The North Dakota Gas Storage Service Agreement is a contractual agreement designed to regulate the storage of natural gas in North Dakota. This agreement outlines the terms and conditions under which gas storage services are provided to oil and gas companies operating in the state. The primary purpose of the North Dakota Gas Storage Service Agreement is to ensure the reliable and efficient functioning of gas storage facilities and infrastructure. It establishes the rights and obligations of both the gas storage service provider and the customer, covering various aspects of storage operations, including capacity, injections, withdrawals, and scheduling. Keywords: 1. North Dakota: Refers to the state in the United States where the gas storage service agreement is applicable. 2. Gas Storage: Pertains to the process of storing natural gas in underground facilities to maintain supply reliability and meet demand fluctuations. 3. Service Agreement: Represents a legally binding contract between parties involved in the provision and utilization of gas storage services. 4. Natural Gas: Relates to a fossil fuel primarily composed of methane, used for various purposes like heating, electricity generation, and industrial processes. 5. Oil and Gas Companies: Denotes corporations engaged in the exploration, production, refining, and marketing of oil and natural gas resources. Types of North Dakota Gas Storage Service Agreements: 1. Firm Storage Service Agreement: This agreement guarantees a certain amount of storage capacity exclusively to the customer, allowing uninterrupted access to their stored natural gas throughout the agreed-upon term. 2. Interruptible Storage Service Agreement: This type of agreement provides storage capacity on a non-guaranteed basis, meaning that the customer may face interruptions or curtailments in their gas storage service if the provider deems it necessary to fulfill the needs of firm customers during peak demand periods. 3. Hub Services Agreement: This agreement generally involves gas storage providers offering additional services such as gas balancing, wheeling, and park and loan options, enabling customers to optimize their gas storage operations and inventory management. In conclusion, the North Dakota Gas Storage Service Agreement is a key contractual framework for regulating the storage of natural gas in the state. It ensures the smooth functioning of gas storage facilities, while different types of agreements cater to varying customer needs and the level of service reliability required.
North Dakota Gas Storage Service Agreement
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How to fill out North Dakota Gas Storage Service Agreement?
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