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.
South Carolina 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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FAQ
South Carolina's four nuclear power plants supplied 54% of the state's total electricity net generation in 2021, and the state was the third-largest producer of nuclear power in the nation.
South Carolina law encourage(s) the development and use of indigenous, renewable energy resources. Renewable energy includes solar, wind, hydrogen, hydropower, bioenergy, and geothermal derived from renewable sources.
The South Carolina Energy Freedom Act requires utilities to submit IRPs at least every 3 years and provide annual updates (with some exceptions). Each utility's IRP must be published on its website and/or the website of the ORS - Energy Office.
Annual Energy Consumption Electric Power: 77.8 TWh (2% total U.S.) Coal: 12,200 MSTN (1% total U.S.) Natural Gas: 241 Bcf (1% total U.S.) Motor Gasoline: 56,000 Mbarrels (2% total U.S.) Distillate Fuel: 17,900 Mbarrels (1% total U.S.)
In 1992, the South Carolina General Assembly passed the South Carolina Energy Efficiency Act, which created the State Energy Office and called for the creation of a comprehensive state energy plan (?State Energy Plan? or ?Plan?). Section 48-52-210 of the South Carolina Code of Laws governs the State Energy Plan.
Petroleum. South Carolina has no crude oil reserves or production, and there are no petroleum refineries in the state.
The Energy Policy Act (EPA) addresses energy production in the United States, including: (1) energy efficiency; (2) renewable energy; (3) oil and gas; (4) coal; (5) Tribal energy; (6) nuclear matters and security; (7) vehicles and motor fuels, including ethanol; (8) hydrogen; (9) electricity; (10) energy tax incentives ...
The Inflation Reduction Act will benefit small businesses in South Carolina by providing tax credits for energy efficiency improvements in commercial buildings. Commercial building owners can receive a tax credit for up to $5 per square foot for making improvements that deliver lower utility bills.
