This form is used when Owners desire to consolidate, pool, and unitize Lands and Leases to facilitate the exploration for development of, and production of gas and associated hydrocarbons. Under the terms and provisions of each of the Leases, the Owners of the Leases have the right to consolidate, pool, and unitize all of the Lands, and the leasehold and royalty in the Lands, into one consolidated, pooled, and unitized area for the exploration, development, and production of gas.
Alaska Designation of Gas Unit
State:
Multi-State
Control #:
US-OG-377
Format:
Word;
Rich Text
Instant download
Description
How to fill out Designation Of Gas Unit?
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FAQ
While royalties on oil and gas produced from state territory generally hover between 12.5% and 16.67%, state law gives the commissioner of the Department of Natural Resources the authority to vary those terms if doing so is deemed in the state's best interest.
Top Natural Gas Producers: Texas: 24.6% (8.5 trillion cubic feet) Pennsylvania: 21.8% (7.53 trillion cubic feet) Louisiana: 9.9% (3.41 trillion cubic feet) West Virginia: 7.4% (2.54 trillion cubic feet) Oklahoma: 6.7% (2.31 trillion cubic feet)
Alaskan gas wells are located in two regions. The largest source is the North Slope area around Prudhoe Bay where gas was discovered along with oil in 1968. In 1974 the State of Alaska's Division of Geological & Geophysical Surveys estimated that the field held 26×1012 cu ft (740 km3) of natural gas.
Member Companies Alyeska Pipeline Service Company. ... BlueCrest Energy, Inc. ... Chevron Corporation. ... ConocoPhillips Alaska, Inc. ... Eni. ... ExxonMobil Alaska. ... Glacier Oil & Gas Corporation. ... Hilcorp.
Alaskans who rely on natural gas are on the verge of a shortage, as Hilcorp, the one big producer in Cook Inlet is running out of easily accessible gas and warns it might not sign future contracts with utilities. The State of Alaska says demand for gas might outpace supply as soon as 2027.
Most of Alaska's crude oil production?typically over 95%?occurs on the North Slope. The Trans-Alaska Pipeline System, which began operating in 1977, transports crude oil 800 miles from the frozen North Slope to the warm-water port at Valdez, on Alaska's southern coast.
The State of Alaska is both a producer and consumer of natural gas.
Electricity production breakdown in Alaska 2021, by source Natural gas is the largest source of electricity generation in Alaska. In 2021, it accounted for more than 40 percent of the power generated in the U.S. state.
