Bexar Texas Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Bexar
• Control #: US-OG-723
• Format: Word; Rich Text

Description

This form is used when Owner owns and operates underground gas storage facilities and Customer desires storage service for natural gas to serve its Plant, and Owner is willing to render such storage services. Bexar Texas Gas Storage Agreement is a contractual arrangement that governs the terms and conditions of storing natural gas in the Bexar County region of Texas. This agreement is crucial for companies involved in the energy sector, particularly those engaged in the production, transportation, and storage of natural gas. The Bexar Texas Gas Storage Agreement outlines the rights, responsibilities, and obligations of the parties involved in the storage activity. It addresses various aspects including gas injection, withdrawal, capacity allocation, payment terms, and operational procedures. This agreement ensures a smooth and efficient gas storage operation while safeguarding the interests of all stakeholders. Different types of Bexar Texas Gas Storage Agreements may exist depending on the specific requirements and preferences of the parties involved. Some common types include: 1. Firm Storage Agreement: This type of agreement guarantees a fixed amount of storage capacity for an agreed-upon period. The customer has priority access to the allocated storage capacity and can inject or withdraw gas as needed without interruption. 2. Interruptible Storage Agreement: In this agreement, the customer receives storage capacity on a non-guaranteed basis. The storage operator can interrupt the service during peak demand periods or emergencies, providing flexibility but with potential limitations in availability. 3. Enhanced Injection Agreement: This type of agreement allows for increased injection rates of natural gas into the storage facility. It is commonly used during periods of excess supply when there is a need to rapidly store larger volumes of gas. 4. Field Balancing Agreement: This agreement allows for the balancing of gas supply and demand within a specific field or region. It facilitates the management of imbalances between the injection and withdrawal of gas, ensuring the smooth operation of the overall gas storage system. Each type of Bexar Texas Gas Storage Agreement caters to different business needs and market conditions. Depending on the requirements, companies can choose the most suitable agreement to optimize their gas storage operations in Bexar County, Texas.

Bexar Texas Gas Storage Agreement is a contractual arrangement that governs the terms and conditions of storing natural gas in the Bexar County region of Texas. This agreement is crucial for companies involved in the energy sector, particularly those engaged in the production, transportation, and storage of natural gas. The Bexar Texas Gas Storage Agreement outlines the rights, responsibilities, and obligations of the parties involved in the storage activity. It addresses various aspects including gas injection, withdrawal, capacity allocation, payment terms, and operational procedures. This agreement ensures a smooth and efficient gas storage operation while safeguarding the interests of all stakeholders. Different types of Bexar Texas Gas Storage Agreements may exist depending on the specific requirements and preferences of the parties involved. Some common types include: 1. Firm Storage Agreement: This type of agreement guarantees a fixed amount of storage capacity for an agreed-upon period. The customer has priority access to the allocated storage capacity and can inject or withdraw gas as needed without interruption. 2. Interruptible Storage Agreement: In this agreement, the customer receives storage capacity on a non-guaranteed basis. The storage operator can interrupt the service during peak demand periods or emergencies, providing flexibility but with potential limitations in availability. 3. Enhanced Injection Agreement: This type of agreement allows for increased injection rates of natural gas into the storage facility. It is commonly used during periods of excess supply when there is a need to rapidly store larger volumes of gas. 4. Field Balancing Agreement: This agreement allows for the balancing of gas supply and demand within a specific field or region. It facilitates the management of imbalances between the injection and withdrawal of gas, ensuring the smooth operation of the overall gas storage system. Each type of Bexar Texas Gas Storage Agreement caters to different business needs and market conditions. Depending on the requirements, companies can choose the most suitable agreement to optimize their gas storage operations in Bexar County, Texas.