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.
Philadelphia, Pennsylvania Gas Storage and Secondary Recovery Unit Agreement (PAGSSRUA) is a legally binding contract made between a gas storage operator and a secondary recovery unit operator in the city of Philadelphia, Pennsylvania. This agreement outlines the terms and conditions agreed upon for the storage and recovery of natural gas in underground reservoirs. Keywords: Philadelphia, Pennsylvania, gas storage, secondary recovery, unit agreement, underground reservoirs. There are three main types of Philadelphia, Pennsylvania Gas Storage and Secondary Recovery Unit Agreements: 1. Underground Gas Storage Agreement: This type of agreement permits the storage of natural gas in underground reservoirs located in Philadelphia. It defines the storage capacity, withdrawal and injection rights, operational procedures, and financial obligations of the gas storage operator and the secondary recovery unit operator. 2. Gas Injection Agreement: This particular agreement focuses on the injection of natural gas into underground reservoirs for storage purposes. It sets forth the terms related to gas injection rates, quality specifications, pressure limits, and safety measures. Additionally, it details the responsibilities of both parties regarding maintenance, inspection, and repairs of the injection facilities. 3. Gas Withdrawal Agreement: The Gas Withdrawal Agreement specifically addresses the conditions and procedures for the extraction of stored natural gas from underground reservoirs. It outlines the withdrawal rates, quality standards, pressure thresholds, and the operating guidelines for ensuring safe and efficient gas retrieval. The agreement also elaborates on the financial aspects, including billing and payment terms for the gas withdrawn. Overall, the Philadelphia, Pennsylvania Gas Storage and Secondary Recovery Unit Agreement encompasses various types of agreements related to gas storage and secondary recovery in the city. These agreements play a vital role in facilitating the operational activities and ensuring the compliance of both the gas storage operator and the secondary recovery unit operator with legal and safety requirements.Philadelphia, Pennsylvania Gas Storage and Secondary Recovery Unit Agreement (PAGSSRUA) is a legally binding contract made between a gas storage operator and a secondary recovery unit operator in the city of Philadelphia, Pennsylvania. This agreement outlines the terms and conditions agreed upon for the storage and recovery of natural gas in underground reservoirs. Keywords: Philadelphia, Pennsylvania, gas storage, secondary recovery, unit agreement, underground reservoirs. There are three main types of Philadelphia, Pennsylvania Gas Storage and Secondary Recovery Unit Agreements: 1. Underground Gas Storage Agreement: This type of agreement permits the storage of natural gas in underground reservoirs located in Philadelphia. It defines the storage capacity, withdrawal and injection rights, operational procedures, and financial obligations of the gas storage operator and the secondary recovery unit operator. 2. Gas Injection Agreement: This particular agreement focuses on the injection of natural gas into underground reservoirs for storage purposes. It sets forth the terms related to gas injection rates, quality specifications, pressure limits, and safety measures. Additionally, it details the responsibilities of both parties regarding maintenance, inspection, and repairs of the injection facilities. 3. Gas Withdrawal Agreement: The Gas Withdrawal Agreement specifically addresses the conditions and procedures for the extraction of stored natural gas from underground reservoirs. It outlines the withdrawal rates, quality standards, pressure thresholds, and the operating guidelines for ensuring safe and efficient gas retrieval. The agreement also elaborates on the financial aspects, including billing and payment terms for the gas withdrawn. Overall, the Philadelphia, Pennsylvania Gas Storage and Secondary Recovery Unit Agreement encompasses various types of agreements related to gas storage and secondary recovery in the city. These agreements play a vital role in facilitating the operational activities and ensuring the compliance of both the gas storage operator and the secondary recovery unit operator with legal and safety requirements.
