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.
Kansas Gas Storage and Secondary Recovery Unit Agreement is a legally binding contract that governs the terms and conditions between parties involved in gas storage and secondary recovery activities in the state of Kansas. This agreement outlines the rights, responsibilities, and obligations of the parties involved, ensuring a smooth and efficient operation of gas storage and secondary recovery units. Keywords: Kansas Gas Storage, Secondary Recovery Unit, agreement, contract, gas storage, secondary recovery activities, rights, responsibilities, obligations, smooth operation, efficient. There are different types of Kansas Gas Storage and Secondary Recovery Unit Agreements, which may include: 1. Kansas Underground Gas Storage Agreement: This type of agreement specifically focuses on underground gas storage operations within the state. It establishes the terms of access, usage, and maintenance of underground storage facilities, ensuring a secure and sustainable gas storage network. 2. Kansas Secondary Recovery Agreement: This agreement primarily deals with secondary recovery activities, which involve the extraction of additional hydrocarbons from a reservoir after primary recovery methods have been exhausted. It outlines the procedures, obligations, and potential royalties associated with secondary recovery projects. 3. Kansas Gas Storage Services Agreement: This type of agreement focuses on the provision of gas storage services by a facility operator to customers. It covers aspects such as gas injection and withdrawal rates, payment terms, quality specifications, and liability provisions, ensuring a mutually beneficial partnership between the storage facility and its customers. 4. Kansas Gas Storage Royalty Agreement: This agreement primarily addresses the distribution and calculation of royalties earned from gas storage and secondary recovery operations. It defines the royalty structure, payment terms, and accounting procedures, ensuring a fair and transparent distribution of income among the parties involved. 5. Kansas Gas Storage Unit Operating Agreement: This type of agreement outlines the operational procedures, safety protocols, and emergency response strategies for gas storage units within the state. It encompasses aspects such as facility maintenance, environmental considerations, and reporting requirements, ensuring the safe and compliant operation of storage units. In summary, the Kansas Gas Storage and Secondary Recovery Unit Agreement is a broad term that encompasses various types of agreements relating to gas storage and secondary recovery activities in Kansas. These agreements define the rights, responsibilities, and operational procedures, ensuring the smooth and efficient functioning of gas storage and secondary recovery operations.
