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 Santa Clara California Gas Storage and Secondary Recovery Unit Agreement is a legally binding contract between a gas storage company and the local authorities or landowners in the Santa Clara area. This agreement outlines the terms and conditions under which the gas storage company is allowed to operate its storage and recovery units in the region. Gas storage and secondary recovery refer to the process of storing natural gas in underground reserves and extracting it when needed, providing a reliable energy supply during peak demand periods. It is crucial for meeting energy demands and maintaining a stable energy grid. Under this agreement, the gas storage company obtains the necessary permissions and rights to construct, operate, and maintain gas storage and secondary recovery units in Santa Clara, California. The agreement defines the responsibilities and obligations of both parties involved. Key provisions in the agreement may include: 1. Location and size of the storage and recovery units: The agreement specifies the specific sites and facilities where the gas storage company can establish their operations within Santa Clara, detailing the size and capacity of the units. 2. Lease or land use arrangements: If the gas storage company requires access to privately owned land or public properties, the agreement outlines the terms of the lease or land use arrangements, including rent, duration, and any restrictions. 3. Environmental and safety regulations: This agreement ensures compliance with local, state, and federal environmental and safety regulations. It may include provisions regarding pollution prevention, waste management, groundwater protection, and safety measures to mitigate the risks associated with gas storage operations. 4. Project development and operational guidelines: The agreement may outline the development timeline, construction requirements, and standards to govern the design, maintenance, and operation of the storage and recovery units. It may also specify the gas injection and extraction rates and the expected recovery efficiency. 5. Financial considerations: The agreement covers financial matters, such as payment of royalties or fees by the gas storage company to the corresponding authorities or landowners for using the land or storage infrastructure. Different types of Santa Clara California Gas Storage and Secondary Recovery Unit Agreements may exist, depending on the specific arrangements and projects involved. These agreements can vary based on factors such as the size and capacity of the gas storage units, the technologies used for secondary recovery, the duration of the agreement, and the parties involved (e.g., private company, local government, or a joint venture). Overall, the Santa Clara California Gas Storage and Secondary Recovery Unit Agreement is designed to facilitate the safe and effective operation of gas storage and recovery units, ensuring an uninterrupted supply of natural gas and supporting the region's energy needs.The Santa Clara California Gas Storage and Secondary Recovery Unit Agreement is a legally binding contract between a gas storage company and the local authorities or landowners in the Santa Clara area. This agreement outlines the terms and conditions under which the gas storage company is allowed to operate its storage and recovery units in the region. Gas storage and secondary recovery refer to the process of storing natural gas in underground reserves and extracting it when needed, providing a reliable energy supply during peak demand periods. It is crucial for meeting energy demands and maintaining a stable energy grid. Under this agreement, the gas storage company obtains the necessary permissions and rights to construct, operate, and maintain gas storage and secondary recovery units in Santa Clara, California. The agreement defines the responsibilities and obligations of both parties involved. Key provisions in the agreement may include: 1. Location and size of the storage and recovery units: The agreement specifies the specific sites and facilities where the gas storage company can establish their operations within Santa Clara, detailing the size and capacity of the units. 2. Lease or land use arrangements: If the gas storage company requires access to privately owned land or public properties, the agreement outlines the terms of the lease or land use arrangements, including rent, duration, and any restrictions. 3. Environmental and safety regulations: This agreement ensures compliance with local, state, and federal environmental and safety regulations. It may include provisions regarding pollution prevention, waste management, groundwater protection, and safety measures to mitigate the risks associated with gas storage operations. 4. Project development and operational guidelines: The agreement may outline the development timeline, construction requirements, and standards to govern the design, maintenance, and operation of the storage and recovery units. It may also specify the gas injection and extraction rates and the expected recovery efficiency. 5. Financial considerations: The agreement covers financial matters, such as payment of royalties or fees by the gas storage company to the corresponding authorities or landowners for using the land or storage infrastructure. Different types of Santa Clara California Gas Storage and Secondary Recovery Unit Agreements may exist, depending on the specific arrangements and projects involved. These agreements can vary based on factors such as the size and capacity of the gas storage units, the technologies used for secondary recovery, the duration of the agreement, and the parties involved (e.g., private company, local government, or a joint venture). Overall, the Santa Clara California Gas Storage and Secondary Recovery Unit Agreement is designed to facilitate the safe and effective operation of gas storage and recovery units, ensuring an uninterrupted supply of natural gas and supporting the region's energy needs.
