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 Kings New York Gas Storage and Secondary Recovery Unit Agreement is a contractual agreement that outlines the terms and conditions for the utilization of underground gas storage facilities and secondary recovery units operated by Kings New York. This agreement governs the procedures, responsibilities, and rights of the parties involved in the storage and recovery of natural gas. Kings New York is a notable provider of gas storage solutions, offering state-of-the-art facilities designed to meet the increasing demand for energy resources. Their comprehensive gas storage and secondary recovery unit arrangements cater to the needs of various industries and stakeholders, ensuring efficient management and utilization of stored gas. The primary objective of the Kings New York Gas Storage and Secondary Recovery Unit Agreement is to establish a clear understanding between Kings New York and its clients regarding the use of their storage facilities. It outlines the parameters for allocation, withdrawal, injection, and monitoring of natural gas. This agreement ensures transparency, safety, and adherence to industry regulations throughout the gas storage process. The Kings New York Gas Storage and Secondary Recovery Unit Agreement encompasses various types of agreements depending on the specific requirements of the customers. These agreements may include: 1. Base Storage Agreement: This type of agreement defines the fundamental terms and conditions for gas storage services. It outlines the provisions for storage capacity allocation, withdrawal rights, and pricing mechanisms. 2. Interruptible Storage Agreement: This agreement provides customers with non-guaranteed storage capacity, allowing for more flexibility in utilizing storage services. However, the availability of services may be subject to curtailment during high demand periods. 3. Firm Transportation and Storage Agreement: This combined agreement allows customers to receive firm transportation services along with guaranteed storage capacity. It ensures reliable gas delivery and storage options to fulfill customers' specific energy needs. 4. Seasonal Storage Agreement: Designed for customers with seasonal gas demands, this agreement permits the short-term leasing of storage capacity during peak periods and subsequent withdrawal during off-peak seasons. By offering these diverse types of agreements, Kings New York accommodates various customer preferences and commitments, facilitating an efficient and customized gas storage experience. In conclusion, the Kings New York Gas Storage and Secondary Recovery Unit Agreement is a comprehensive contract that governs the utilization of their gas storage facilities. With the availability of different agreement types, Kings New York ensures flexibility, reliability, and tailored gas storage solutions for their clients.The Kings New York Gas Storage and Secondary Recovery Unit Agreement is a contractual agreement that outlines the terms and conditions for the utilization of underground gas storage facilities and secondary recovery units operated by Kings New York. This agreement governs the procedures, responsibilities, and rights of the parties involved in the storage and recovery of natural gas. Kings New York is a notable provider of gas storage solutions, offering state-of-the-art facilities designed to meet the increasing demand for energy resources. Their comprehensive gas storage and secondary recovery unit arrangements cater to the needs of various industries and stakeholders, ensuring efficient management and utilization of stored gas. The primary objective of the Kings New York Gas Storage and Secondary Recovery Unit Agreement is to establish a clear understanding between Kings New York and its clients regarding the use of their storage facilities. It outlines the parameters for allocation, withdrawal, injection, and monitoring of natural gas. This agreement ensures transparency, safety, and adherence to industry regulations throughout the gas storage process. The Kings New York Gas Storage and Secondary Recovery Unit Agreement encompasses various types of agreements depending on the specific requirements of the customers. These agreements may include: 1. Base Storage Agreement: This type of agreement defines the fundamental terms and conditions for gas storage services. It outlines the provisions for storage capacity allocation, withdrawal rights, and pricing mechanisms. 2. Interruptible Storage Agreement: This agreement provides customers with non-guaranteed storage capacity, allowing for more flexibility in utilizing storage services. However, the availability of services may be subject to curtailment during high demand periods. 3. Firm Transportation and Storage Agreement: This combined agreement allows customers to receive firm transportation services along with guaranteed storage capacity. It ensures reliable gas delivery and storage options to fulfill customers' specific energy needs. 4. Seasonal Storage Agreement: Designed for customers with seasonal gas demands, this agreement permits the short-term leasing of storage capacity during peak periods and subsequent withdrawal during off-peak seasons. By offering these diverse types of agreements, Kings New York accommodates various customer preferences and commitments, facilitating an efficient and customized gas storage experience. In conclusion, the Kings New York Gas Storage and Secondary Recovery Unit Agreement is a comprehensive contract that governs the utilization of their gas storage facilities. With the availability of different agreement types, Kings New York ensures flexibility, reliability, and tailored gas storage solutions for their clients.
