Dallas Texas Gas Storage Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Dallas
• 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. A Dallas Texas Gas Storage Agreement is a legally binding contract that outlines the terms and conditions between parties involved in storing natural gas in the Dallas, Texas area. This agreement is commonly used by companies engaged in the production, transmission, distribution, or trading of natural gas. The main purpose of a Dallas Texas Gas Storage Agreement is to define the rights and responsibilities of the parties involved in gas storage operations. It covers various essential aspects such as the quantity of gas to be stored, the storage duration, storage facilities, operational and maintenance requirements, financial obligations, and dispute resolution mechanisms. Typically, the agreement also includes provisions for access to the gas storage facility, withdrawal procedures, and any penalties or remedies for non-compliance. There are different types of Dallas Texas Gas Storage Agreements, each tailored to specific needs and circumstances. Some common types include: 1. Seasonal Storage Agreements: These agreements are suitable for companies that require gas storage capacity only during certain periods of the year, typically for climate-related or demand-driven reasons. This type of agreement allows flexibility in storing and withdrawing gas according to seasonal demand fluctuations. 2. Firm Storage Agreements: In these agreements, the storage capacity is guaranteed and reserved exclusively for the customer. This ensures that the gas will be available whenever needed, providing security and reliability to the customer. Firm storage agreements generally come at a higher cost due to the guaranteed access to storage capacity. 3. Interruptible Storage Agreements: These agreements offer gas storage capacity that can be interrupted or curtailed by the storage operator during high-demand periods or emergencies. This type of agreement is usually more cost-effective and suits businesses that can tolerate occasional supply interruptions. 4. Wheeling Agreements: Wheeling agreements allow customers to transport and store their natural gas in a third-party storage facility, such as pipelines or interconnecting systems. These agreements are often utilized by companies operating outside the Dallas area but requiring gas storage services within the region. In summary, a Dallas Texas Gas Storage Agreement encompasses the contractual arrangements for storing natural gas within the Dallas area. Its purpose is to establish the rights and obligations of the parties involved while ensuring a reliable and secure storage system. The agreement can vary depending on factors like storage capacity, access, seasonal needs, and interruption tolerance, with various types available to align with specific requirements.

A Dallas Texas Gas Storage Agreement is a legally binding contract that outlines the terms and conditions between parties involved in storing natural gas in the Dallas, Texas area. This agreement is commonly used by companies engaged in the production, transmission, distribution, or trading of natural gas. The main purpose of a Dallas Texas Gas Storage Agreement is to define the rights and responsibilities of the parties involved in gas storage operations. It covers various essential aspects such as the quantity of gas to be stored, the storage duration, storage facilities, operational and maintenance requirements, financial obligations, and dispute resolution mechanisms. Typically, the agreement also includes provisions for access to the gas storage facility, withdrawal procedures, and any penalties or remedies for non-compliance. There are different types of Dallas Texas Gas Storage Agreements, each tailored to specific needs and circumstances. Some common types include: 1. Seasonal Storage Agreements: These agreements are suitable for companies that require gas storage capacity only during certain periods of the year, typically for climate-related or demand-driven reasons. This type of agreement allows flexibility in storing and withdrawing gas according to seasonal demand fluctuations. 2. Firm Storage Agreements: In these agreements, the storage capacity is guaranteed and reserved exclusively for the customer. This ensures that the gas will be available whenever needed, providing security and reliability to the customer. Firm storage agreements generally come at a higher cost due to the guaranteed access to storage capacity. 3. Interruptible Storage Agreements: These agreements offer gas storage capacity that can be interrupted or curtailed by the storage operator during high-demand periods or emergencies. This type of agreement is usually more cost-effective and suits businesses that can tolerate occasional supply interruptions. 4. Wheeling Agreements: Wheeling agreements allow customers to transport and store their natural gas in a third-party storage facility, such as pipelines or interconnecting systems. These agreements are often utilized by companies operating outside the Dallas area but requiring gas storage services within the region. In summary, a Dallas Texas Gas Storage Agreement encompasses the contractual arrangements for storing natural gas within the Dallas area. Its purpose is to establish the rights and obligations of the parties involved while ensuring a reliable and secure storage system. The agreement can vary depending on factors like storage capacity, access, seasonal needs, and interruption tolerance, with various types available to align with specific requirements.