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.
Travis Texas Gas Storage and Secondary Recovery Unit Agreement: Overview, Types, and Benefits The Travis Texas Gas Storage and Secondary Recovery Unit Agreement refers to a legally binding contract that outlines the terms and conditions for utilizing gas storage and secondary recovery facilities in the Travis area of Texas. This agreement provides a detailed framework to govern the storage and retrieval of gas from designated storage units and enables secondary recovery processes. There are several types of Travis Texas Gas Storage and Secondary Recovery Unit Agreements, each catering to different needs and requirements: 1. Standard Agreement: This is the most common type of agreement that sets forth the general terms and conditions applicable to gas storage and secondary recovery within the Travis Texas region. It covers aspects such as capacity allocation, operational procedures, pricing mechanisms, and maintenance responsibilities. 2. Seasonal Agreement: This type of agreement is specifically designed to meet the seasonal demands of gas storage and secondary recovery. It allows for the adjustment of storage capacity and varying withdrawal rates based on peak demand periods. Seasonal agreements often require pre-booking and may have different pricing structures. 3. Customized Agreement: In certain cases, parties engaged in gas storage and secondary recovery may negotiate a customized agreement tailored to their specific requirements. This agreement type allows for flexibility in terms of contract duration, capacity allocation, pricing models, and other mutually agreed-upon terms. The Travis Texas Gas Storage and Secondary Recovery Unit Agreement offers various benefits to the involved parties, including: 1. Reliable Gas Supply: This agreement ensures a consistent and readily available gas supply for both short-term and long-term needs in the Travis Texas region. It contributes to enhancing energy security and enables businesses to maintain uninterrupted operations. 2. Cost Efficiency: By utilizing a gas storage and secondary recovery unit, companies can optimize their energy costs. The agreement sets clear pricing mechanisms, allowing parties to take advantage of favorable market conditions and avoid price fluctuations during peak demand periods. 3. Environmental Sustainability: Gas storage and secondary recovery operations significantly contribute to reducing greenhouse gas emissions. By utilizing existing underground storage facilities, the need for new infrastructure construction is minimized, resulting in lower environmental impact. 4. Collaboration and Coordination: The agreement facilitates cooperation among multiple entities involved in gas storage and secondary recovery, including gas suppliers, storage operators, transporting companies, and end-users. This coordinated approach ensures efficient operations and maximizes the utilization of available resources. In conclusion, the Travis Texas Gas Storage and Secondary Recovery Unit Agreement establishes a comprehensive framework for gas storage and secondary recovery activities in the Travis area of Texas. With different types available, businesses can choose an agreement type that best aligns with their specific requirements. By utilizing these agreements, companies benefit from reliable gas supply, cost efficiency, sustainability, and enhanced collaboration among stakeholders.Travis Texas Gas Storage and Secondary Recovery Unit Agreement: Overview, Types, and Benefits The Travis Texas Gas Storage and Secondary Recovery Unit Agreement refers to a legally binding contract that outlines the terms and conditions for utilizing gas storage and secondary recovery facilities in the Travis area of Texas. This agreement provides a detailed framework to govern the storage and retrieval of gas from designated storage units and enables secondary recovery processes. There are several types of Travis Texas Gas Storage and Secondary Recovery Unit Agreements, each catering to different needs and requirements: 1. Standard Agreement: This is the most common type of agreement that sets forth the general terms and conditions applicable to gas storage and secondary recovery within the Travis Texas region. It covers aspects such as capacity allocation, operational procedures, pricing mechanisms, and maintenance responsibilities. 2. Seasonal Agreement: This type of agreement is specifically designed to meet the seasonal demands of gas storage and secondary recovery. It allows for the adjustment of storage capacity and varying withdrawal rates based on peak demand periods. Seasonal agreements often require pre-booking and may have different pricing structures. 3. Customized Agreement: In certain cases, parties engaged in gas storage and secondary recovery may negotiate a customized agreement tailored to their specific requirements. This agreement type allows for flexibility in terms of contract duration, capacity allocation, pricing models, and other mutually agreed-upon terms. The Travis Texas Gas Storage and Secondary Recovery Unit Agreement offers various benefits to the involved parties, including: 1. Reliable Gas Supply: This agreement ensures a consistent and readily available gas supply for both short-term and long-term needs in the Travis Texas region. It contributes to enhancing energy security and enables businesses to maintain uninterrupted operations. 2. Cost Efficiency: By utilizing a gas storage and secondary recovery unit, companies can optimize their energy costs. The agreement sets clear pricing mechanisms, allowing parties to take advantage of favorable market conditions and avoid price fluctuations during peak demand periods. 3. Environmental Sustainability: Gas storage and secondary recovery operations significantly contribute to reducing greenhouse gas emissions. By utilizing existing underground storage facilities, the need for new infrastructure construction is minimized, resulting in lower environmental impact. 4. Collaboration and Coordination: The agreement facilitates cooperation among multiple entities involved in gas storage and secondary recovery, including gas suppliers, storage operators, transporting companies, and end-users. This coordinated approach ensures efficient operations and maximizes the utilization of available resources. In conclusion, the Travis Texas Gas Storage and Secondary Recovery Unit Agreement establishes a comprehensive framework for gas storage and secondary recovery activities in the Travis area of Texas. With different types available, businesses can choose an agreement type that best aligns with their specific requirements. By utilizing these agreements, companies benefit from reliable gas supply, cost efficiency, sustainability, and enhanced collaboration among stakeholders.
