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