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 Jose California Gas Storage and Secondary Recovery Unit Agreement involves a comprehensive contractual arrangement between the parties involved in the gas industry. This agreement pertains to gas storage and secondary recovery operations within San Jose, California, and outlines the terms, conditions, and responsibilities for all stakeholders. The primary objective of the San Jose California Gas Storage and Secondary Recovery Unit Agreement is to establish a framework for the safe and efficient management of gas storage and secondary recovery activities in the region. It regulates the utilization of underground natural gas storage facilities, aiming to ensure reliable gas supply during peak demand periods and stabilize prices in the market. The agreement covers various aspects including storage capacity, injection and withdrawal procedures, operational safety, environmental impact mitigation, and financial obligations. It clarifies the rights and responsibilities of the gas providers, storage facility operators, and regulatory bodies involved. There might be different types of San Jose California Gas Storage and Secondary Recovery Unit Agreements based on certain differentiating factors: 1. Short-Term Agreements: These agreements typically span a short duration, usually ranging from a few weeks to a few months. They are designed to cater to immediate gas storage needs and provide flexibility for users who require temporary storage services to balance supply and demand fluctuations, particularly during weather-related events or unexpected market conditions. 2. Long-Term Agreements: These agreements are established for a longer duration, often ranging from several months to several years. They serve as a strategic solution for gas providers to secure storage capacity for longer anticipated periods of increased demand, maintenance schedules, or planned infrastructure upgrades. 3. Customized Agreements: In some cases, gas storage facilities may offer customized agreements to meet specific requirements of certain stakeholders. These agreements can be tailor-made to address unique operational needs, flexibility demands, or specialized services. San Jose California Gas Storage and Secondary Recovery Unit Agreements play a crucial role in ensuring the reliability and stability of gas supply within the region. They promote responsible resource management, effective risk mitigation, and efficient gas market operations. Compliance with regulatory standards and collaborative efforts between all parties involved are key in successfully implementing these agreements and meeting the energy demands of San Jose, California, and its surrounding areas.San Jose California Gas Storage and Secondary Recovery Unit Agreement involves a comprehensive contractual arrangement between the parties involved in the gas industry. This agreement pertains to gas storage and secondary recovery operations within San Jose, California, and outlines the terms, conditions, and responsibilities for all stakeholders. The primary objective of the San Jose California Gas Storage and Secondary Recovery Unit Agreement is to establish a framework for the safe and efficient management of gas storage and secondary recovery activities in the region. It regulates the utilization of underground natural gas storage facilities, aiming to ensure reliable gas supply during peak demand periods and stabilize prices in the market. The agreement covers various aspects including storage capacity, injection and withdrawal procedures, operational safety, environmental impact mitigation, and financial obligations. It clarifies the rights and responsibilities of the gas providers, storage facility operators, and regulatory bodies involved. There might be different types of San Jose California Gas Storage and Secondary Recovery Unit Agreements based on certain differentiating factors: 1. Short-Term Agreements: These agreements typically span a short duration, usually ranging from a few weeks to a few months. They are designed to cater to immediate gas storage needs and provide flexibility for users who require temporary storage services to balance supply and demand fluctuations, particularly during weather-related events or unexpected market conditions. 2. Long-Term Agreements: These agreements are established for a longer duration, often ranging from several months to several years. They serve as a strategic solution for gas providers to secure storage capacity for longer anticipated periods of increased demand, maintenance schedules, or planned infrastructure upgrades. 3. Customized Agreements: In some cases, gas storage facilities may offer customized agreements to meet specific requirements of certain stakeholders. These agreements can be tailor-made to address unique operational needs, flexibility demands, or specialized services. San Jose California Gas Storage and Secondary Recovery Unit Agreements play a crucial role in ensuring the reliability and stability of gas supply within the region. They promote responsible resource management, effective risk mitigation, and efficient gas market operations. Compliance with regulatory standards and collaborative efforts between all parties involved are key in successfully implementing these agreements and meeting the energy demands of San Jose, California, and its surrounding areas.
