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.
San Diego California Gas Storage and Secondary Recovery Unit Agreement is a legally binding contract between the gas storage provider and the gas consumer in San Diego, California. It outlines the terms and conditions for storing natural gas underground and the subsequent recovery of the stored gas for consumer use. This agreement is crucial for ensuring a reliable supply of gas and maintaining the overall stability of the gas market. The Gas Storage and Secondary Recovery Unit Agreement cover various important aspects such as the duration of the agreement, storage capacity, injection and withdrawal rights, pricing, operational procedures, and maintenance responsibilities. It provides a clear framework that governs the storage and retrieval of natural gas, ensuring the efficient utilization of resources and minimizing any potential risks or conflicts. There are different types of Gas Storage and Secondary Recovery Unit Agreements tailored to meet the specific needs and requirements of different parties involved. These may include: 1. Short-Term Agreements: These agreements are typically valid for a shorter duration, usually spanning a few months to a year. They are ideal for meeting seasonal or temporary demands for natural gas, offering flexibility for businesses or consumers. 2. Long-Term Agreements: Long-term agreements are typically multi-year contracts that provide stability and security of supply for both the storage provider and the consumer. They are suitable when there is a consistent need for gas storage and retrieval. 3. Interruptible Agreements: Interruptible agreements allow the storage provider to interrupt the supply of gas in exchange for a price incentive. These agreements are beneficial when the demand for gas is lower, allowing the provider to utilize the stored gas for more critical purposes. 4. Firm Agreements: Firm agreements ensure a guaranteed supply of gas to the consumer, and the storage provider cannot interrupt the gas delivery. They are usually preferred by industries or businesses with constant gas requirements. In summary, the San Diego California Gas Storage and Secondary Recovery Unit Agreement is a comprehensive contract that regulates the storage and recovery of natural gas. It serves as a crucial tool for managing gas supplies efficiently and meeting the diverse demands of consumers. The different types of agreements mentioned above offer flexibility and cater to the specific needs of the parties involved.San Diego California Gas Storage and Secondary Recovery Unit Agreement is a legally binding contract between the gas storage provider and the gas consumer in San Diego, California. It outlines the terms and conditions for storing natural gas underground and the subsequent recovery of the stored gas for consumer use. This agreement is crucial for ensuring a reliable supply of gas and maintaining the overall stability of the gas market. The Gas Storage and Secondary Recovery Unit Agreement cover various important aspects such as the duration of the agreement, storage capacity, injection and withdrawal rights, pricing, operational procedures, and maintenance responsibilities. It provides a clear framework that governs the storage and retrieval of natural gas, ensuring the efficient utilization of resources and minimizing any potential risks or conflicts. There are different types of Gas Storage and Secondary Recovery Unit Agreements tailored to meet the specific needs and requirements of different parties involved. These may include: 1. Short-Term Agreements: These agreements are typically valid for a shorter duration, usually spanning a few months to a year. They are ideal for meeting seasonal or temporary demands for natural gas, offering flexibility for businesses or consumers. 2. Long-Term Agreements: Long-term agreements are typically multi-year contracts that provide stability and security of supply for both the storage provider and the consumer. They are suitable when there is a consistent need for gas storage and retrieval. 3. Interruptible Agreements: Interruptible agreements allow the storage provider to interrupt the supply of gas in exchange for a price incentive. These agreements are beneficial when the demand for gas is lower, allowing the provider to utilize the stored gas for more critical purposes. 4. Firm Agreements: Firm agreements ensure a guaranteed supply of gas to the consumer, and the storage provider cannot interrupt the gas delivery. They are usually preferred by industries or businesses with constant gas requirements. In summary, the San Diego California Gas Storage and Secondary Recovery Unit Agreement is a comprehensive contract that regulates the storage and recovery of natural gas. It serves as a crucial tool for managing gas supplies efficiently and meeting the diverse demands of consumers. The different types of agreements mentioned above offer flexibility and cater to the specific needs of the parties involved.
