The Louisiana Gas Storage Agreement and Lease is a legal contract between a landowner or lessor and a lessee operating in the oil and gas industry for the use and storage of natural gas resources on the surface and underground of the leased property. This agreement grants the lessee the right to explore, drill, extract, store, and transport natural gas on the designated property. The Louisiana Gas Storage Agreement and Lease is specific to the state of Louisiana, taking into consideration the unique laws, regulations, and geological characteristics of the region. It ensures that both parties understand their rights, responsibilities, and obligations in relation to natural gas storage operations. There are several types of Louisiana Gas Storage Agreements and Leases, each tailored to different circumstances: 1. Surface Lease: This type of agreement grants the lessee the right to use the surface of the property for gas storage activities. It includes provisions for access roads, drilling equipment, wellheads, storage facilities, and other surface structures related to gas storage operations. 2. Underground Lease: This agreement focuses primarily on granting the lessee the right to extract and store natural gas in underground reservoirs located beneath the property. It specifies the boundaries, depth, and capacity of the storage area, as well as the lessee's responsibilities for maintaining and monitoring the reservoirs for optimum gas storage conditions. 3. Joint Use Lease: Sometimes, a landowner may sign a joint use lease, which allows both the lessor and the lessee to use the surface and underground resources for different purposes. This type of agreement often involves a landowner using the surface for agricultural or residential purposes while granting the lessee access to the subsurface for gas storage activities. 4. Royalty Agreement: In addition to the basic lease agreement, a royalty agreement may be part of the Louisiana Gas Storage Agreement. This agreement stipulates the percentage of royalties the lessor will receive from the sale of the stored natural gas. The royalty amount is usually based on the market value and production volume of the gas extracted from the leased property. When drafting a Louisiana Gas Storage Agreement and Lease, it is essential to include key clauses such as the term of the lease, rental payment terms, access and surface rights, environmental regulations and remediation responsibilities, liability and insurance provisions, and dispute resolution mechanisms. These clauses ensure that both parties are protected and understand their respective rights and obligations during the gas storage operations. Overall, the Louisiana Gas Storage Agreement and Lease is a comprehensive legal document that regulates the use, storage, and exploration of natural gas resources on the leased property, safeguarding the interests of both the landowner and the gas storage operator.
Louisiana Gas Storage Agreement and Lease (Surface and Underground)
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Natural gas, like most other commodities, can be stored for an indefinite period of time. The exploration, production, and transportation of natural gas takes time, and the natural gas that reaches its destination is not always needed right away, so it is injected into underground storage facilities.
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.
The general process is to inject gas into the caverns using large compressors, then discharge the gas into the national grid. Due to the large pressure changes, significant temperature changes also occur and this adds a layer of complexity to the process.
Compression is needed to prepare the working and cushion gases for underground storage. After compression, H2 and NG are injected into the subsurface through injection wells. Two gases are injected into this system: working gas and cushion gas. The working gas is H2/NG.
A unit agreement entails a BLM-approved agreement to cooperate in all facets of oil and gas production, without regard to lease boundaries and ownership. All unit agreements are subject to Onshore Oil and Gas Operations regulations (43 CFR Part 3160).
It is most commonly held in inventory underground under pressure in three types of facilities. These underground facilities are depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations. Natural gas is also stored in liquid or gaseous form in above?ground tanks.