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 Mecklenburg North Carolina Gas Storage and Secondary Recovery Unit Agreement refers to a contractual arrangement that outlines the terms and conditions between parties involved in gas storage and secondary recovery operations in Mecklenburg County, North Carolina. This agreement is designed to regulate the utilization and maintenance of gas storage facilities while promoting efficient secondary recovery practices in the region. Keywords: Mecklenburg North Carolina, gas storage, secondary recovery, unit agreement, contractual arrangement, terms and conditions, gas storage facilities, efficient practices, Mecklenburg County. There are two primary types of Mecklenburg North Carolina Gas Storage and Secondary Recovery Unit Agreements: 1. Gas Storage Agreement: This type of agreement focuses on the terms and conditions related to the leasing, operation, and utilization of gas storage facilities located in Mecklenburg County, North Carolina. It encompasses provisions such as capacity allocation, injection and withdrawal rates, pricing structures, maintenance responsibilities, and confidentiality obligations. 2. Secondary Recovery Unit Agreement: This agreement specifically pertains to secondary recovery operations in Mecklenburg County, North Carolina. It outlines the terms and conditions regarding the extraction of additional gas from reservoirs through enhanced recovery techniques. The agreement covers aspects like reservoir development plans, enhanced recovery methods, cost-sharing arrangements, allocation and distribution of recovered gas, and adherence to environmental regulations. Both types of agreements aim to establish a legal framework that ensures smooth and safe gas storage and secondary recovery operations in Mecklenburg County. These agreements are crucial for fostering effective collaboration among stakeholders, optimizing gas storage capacity, minimizing environmental impact, and maintaining compliance with relevant industry standards and regulations. In summary, the Mecklenburg North Carolina Gas Storage and Secondary Recovery Unit Agreement plays a vital role in governing gas storage and secondary recovery activities in the region. By establishing clear terms and conditions, it ensures the sustainable and efficient use of gas resources while upholding environmental and safety standards.The Mecklenburg North Carolina Gas Storage and Secondary Recovery Unit Agreement refers to a contractual arrangement that outlines the terms and conditions between parties involved in gas storage and secondary recovery operations in Mecklenburg County, North Carolina. This agreement is designed to regulate the utilization and maintenance of gas storage facilities while promoting efficient secondary recovery practices in the region. Keywords: Mecklenburg North Carolina, gas storage, secondary recovery, unit agreement, contractual arrangement, terms and conditions, gas storage facilities, efficient practices, Mecklenburg County. There are two primary types of Mecklenburg North Carolina Gas Storage and Secondary Recovery Unit Agreements: 1. Gas Storage Agreement: This type of agreement focuses on the terms and conditions related to the leasing, operation, and utilization of gas storage facilities located in Mecklenburg County, North Carolina. It encompasses provisions such as capacity allocation, injection and withdrawal rates, pricing structures, maintenance responsibilities, and confidentiality obligations. 2. Secondary Recovery Unit Agreement: This agreement specifically pertains to secondary recovery operations in Mecklenburg County, North Carolina. It outlines the terms and conditions regarding the extraction of additional gas from reservoirs through enhanced recovery techniques. The agreement covers aspects like reservoir development plans, enhanced recovery methods, cost-sharing arrangements, allocation and distribution of recovered gas, and adherence to environmental regulations. Both types of agreements aim to establish a legal framework that ensures smooth and safe gas storage and secondary recovery operations in Mecklenburg County. These agreements are crucial for fostering effective collaboration among stakeholders, optimizing gas storage capacity, minimizing environmental impact, and maintaining compliance with relevant industry standards and regulations. In summary, the Mecklenburg North Carolina Gas Storage and Secondary Recovery Unit Agreement plays a vital role in governing gas storage and secondary recovery activities in the region. By establishing clear terms and conditions, it ensures the sustainable and efficient use of gas resources while upholding environmental and safety standards.
