This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.
Arkansas Over-Production and Under-Production of Gas
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Multi-State
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US-OG-502
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Word;
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FAQ
The top five dry natural gas-producing states in 2022, by amount and percentage share of total U.S. dry gas production, were: Texas?9.25 Tcf?25.4% Pennsylvania?7.41 Tcf?20.4% Louisiana?4.04 Tcf?11.1% West Virginia?2.69 Tcf?7.4% Oklahoma?2.51 Tcf?6.9%
Natural gas trade We forecast U.S. natural gas exports will reach an annual record in 2023 and will continue to grow in 2024. U.S. net exports of natural gas in our forecast increase 20% this year compared with last year to average 12.8 billion cubic feet per day (Bcf/d).
Production. India's domestic crude oil and natural gas production has declined steadily since 2011-12. India produced 30.49 Mt of crude petroleum in 2020?21, declining by 5.21% over the previous fiscal. The production of natural gas was 28.67 BCM in 2020?21, declining by 8.05% over the previous year.
EIA projected dry gas production will rise to 103.72 billion cubic feet per day (bcfd) in 2023 and 105.13 bcfd in 2024 from a record 99.60 bcfd in 2022.
In 2022, natural gas reclaimed the top spot as the leading fuel used to generate electricity in Arkansas and accounted for 38% of the state's total electricity net generation. Natural gas-fired generation exceeded the state's coal-fired generation in 2020 for the first time.
The development of Arkansas's coalbed natural gas resources began in 2001 and has yielded an approximate cumulative production of 29.5 Bcf by 2016. Estimated 2016 annual production of CBM is approximately 1.15 Bcf.
We forecast global liquid fuels production (crude oil and other liquids) will increase by 1.3 million b/d in 2023 and by 0.9 million b/d in 2024. We forecast that non-OPEC production will increase by 2.2 million b/d in 2023, more than offsetting the decline in OPEC output.
After its 2021 rebound, global gas production remained stable in 2022. Global gas production, which had increased by 4.3% in 2021, remained stable in 2022, in a context of lower gas demand, and as the fall in Russia's production was offset by higher output in North America, the Middle East, China and Australia.
