Tennessee Gas Storage Agreement and Lease (Surface and Underground) The Tennessee Gas Storage Agreement and Lease is a legal document that encompasses the terms and conditions for storage agreements and leases related to both surface and underground storage of natural gas within Tennessee. This agreement applies to various types of storage facilities and provides a framework for the rights and responsibilities of both the lessor (property owner) and the lessee (storage operator). Types of Tennessee Gas Storage Agreement and Lease: 1. Surface Gas Storage Agreement and Lease: This type of agreement pertains to the storage of natural gas on the surface of the leased property. It encompasses the terms for the establishment, operation, and maintenance of surface gas storage facilities, such as above-ground storage tanks or related equipment. The agreement may cover aspects like lease duration, rental fees, liability, and specific provisions for access, construction, and decommissioning of the surface storage facility. 2. Underground Gas Storage Agreement and Lease: This agreement deals with the storage of natural gas in underground reservoirs or formations on the leased property. It establishes the terms for the use of the subsurface area, including the drilling, operating, and maintaining of storage wells, injection and withdrawal procedures, and safety regulations. The agreement may also cover insurance requirements, environmental considerations, financial arrangements, and procedures for well abandonment or site restoration. The Tennessee Gas Storage Agreement and Lease serve as a legal protection and guide for both parties involved in the storage of natural gas. The agreements ensure compliance with state and federal regulations governing storage operations and define the rights and obligations of each party. Keywords: Tennessee Gas Storage Agreement, lease, surface, underground, natural gas, storage facilities, surface gas storage, storage tanks, equipment, underground gas storage, reservoirs, formations, subsurface area, wells, injection, withdrawal, safety regulations, insurance requirements, environmental considerations, financial arrangements, well abandonment, site restoration.
Tennessee Gas Storage Agreement and Lease (Surface and Underground)
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FAQ
Natural gas is stored in large volumes in underground facilities and in smaller volumes in tanks above or below ground.
There are three principal types ? depleted gas reservoirs, aquifer reservoirs and salt cavern reservoirs. Each of these types has distinct physical and economic characteristics which govern the suitability of a particular type of storage type for a given application.
Unlike underground facilities where the gas is injected in its current state, above ground storage facilities use a process called liquefaction to chill the gas until it changes to liquid.
Salt caverns are ideal for gas storage because the salt is impermeable, so the gas cannot escape. This proven technology, which is widely used for propane, natural gas, compressed air and other products, uses brine injection and removal to control propane inflow and outflow from the sealed, pressurized cavern.
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.
A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.