Illinois 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

Illinois is the third-largest ethanol-producing state (1.4 billion gallons annually) and the fourth-largest biodiesel fuel producer (167 million gallons). Illinois generates more electricity from nuclear energy than any other state, and it accounted for about 13% of U.S. nuclear power generation in 2022.

In 2021, Illinois had a total summer capacity of 45,879 MW through all of its power plants. In 2022, Illinois had a net generation of 192,443 GWh. That year, the corresponding electrical energy generation mix was (approximately) 52.1% nuclear, 21.5% coal, 12.8% natural gas, 12.2% wind, and 0.9% solar.

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.

Energy Sources in the United States Natural gas: 31.8% Petroleum (crude oil and natural gas plant liquids): 28% Coal: 17.8% Renewable energy: 12.7% Nuclear electric power: 9.6%"

In Illinois there are eleven operating commercial nuclear power reactors at six sites, generating about 50 percent of the state's electricity.

Introduction #StateCrude Oil Production14Ohio18,147 Mbbl15Illinois7,054 Mbbl16Pennsylvania6,357 Mbbl17Michigan4,454 Mbbl28 more rows

Electricity. Illinois generates more electricity from nuclear energy than any other state, accounting for one-eighth of the nation's total nuclear power generation.

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Illinois Over-Production and Under-Production of Gas