area for the secondary recovery unit to inject and store natural gas. This is done to enhance the overall recovery and utilization of underground natural gas reserves. Both parties involved in this agreement must adhere to specific guidelines and requirements to ensure the safety, integrity, and sustainability of the gas storage and secondary recovery processes. The Rhode Island Gas Storage and Secondary Recovery Unit Agreement typically covers multiple types, each tailored to the specific needs and characteristics of different sites. These can include underground storage facilities, depleted reservoirs, salt caverns, aquifers, and various other geological formations suitable for gas storage purposes. In the case of underground storage facilities, the agreement will establish the maximum storage capacity, injection and withdrawal rates, and operational restrictions to avoid environmental damage or any adverse impact on nearby communities. It will also detail the responsibilities and liabilities of both the gas storage facility and the secondary recovery unit in maintaining the safety and integrity of the facility. For depleted reservoirs, the agreement will define the conditions under which natural gas can be stored and recovered, considering factors such as reservoir pressure, temperature, and rock properties. This type of agreement will also outline the required monitoring and control measures to prevent any potential leakage or resource depletion. If the gas storage and secondary recovery activities take place in salt caverns, the agreement may include provisions related to the process of solution mining, cavern construction, and operational safety measures. It will also address the potential risks associated with salt dome integrity, such as potential subsidence or brine contamination. When the gas storage and secondary recovery unit agreement involves aquifers or other geological formations, it will encompass provisions related to the compatibility of the storage medium with natural gas, as well as guidelines for monitoring water quality and ensuring the absence of any adverse effects on drinking water sources. Overall, the Rhode Island Gas Storage and Secondary Recovery Unit Agreement aims to establish a comprehensive framework that ensures safe, sustainable, and efficient gas storage operations while taking into account the unique characteristics of different geological formations. The agreement plays a crucial role in protecting the environment, ensuring public safety, and promoting the responsible use of natural gas resources in Rhode Island.The Rhode Island Gas Storage and Secondary Recovery Unit Agreement is a legally binding document that outlines the terms and conditions between a gas storage facility and a secondary recovery unit in Rhode Island. This agreement is designed to regulate the storage and retrieval of natural gas in the state, ensuring efficient operations and environmental compliance. Under this agreement, the gas storage facility provides a designated area for the secondary recovery unit to inject and store natural gas. This is done to enhance the overall recovery and utilization of underground natural gas reserves. Both parties involved in this agreement must adhere to specific guidelines and requirements to ensure the safety, integrity, and sustainability of the gas storage and secondary recovery processes. The Rhode Island Gas Storage and Secondary Recovery Unit Agreement typically covers multiple types, each tailored to the specific needs and characteristics of different sites. These can include underground storage facilities, depleted reservoirs, salt caverns, aquifers, and various other geological formations suitable for gas storage purposes. In the case of underground storage facilities, the agreement will establish the maximum storage capacity, injection and withdrawal rates, and operational restrictions to avoid environmental damage or any adverse impact on nearby communities. It will also detail the responsibilities and liabilities of both the gas storage facility and the secondary recovery unit in maintaining the safety and integrity of the facility. For depleted reservoirs, the agreement will define the conditions under which natural gas can be stored and recovered, considering factors such as reservoir pressure, temperature, and rock properties. This type of agreement will also outline the required monitoring and control measures to prevent any potential leakage or resource depletion. If the gas storage and secondary recovery activities take place in salt caverns, the agreement may include provisions related to the process of solution mining, cavern construction, and operational safety measures. It will also address the potential risks associated with salt dome integrity, such as potential subsidence or brine contamination. When the gas storage and secondary recovery unit agreement involves aquifers or other geological formations, it will encompass provisions related to the compatibility of the storage medium with natural gas, as well as guidelines for monitoring water quality and ensuring the absence of any adverse effects on drinking water sources. Overall, the Rhode Island Gas Storage and Secondary Recovery Unit Agreement aims to establish a comprehensive framework that ensures safe, sustainable, and efficient gas storage operations while taking into account the unique characteristics of different geological formations. The agreement plays a crucial role in protecting the environment, ensuring public safety, and promoting the responsible use of natural gas resources in Rhode Island.
