Connecticut Over-Production and Under-Production of Gas

State:
Multi-State
Control #:
US-OG-502
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

North America Its largest gas field, the Marcellus Shale, may have up to 14 tcm (500 tcf) ing to some estimates.

Natural gas deregulation in Connecticut: Gave commercial and industrial customers the choice of selecting a PURA approved gas marketer or purchasing gas through the regulated utility that provides service to them.

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%

Five of the 34 natural gas producing states accounted for about 70.4% of total U.S. dry natural gas production in 2022. The top five natural gas-producing states and their percentage share of total U.S. natural gas production in 2021 were: Texas24.6% Pennsylvania21.8% Louisiana9.9% West Virginia7.4% Oklahoma6.7%

Gas usage has declined by as much as 19% in some states and increased by 32% in others. Montana, Wyoming and Rhode Island are the most gas-guzzling states. Pennsylvania, New York and Massachusetts use the least gas.

Immediately, you will notice that fossil fuels (crude, natural gas and coal) make up the lion's share of the energy that the U.S. produces. In fact, the top five energy-producing states overall (Texas, Wyoming, Pennsylvania, Louisiana and West Virginia) are also the top five fossil energy-producing states.

?The interstate pipeline system that supplies Connecticut's natural gas is already constrained, and there is limited liquified natural gas (LNG) capacity in Connecticut.

Natural gas arrives in Connecticut from the Appalachian region and also from Canada, the U.S. Gulf Coast, and the U.S. Mid-Continent region. Almost all of the natural gas that enters Connecticut comes through the state of New York.

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Connecticut Over-Production and Under-Production of Gas