South Carolina Natural Gas Storage Lease

State:
Multi-State
Control #:
US-OG-1049
Format:
Word; 
Rich Text
Instant download

Description

This form is a natural gas storage lease.
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FAQ

Depleted natural gas or oil fields function as gas storage reservoirs in California. Natural gas is injected into the storage reservoirs through gas storage wells and stored until withdrawn for use. There are 12 underground natural gas storage fields in the state.

In short, methane is not stored in household tanks because the symmetry of its molecule makes it hard to liquify. You could in principle store methane in a tank in the gas state, but methane has such low density in the gas state that you could not store a usable amount.

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

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.

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.

How is Natural Gas Stored? Natural gas is stored underground primarily in three reservoir types: depleted oil and natural gas fields, salt formations and depleted aquifers. Natural gas may also be stored above ground in refrigerated tanks as liquefied natural gas (LNG).

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South Carolina Natural Gas Storage Lease