Illinois Gas Storage and Secondary Recovery Unit Agreement

State:
Multi-State
Control #:
US-OG-774
Format:
Word; 
Rich Text
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Description

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 Illinois Gas Storage and Secondary Recovery Unit Agreement is a legal contract entered into between gas storage operators and well owners in the state of Illinois. This agreement establishes the terms and conditions for the storage and secondary recovery of natural gas from underground reservoirs. Under this agreement, gas storage operators have the right to use the underground reservoirs and associated facilities to store natural gas. They are responsible for operating and maintaining the storage infrastructure, including monitoring the gas injections and withdrawals, maintaining the integrity of the reservoirs, and ensuring compliance with safety regulations. Well owners, on the other hand, grant access to their wells to the gas storage operators for the purpose of secondary recovery. Secondary recovery refers to the process of injecting gas or other substances into the reservoir to enhance the extraction of trapped natural gas. Well owners may receive compensation for allowing the gas storage operators to use their wells for secondary recovery activities. The Illinois Gas Storage and Secondary Recovery Unit Agreement is typically divided into different types based on the specific terms and conditions agreed upon by the parties involved. These types include: 1. Standard Agreement: This is the most common type of agreement, often used as a template for new gas storage projects. It outlines the general terms and conditions applicable to all parties involved. 2. Area of Mutual Interest (AMI) Agreement: This agreement is used when multiple well owners and gas storage operators collaborate in a specific geographic area. It establishes the rules for coordination and the sharing of resources and responsibilities among the parties. 3. Lease Agreement: In some cases, gas storage operators may enter into lease agreements with well owners, granting them exclusive rights to use the wells for secondary recovery. This type of agreement outlines the lease terms, rental fees, and obligations of both parties. 4. Fill and Withdrawal Agreement: This agreement specifically addresses the processes and procedures for gas injections and withdrawals from the storage reservoirs. It includes details on scheduling, allocation of storage capacity, measurement, and pricing. In conclusion, the Illinois Gas Storage and Secondary Recovery Unit Agreement is a comprehensive legal document that governs the storage and secondary recovery of natural gas in underground reservoirs. With various types of agreements available, it allows for flexibility in accommodating the specific needs and obligations of the parties involved.

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FAQ

Illinois Oil and Gas Act (225 ILCS 725) provides for the conservation of oil and gas resources through the protection of correlative rights, proper well spacing, integration and unitization of mineral interests; and for the regulation of the drilling, construction, operation, and plugging of oil and gas production ...

Unitization, in contrast, is the process of merging individual mineral or leasehold rights in a shared resource, such as a reservoir or field, into one unified enterprise to increase output and decrease costs. Unitization, unlike pooling, is done to save resources and often encompasses a greater region.

Unitization is the agreement to jointly operate an entire producing reservoir or a prospectively productive area of oil and/or gas. The entire unit area is operated as a single entity, without regard to lease boundaries, and allows for the maximum recovery of production from the reservoir.

The goal of unitisation is to ensure that different block owners sharing a common accumulation develop the field as a single unit. Licence holders sharing a common field will enter into a unitisation agreement, which will firstly establish the percentage interests in the unit.

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How to fill out Gas Storage And Secondary Recovery Unit Agreement? When it comes to drafting a legal document, it's easier to delegate it to the experts. Jan 1, 2023 — boundaries of an oil and gas lease, unit, or underground gas storage field. Spills from flowlines beyond the lease, unit, or gas storage field ...A complete copy of the Administrative Rules and Statutes can be found at the IDNR OOGRM website listed in item 1 above. application. The Illinois Department of ... The owner of the gas storage field shall cover the costs of the annual inspection. ... a secondary recovery unit as now or hereafter established. (b) Drilling ... the area covered by the unit agreement con- tains only such part of the- field ... and gas or for secondary recovery projects, or wells for the disposal of ... Legacy Energy Forms Include: Lease Agreements; Assignments; Division Orders; Title Curatives; Joint Operating Agreements JOAs; Right of Way and Easement ... The collection of forms contains different types of unit agreements, including a gas storage and secondary recovery unit agreement. POOLING AND UNITIZATION ... by BM Murphy · 1952 · Cited by 8 — Oct. 1951), authorizes agreements for unit or cooperative devel- opment when approved by the Illinois Department of Mines and Minerals. IND. STAT. by WF Burke · 1960 · Cited by 14 — a 585-acre storage unit was formed. Since this field had been completely ... a secondary recovery project designed for that purpose alone obviously is ... by TF Lawry · 1974 · Cited by 4 — ... the secondary recovery methods of waterflooding, air-gas repressuring, or use of vacuum. This paper is a review of all known tertiary paper is a ...

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Illinois Gas Storage and Secondary Recovery Unit Agreement