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 Delaware Gas Storage and Secondary Recovery Unit Agreement is a legal contract between a gas storage operator and a customer who wishes to utilize the storage facilities and secondary recovery units in Delaware. This agreement outlines the terms and conditions under which the gas storage services will be provided, including the rights and obligations of both parties involved. The primary purpose of the Delaware Gas Storage and Secondary Recovery Unit Agreement is to establish a framework for the storage of gas in underground facilities and the subsequent recovery of this stored gas through secondary methods in Delaware. The agreement ensures that both parties understand their rights and responsibilities related to the storage and recovery operations. Keywords: Delaware, Gas Storage, Secondary Recovery Unit, Agreement, underground facilities, gas storage services, rights, obligations, recovery operations. Different types of Delaware Gas Storage and Secondary Recovery Unit Agreements may exist based on various factors such as the duration of the agreement, the volume of gas to be stored, or the specific terms and conditions established by the gas storage operator. Some examples of potential variations in this agreement may include: 1. Short-term Delaware Gas Storage and Secondary Recovery Unit Agreement: This type of agreement is designed for customers who require temporary storage and subsequent recovery of gas. It typically covers a shorter duration, commonly ranging from a few months to a year. 2. Long-term Delaware Gas Storage and Secondary Recovery Unit Agreement: This agreement type caters to customers needing gas storage and secondary recovery services for an extended period. The duration of this agreement can range from several years to several decades, depending on the needs of the customer and the capabilities of the gas storage operator. 3. Customizable Delaware Gas Storage and Secondary Recovery Unit Agreement: This type of agreement can be tailored to meet specific requirements of the customer. It allows for customization of terms and conditions related to storage capacity, injection and withdrawal rates, pricing structures, and other essential aspects. 4. Delaware Gas Storage and Secondary Recovery Unit Agreement for Natural Gas Companies: This specialized agreement type addresses the needs of natural gas companies or utility providers who require larger-scale storage and recovery capabilities to meet the demands of their customer base. These variations in Delaware Gas Storage and Secondary Recovery Unit Agreements enable flexibility, allowing customers to choose the most suitable agreement based on their specific storage and recovery needs.
