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.
The Bronx New York Gas Storage and Secondary Recovery Unit Agreement is a legal contract that regulates the storage and secondary recovery of gas resources in the Bronx area of New York. This agreement plays a crucial role in ensuring efficient and systematic utilization of gas resources, while also maintaining environmental and safety standards. The gas storage and secondary recovery units function as key infrastructure components in the region's gas industry. They provide storage facilities for excess gas, which can be later utilized during high-demand periods, ensuring a constant and reliable gas supply to the local community. Additionally, these units facilitate the extraction of gas from depleted reservoirs through secondary recovery techniques such as water flooding or gas injection. This process maximizes the recovery of residual gas, reduces waste, and enhances overall production efficiency. There are two main types of Bronx New York Gas Storage and Secondary Recovery Unit Agreements: 1) Storage Agreements and 2) Secondary Recovery Agreements. 1. Storage Agreements: These agreements focus primarily on the storage aspect of gas resources. Natural gas is injected into underground reservoirs during periods of low demand, such as spring and summer when gas consumption is relatively lower. The stored gas can be withdrawn during high-demand periods, such as winter, to meet consumer needs. Storage agreements define the terms and conditions for injection, withdrawal, and the usage of storage facilities. They outline the pricing structure, scheduling of injections and withdrawals, quantity limitations, safety protocols, and maintenance responsibilities. 2. Secondary Recovery Agreements: These agreements specifically deal with the secondary recovery of gas. Secondary recovery involves the extraction of additional quantities of gas that remain in depleted reservoirs after primary production techniques have been exhausted. Common methods include water flooding, gas re-injection, and enhanced oil recovery techniques. Secondary recovery agreements regulate the processes involved in recovering gas, including the installation and maintenance of necessary equipment, reservoir analysis, reservoir management, monitoring and reporting, cost-sharing arrangements, and environmental mitigation measures. Both types of agreements enable gas companies and storage operators to work in coordination with the relevant authorities, ensuring compliance with state and federal regulations. They promote responsible resource management, operational efficiency, and optimize the utilization of gas resources in the Bronx area of New York. Overall, the Bronx New York Gas Storage and Secondary Recovery Unit Agreements are pivotal in maintaining a sustainable and reliable gas supply to meet the energy demands of the community while adhering to safety, environmental, and operational standards.The Bronx New York Gas Storage and Secondary Recovery Unit Agreement is a legal contract that regulates the storage and secondary recovery of gas resources in the Bronx area of New York. This agreement plays a crucial role in ensuring efficient and systematic utilization of gas resources, while also maintaining environmental and safety standards. The gas storage and secondary recovery units function as key infrastructure components in the region's gas industry. They provide storage facilities for excess gas, which can be later utilized during high-demand periods, ensuring a constant and reliable gas supply to the local community. Additionally, these units facilitate the extraction of gas from depleted reservoirs through secondary recovery techniques such as water flooding or gas injection. This process maximizes the recovery of residual gas, reduces waste, and enhances overall production efficiency. There are two main types of Bronx New York Gas Storage and Secondary Recovery Unit Agreements: 1) Storage Agreements and 2) Secondary Recovery Agreements. 1. Storage Agreements: These agreements focus primarily on the storage aspect of gas resources. Natural gas is injected into underground reservoirs during periods of low demand, such as spring and summer when gas consumption is relatively lower. The stored gas can be withdrawn during high-demand periods, such as winter, to meet consumer needs. Storage agreements define the terms and conditions for injection, withdrawal, and the usage of storage facilities. They outline the pricing structure, scheduling of injections and withdrawals, quantity limitations, safety protocols, and maintenance responsibilities. 2. Secondary Recovery Agreements: These agreements specifically deal with the secondary recovery of gas. Secondary recovery involves the extraction of additional quantities of gas that remain in depleted reservoirs after primary production techniques have been exhausted. Common methods include water flooding, gas re-injection, and enhanced oil recovery techniques. Secondary recovery agreements regulate the processes involved in recovering gas, including the installation and maintenance of necessary equipment, reservoir analysis, reservoir management, monitoring and reporting, cost-sharing arrangements, and environmental mitigation measures. Both types of agreements enable gas companies and storage operators to work in coordination with the relevant authorities, ensuring compliance with state and federal regulations. They promote responsible resource management, operational efficiency, and optimize the utilization of gas resources in the Bronx area of New York. Overall, the Bronx New York Gas Storage and Secondary Recovery Unit Agreements are pivotal in maintaining a sustainable and reliable gas supply to meet the energy demands of the community while adhering to safety, environmental, and operational standards.
