Harris Texas Gas Storage Service Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Harris
• Control #: US-OG-1014
• Format: Word; Rich Text

Description

This is an agreement for gas storage service. The Harris Texas Gas Storage Service Agreement is a contractual agreement between a gas storage service provider and a customer, outlining the terms and conditions of storing natural gas in Harris County, Texas. This agreement is crucial for businesses involved in the gas industry to efficiently manage their gas storage needs and ensure a steady supply of this valuable resource. The Harris Texas Gas Storage Service Agreement typically includes detailed provisions regarding the rights and obligations of both parties involved. It outlines the specific terms for gas storage, including capacity, duration, and withdrawal rights. This agreement ensures that the customer has a designated storage space while providing the service provider with a steady revenue stream. There are several types of Harris Texas Gas Storage Service Agreements available to cater to diverse industry needs. Some of these agreements include: 1. Firm Storage Service Agreement: This type of agreement guarantees a fixed storage capacity for the customer. The gas storage service provider is obligated to reserve a specific amount of storage space exclusively for the customer, ensuring availability at all times. 2. Interruptible Storage Service Agreement: In contrast to the firm storage service agreement, this type allows for the interruption or curtailment of gas storage service during periods of high demand. The customer availing this service typically enjoys lower storage fees but may experience limitations during peak usage periods. 3. Balancing Service Agreement: This agreement aims to maintain the balance between gas injection and withdrawal. It allows customers to manage their gas inventory by adjusting the injected or withdrawn amounts as per their requirements. The service provider offers flexibility to meet the customer's fluctuating storage needs. 4. Capacity Release Service Agreement: This type of agreement offers customers the option to release their storage capacity to third-party users, allowing for the subletting or trading of storage rights. The original customer can benefit from financial gain if there is excess capacity in their allocation. 5. Hub Services Agreement: This agreement allows customers to access a storage hub, which acts as a central point for gas storage services. It often includes additional services like balancing and transport, enabling customers to efficiently manage their gas storage and distribution operations. The Harris Texas Gas Storage Service Agreement serves as a critical tool for businesses to secure storage capacity, control gas inventory, and ensure a reliable supply of natural gas. By choosing the appropriate agreement type, customers can tailor their storage arrangements to meet their unique needs while adhering to industry regulations and best practices.

The Harris Texas Gas Storage Service Agreement is a contractual agreement between a gas storage service provider and a customer, outlining the terms and conditions of storing natural gas in Harris County, Texas. This agreement is crucial for businesses involved in the gas industry to efficiently manage their gas storage needs and ensure a steady supply of this valuable resource. The Harris Texas Gas Storage Service Agreement typically includes detailed provisions regarding the rights and obligations of both parties involved. It outlines the specific terms for gas storage, including capacity, duration, and withdrawal rights. This agreement ensures that the customer has a designated storage space while providing the service provider with a steady revenue stream. There are several types of Harris Texas Gas Storage Service Agreements available to cater to diverse industry needs. Some of these agreements include: 1. Firm Storage Service Agreement: This type of agreement guarantees a fixed storage capacity for the customer. The gas storage service provider is obligated to reserve a specific amount of storage space exclusively for the customer, ensuring availability at all times. 2. Interruptible Storage Service Agreement: In contrast to the firm storage service agreement, this type allows for the interruption or curtailment of gas storage service during periods of high demand. The customer availing this service typically enjoys lower storage fees but may experience limitations during peak usage periods. 3. Balancing Service Agreement: This agreement aims to maintain the balance between gas injection and withdrawal. It allows customers to manage their gas inventory by adjusting the injected or withdrawn amounts as per their requirements. The service provider offers flexibility to meet the customer's fluctuating storage needs. 4. Capacity Release Service Agreement: This type of agreement offers customers the option to release their storage capacity to third-party users, allowing for the subletting or trading of storage rights. The original customer can benefit from financial gain if there is excess capacity in their allocation. 5. Hub Services Agreement: This agreement allows customers to access a storage hub, which acts as a central point for gas storage services. It often includes additional services like balancing and transport, enabling customers to efficiently manage their gas storage and distribution operations. The Harris Texas Gas Storage Service Agreement serves as a critical tool for businesses to secure storage capacity, control gas inventory, and ensure a reliable supply of natural gas. By choosing the appropriate agreement type, customers can tailor their storage arrangements to meet their unique needs while adhering to industry regulations and best practices.