Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)

State:
Multi-State
Control #:
US-OG-1016
Format:
Word; 
Rich Text
Instant download

Description

This is an agreement to establish a gas storage unit on depleted producing property.

Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property) The Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property) is a legal agreement specific to the state of Illinois that governs the establishment and operation of a gas storage unit on a depleted producing property. This agreement sets out the terms and conditions under which the storage unit can be created and utilized, ensuring compliance with state regulations and environmental standards. Keywords: Illinois, gas storage unit, depleted producing property, legal agreement, establishment, operation, terms and conditions, state regulations, environmental standards. Types of Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property): 1. Depleted Reservoir Storage Agreement: This type of agreement specifically addresses the establishment of a gas storage unit on a depleted reservoir, which is a previously productive natural gas or oil reservoir that has been depleted of its primary resources. The agreement outlines the terms for converting the depleted reservoir into a storage unit, defining the responsibilities of all parties involved. 2. Underground Storage Agreement: An underground storage agreement pertains to the establishment of a gas storage unit below the Earth's surface. It may involve the utilization of depleted producing properties, such as depleted natural gas wells or oil reservoirs, for the purpose of storing natural gas or other fuel-related commodities. This agreement covers various operational aspects, safety measures, and allocation of storage capacity. 3. Landowner and Operator Agreement: This type of agreement focuses on the relationship between the landowner and the operator responsible for establishing the gas storage unit. It outlines the rights and responsibilities of both parties, including usage rights, financial considerations (such as lease payments and royalty agreements), and obligations related to environmental protection and site restoration. 4. Co-Development Agreement: A co-development agreement involves multiple parties collaborating to establish a gas storage unit on a depleted producing property. It encompasses the roles and responsibilities of each participating entity, resource allocation, cost-sharing, and other pertinent provisions to facilitate efficient coordination and operation of the storage unit. 5. Regulatory Compliance Agreement: This agreement is specifically designed to ensure adherence to relevant state regulations and environmental standards. It encompasses obligations related to reporting, monitoring, and mitigation of any potential environmental or safety risks associated with the establishment and operation of the gas storage unit. In conclusion, the Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property) is a comprehensive legal document that governs the establishment and operation of a gas storage unit on previously productive properties in the state of Illinois. Different types of agreements exist to address specific aspects such as the type of depleted producing property, involved parties, coordination of multiple entities, and regulatory compliance.

Free preview
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)
  • Preview Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)

How to fill out Illinois Gas Storage Unit Agreement (Establish Unit On Depleted Producing Property)?

Choosing the best authorized file web template might be a struggle. Naturally, there are a variety of web templates available on the net, but how would you obtain the authorized type you will need? Make use of the US Legal Forms website. The service offers 1000s of web templates, like the Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property), which can be used for company and personal requires. All of the types are inspected by specialists and meet state and federal demands.

In case you are currently listed, log in for your accounts and then click the Download button to obtain the Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property). Utilize your accounts to check through the authorized types you possess bought formerly. Proceed to the My Forms tab of your respective accounts and acquire another duplicate of your file you will need.

In case you are a brand new customer of US Legal Forms, here are straightforward recommendations that you should adhere to:

  • Initial, ensure you have chosen the proper type for your area/county. You are able to examine the shape using the Review button and look at the shape explanation to guarantee this is the right one for you.
  • In the event the type does not meet your requirements, take advantage of the Seach discipline to find the proper type.
  • When you are sure that the shape is proper, click the Get now button to obtain the type.
  • Pick the prices plan you need and enter the essential information. Create your accounts and pay for the order making use of your PayPal accounts or charge card.
  • Opt for the file file format and download the authorized file web template for your system.
  • Complete, edit and printing and signal the received Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property).

US Legal Forms will be the largest collection of authorized types for which you can discover various file web templates. Make use of the company to download professionally-manufactured paperwork that adhere to state demands.

Form popularity

FAQ

The whole tank floats in a circular or annular water reservoir, held up by the roughly constant pressure of a varying volume of gas, the pressure determined by the weight of the structure, and the water providing the seal for the gas within the moving walls.

FERC reviews applications for construction and operation of interstate natural gas pipelines under the authority of section 7 of the Natural Gas Act. FERC review ensures that applicants certify that they will comply with Department of Transportation safety standards.

The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil. FERC also reviews proposals to build liquefied natural gas (LNG) terminals and interstate natural gas pipelines as well as licensing hydropower projects.

The main function of gas storages is to inject and store natural gas at time of low prices and/or low demand and use the gas by withdrawing at times of higher prices and/or higher demand. We can identify three parameters to characterize a gas storage: working gas volume, injection capacity and withdrawal capacity.

PHMSA is responsible for regulating and ensuring the safe and secure movement of hazardous materials to industry and consumers by all modes of transportation, including pipelines.

?PHMSA. Underground Gas Storage facilities are also regulated by the United States Department of Transportation, Pipeline and Hazardous Materials Safety Administration (PHMSA). CalGEM has entered a 60106 agreement with PHMSA to act as a state partner and inspect UGS facilities on behalf of PHMSA.

Natural Gas Storage - Storage Fields The working gas requirement is generally about 50% of the total reservoir capacity. Gas is withdrawn in winter season and injected in summer. This type of storage facility can be used for long system supply or peak day.

Domestic natural gas markets are regulated in part by the Federal Energy Regulatory Commission . The commission's chief area of concern is the interstate natural gas market. Natural gas moves for the most part by pipeline in the United States.

Interesting Questions

More info

This is an agreement to establish a gas storage unit on depleted producing property. Free preview. Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property); Gas Storage Unit Agreement; Joinder to Unit Operating Agreement a/or Unit AgreementGas Storage Unit Agreement (Establish Unit on Depleted Producing Property) · Gas Storage Unit Agreement · Gas Storage and Secondary Recovery Unit Agreement ... "Drilling Unit" means the surface area allocated by an order or regulation of the Department to the drilling of a single well for the production of oil or gas ... by F McGaha · 1986 · Cited by 11 — to lease it and obtain the rental payments for the gas storage. These two cases establish the mineral owner's authority to lease the. ALL PROPERTY STORED UNDER A RENTAL AGREEMENT MAY BE SOLD OR OTHERWISE DISPOSED OF IF NO PAYMENT. HAS BEEN RECEIVED FOR A CONTINUOUS SIXTY-DAY PERIOD WHEN DUE. L. 114–183) to establish minimum safety standards for depleted-hydrocarbon reservoirs, aquifer reservoirs, and solution-mined salt caverns used for the storage ... Jun 12, 2023 — This article walks you through how create a detailed and thorough self-storage lease that is both beneficial and compliant. ... production in paying quantities. The objective of the drilling or well-reworking must be to establish production in paying quantities on the lease. (b) If ... Apr 27, 2022 — A landlord can evict a tenant for the nonpayment of rent, for the failure to vacate the premises after a lease agreement has expired, for a ...

Trusted and secure by over 3 million people of the world’s leading companies

Illinois Gas Storage Unit Agreement (Establish Unit on Depleted Producing Property)