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.
Virginia Over-Production and Under-Production of Gas
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US-OG-502
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FAQ
The Bath County Pumped Storage Station, the largest power plant in Virginia by capacity with a net generating capacity of 3,003 megawatts, is the largest pumped-storage hydroelectric plant in the nation and the second-largest in the world.
Electricity. Natural gas and nuclear power accounted for 87% of Virginia's total in-state electricity net generation in 2021.
Virginia's gas and oil industry reported the production of 88.2 billion cubic feet (Bcf) of natural gas in 20221, down about 8 percent from the production reported in 2021.
In 2021, natural gas accounted for 57% of Virginia's total electricity net generation, nuclear supplied 30%, renewables?mostly biomass and solar energy?provided 9%, and coal fueled less than 4%.
Virginia's only major energy export is coal.
These resources include hydroelectric, wind, solar, geothermal, and other alternative energy sources, yet the primary energy products in Virginia include the fossil fuels coal, natural gas, and oil.
Since that time the majority of Virginia's natural gas production has originated from a region known as the Appalachian Plateau, which consists primarily of the coalfields in Buchanan, Dickenson, Russell, Scott, Tazewell and Wise Counties in southwestern Virginia.
