Massachusetts 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

Massachusetts has no crude oil production, reserves, or refineries. The Port of Boston, one of the nation's oldest seaports, has storage terminals that supply most of the petroleum products used in Massachusetts.

The electrical energy generation mix in 2022 was 74.1% natural gas, 9.5% solar, 4.6% biomass, 3.5% petroleum, 2.9% hydroelectric, 1% wind, and 4.4% other. The state's last remaining nuclear power plant was retired in May 2019.

There is no oil or gas activity in Massachusetts due to limited crude oil and natural gas reserves.

State Electricity Generation Fuel Shares StateNuclear (%)Petroleum (%)Massachusetts0.00.4Michigan129.61.0Minnesota23.70.1Mississippi17.10.045 more rows

The state is gearing up to begin a pilot program in which 10 cities and towns will be authorized to require that new construction and major renovation projects within their borders eschew natural gas, oil and other fossil fuel energy in favor of cleaner electric options.

Massachusetts does not produce any of its own natural gas, instead importing it from the Caribbean and the Middle East or via pipeline from domestic sources and Canada.

Texas produces the most renewable energy of any state, but it also generates an outsized amount of electricity from fossil fuels.

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Massachusetts Over-Production and Under-Production of Gas