The Orange California Gas Processing Rights Agreement is a legally binding contract that governs the rights and responsibilities of parties involved in gas processing activities in Orange County, California. This agreement outlines the terms and conditions for the extraction, transportation, and processing of natural gas in the area. One type of Orange California Gas Processing Rights Agreement is the Production Agreement. This agreement allows a gas producer to grant processing rights to a processing plant operator. It establishes the terms of processing, the quantity and quality of gas to be processed, and the compensation to be paid for processing services. Another type is the Transportation Agreement, which grants the rights to transport processed natural gas from the processing plant to the end-users or distribution facilities. This agreement sets out the terms for transportation, including the quantity and price of gas, the transportation infrastructure to be used, and the responsibilities of each party involved. The Orange California Gas Processing Rights Agreement also includes provisions for environmental compliance, safety protocols, and dispute resolution mechanisms. It may outline the responsibilities of the parties regarding emission control, waste management, and adherence to regulatory requirements. The agreement typically addresses the ownership of gas reserves and any royalties associated with it. It may also establish the rights and obligations of the parties regarding future exploration, development, and production activities. Keywords: gas processing, rights agreement, Orange California, natural gas, extraction, transportation, processing plant, gas producer, processing services, compensation, transportation agreement, end-users, distribution facilities, environmental compliance, safety protocols, dispute resolution, emission control, waste management, regulatory requirements, gas reserves, royalties, exploration, development, production activities.
Orange California Gas Processing Rights Agreement
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How to fill out Orange California Gas Processing Rights Agreement?
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FAQ
Related Definitions Gas Contract means any contract, agreement or other obligation of any of the Company, Manta Ray or Nautilus to purchase fuel gas, buy or sell linepack gas or transport, exchange, gather, process or otherwise handle natural gas.
Related Definitions Gas In Kind means the amount of Gas the Company shall retain of gas received at the Point(s) of Receipt to compensate for Company use and lost and unaccounted-for-gas on the Company's system. This volume shall not be included in the quantity available for delivery to the Shipper. Sample 1.
1031 Exchange: another term for Like-Kind Exchange. 8/8ths / 8/8ths Basis: a term used to describe either the full Working Interest or full Net Revenue Interest with respect to a given Tract. Pursuant to an Oil and Gas Lease, the Lessor retains the Lessor Royalty.
Plant Tailgate means the point of interconnect between the Plant and the Residue Gas Delivery Facility located at the downstream flange of the block valve which is downstream of the Plant residue meter and emergency shutdown valve.
A working interest (WI) partner chooses to take in kind (TIK), meaning they're taking their share of gas to market, either on their own or with someone other than the operator to gain a more favorable marketing agreement. The TIK partner's gas is measured by a meter maintained by the marketer of their choice.
These agreements or ventures arise from situations in which two or more parties pool their divided or undivided interests to share the costs and risks of either exploration or development or both.
A landowner can also insert a clause in the lease to take royalty either in kind or in value. Taking royalty in kind means that the Lessor can take physical possession of the oil, gas or liquids once they leave the ground, and he may market the production himself.
Keep Whole Contract means any contract which requires Borrower to replace the energy content for natural gas liquids extracted from gas received by Borrower from producers with natural gas."
Under a keep-whole arrangement, the midstream company will retain the NGLs extracted from processing and return to the producer the processed natural gas with BTU value equivalent to the original unprocessed gas delivered by the producer.