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.
Virgin Islands Gas Storage and Secondary Recovery Unit Agreement
Category:
State:
Multi-State
Control #:
US-OG-774
Format:
Word;
Rich Text
Instant download
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FAQ
Tourism, trade, and other services are the primary economic activities, accounting for nearly 60% of the Virgin Island's GDP and about half of total civilian employment.
Nearly all of the energy consumed in the USVI is provided by imported petroleum products. Distillate fuel oil and residual fuel account for about 70% of all petroleum products consumed in the USVI, where they are used for electricity generation and in the production of drinking water supplies.
The agriculture sector is small, with most food being imported. The manufacturing sector consists of rum distilling, electronics, pharmaceuticals, and watch assembly. Rum production is significant.
Virgin Islands National Park located in the tropical Atlantic, contains examples of terrestrial, coastal and marine ecosystems. These include various types of dry to moist forests, salt ponds, beaches, mangroves, seagrass beds and coral reefs.
Nearly all of the energy consumed in the USVI is provided by imported petroleum products. Distillate fuel oil and residual fuel account for about 70% of all petroleum products consumed in the USVI, where they are used for electricity generation and in the production of drinking water supplies.
The primary natural resources of these small islands are coastal and marine. Critical natural areas include: saltwater wetlands, mangroves, sea grass beds and coral reefs.