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 Suffolk New York Gas Storage and Secondary Recovery Unit Agreement refers to a legal contract that governs the terms and conditions of gas storage and secondary recovery operations in the county of Suffolk, New York. This agreement is crucial in regulating the extraction, storage, and utilization of natural gas resources in the region. Gas storage and secondary recovery operations involve the process of injecting gas into underground reservoirs for future use, ensuring a constant supply of natural gas even during periods of low gas production. This agreement establishes the terms under which these operations are conducted, outlining the rights and responsibilities of all parties involved. There may be different types of Suffolk New York Gas Storage and Secondary Recovery Unit Agreements, depending on various factors such as the specific gas storage facility, the concerned parties, and the duration of the contract. Some possible types include: 1. Public-Private Partnership Agreement: This type of agreement is entered into between a government entity and a private company, where the government permits the private company to operate a gas storage and secondary recovery unit in Suffolk, New York. 2. Long-term Lease Agreement: In this case, a landowner or a company owning land in Suffolk, New York, leases the property to a gas storage and secondary recovery operator for an extended period. The agreement specifies the use, maintenance, and compensation terms. 3. Joint Venture Agreement: When multiple companies collaborate to establish a gas storage and secondary recovery unit in Suffolk, New York, a joint venture agreement is formed. This agreement outlines the responsibilities, profit-sharing arrangements, and decision-making processes of all participating entities. 4. Operations and Maintenance Agreement: This type of agreement is made between the gas storage and secondary recovery unit operator and a service provider responsible for managing and maintaining the facility. It sets out the scope of work, performance standards, and financial obligations. 5. Environment Protection Agreement: To ensure compliance with environmental regulations and mitigation of any potential impacts, gas storage and secondary recovery operators may enter into an agreement with local or state environmental agencies. This agreement lays down measures to minimize pollution, protect water sources, and restore any disturbed areas. In conclusion, the Suffolk New York Gas Storage and Secondary Recovery Unit Agreement is a contractual document that governs gas storage and secondary recovery operations in Suffolk, New York. The agreement can exist in various forms, depending on the specific circumstances of the gas storage facility and the parties involved.The Suffolk New York Gas Storage and Secondary Recovery Unit Agreement refers to a legal contract that governs the terms and conditions of gas storage and secondary recovery operations in the county of Suffolk, New York. This agreement is crucial in regulating the extraction, storage, and utilization of natural gas resources in the region. Gas storage and secondary recovery operations involve the process of injecting gas into underground reservoirs for future use, ensuring a constant supply of natural gas even during periods of low gas production. This agreement establishes the terms under which these operations are conducted, outlining the rights and responsibilities of all parties involved. There may be different types of Suffolk New York Gas Storage and Secondary Recovery Unit Agreements, depending on various factors such as the specific gas storage facility, the concerned parties, and the duration of the contract. Some possible types include: 1. Public-Private Partnership Agreement: This type of agreement is entered into between a government entity and a private company, where the government permits the private company to operate a gas storage and secondary recovery unit in Suffolk, New York. 2. Long-term Lease Agreement: In this case, a landowner or a company owning land in Suffolk, New York, leases the property to a gas storage and secondary recovery operator for an extended period. The agreement specifies the use, maintenance, and compensation terms. 3. Joint Venture Agreement: When multiple companies collaborate to establish a gas storage and secondary recovery unit in Suffolk, New York, a joint venture agreement is formed. This agreement outlines the responsibilities, profit-sharing arrangements, and decision-making processes of all participating entities. 4. Operations and Maintenance Agreement: This type of agreement is made between the gas storage and secondary recovery unit operator and a service provider responsible for managing and maintaining the facility. It sets out the scope of work, performance standards, and financial obligations. 5. Environment Protection Agreement: To ensure compliance with environmental regulations and mitigation of any potential impacts, gas storage and secondary recovery operators may enter into an agreement with local or state environmental agencies. This agreement lays down measures to minimize pollution, protect water sources, and restore any disturbed areas. In conclusion, the Suffolk New York Gas Storage and Secondary Recovery Unit Agreement is a contractual document that governs gas storage and secondary recovery operations in Suffolk, New York. The agreement can exist in various forms, depending on the specific circumstances of the gas storage facility and the parties involved.
