Nevada Over-Production and Under-Production of Gas

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Multi-State
Control #:
US-OG-502
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Word; 
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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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Data Consumption & ExpendituresSummaryNevadaPeriodTotal Consumption762 trillion Btu2021Total Consumption per Capita242 million Btu2021Total Expenditures$ 11,276 million202131 more rows

Data Consumption & ExpendituresSummaryNevadaU.S. RankTotal Consumption762 trillion Btu36Total Consumption per Capita242 million Btu38Total Expenditures$ 11,276 million3431 more rows

Nevada has no significant natural gas reserves and only a minimal amount of natural gas production. Almost all of the state's natural gas is produced from oil wells, and all of that natural gas is used to operate equipment in the fields where it is produced.

The State of Nevada has abundant solar, wind, and biomass energy sources, but has a greater potential for geothermal energy production of any other state.

In 2022, Nevada ranked sixth in the nation in total electricity generation from utility- and small-scale solar resources combined. Solar energy provided 23% of Nevada's total generation, and renewable energy from all sources supplied 37% of the state's total generation.

The lines carry gasoline, jet fuel, and diesel fuel from Los Angeles, California refineries as far as Nellis Air Force Base south of North Las Vegas, Nevada. It carries approximately 128,000 barrels per day (20,400 m3/d).

Power is drawn from the national electrical grid. More than 6,000 power generation plants supply electricity and are powered by: Coal. Natural Gas.

ENERGY PRODUCTION IN NEVADA Currently, more than two-thirds of the state's electricity is produced by natural gas fired power plants, and renewables (defined in NRS 704.7811 as biomass, geothermal, solar, wind and waterpower) comprise most of the remaining generation.

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Nevada Over-Production and Under-Production of Gas