Michigan Natural Gas Inventory Forward Sale Contract

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Multi-State
Control #:
US-EG-9211
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Word; 
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Description

Natural Gas Inventory Forward Sale Contract between EEX Operating, LLC, E&P Company, LP and Bob West Treasure, LLC regarding the sale and purchase of natural gas dated December 17, 1999. 31 pages.
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FAQ

Natural gas is produced from onshore and offshore natural gas and oil wells and from coalbeds. In 2022, U.S. dry natural gas production was about 13% greater than total U.S. natural gas consumption.

Data Consumption & ExpendituresEnergy Source Used for Home Heating (share of households)MichiganPeriodNatural Gas74.8 %2021Fuel Oil0.9 %2021Electricity11.8 %202131 more rows

The top five dry natural gas-producing states in 2022, by amount and percentage share of total U.S. dry gas production, were: Texas?9.25 Tcf?25.4% Pennsylvania?7.41 Tcf?20.4% Louisiana?4.04 Tcf?11.1% West Virginia?2.69 Tcf?7.4% Oklahoma?2.51 Tcf?6.9%

Michigan Quick Facts Michigan has 44 natural gas storage fields with almost 1.1 trillion cubic feet of underground storage capacity, more than any other state and almost one-eighth of the nation's natural gas storage capacity.

Natural gas consumed in Michigan comes from gas and oil fields located primarily in Michigan's Lower Peninsula, the Texas-Oklahoma Panhandle, on and off-shore Louisiana, and Alberta, Canada. Gas producers use the knowledge gained in the United States over the past 150 years to explore for natural gas fields.

Hear this out loud PauseNatural gas is found in rock formations deep below the surface of the Earth. Petroleum, or oil, is often found in the same areas. Humans have been using natural gas for cooking for hundreds of years. The first industrial extraction of natural gas was in New York State in 1825.

Hear this out loud PauseCurrently, most of the demand for natural gas in the United States is met with domestic production and imports via pipeline from Canada. However, a small but growing percentage of gas supplies is imported and received as liquefied natural gas (LNG).

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Michigan Natural Gas Inventory Forward Sale Contract