The South Dakota Carbon Dioxide Storage and Secondary Recovery Unit Agreement is a legally binding contract between the state of South Dakota and relevant parties involved in the carbon dioxide storage and secondary recovery operations. This agreement aims to establish guidelines and regulations for the development, implementation, and monitoring of carbon dioxide storage and secondary recovery projects within the state. Keywords: 1. South Dakota: Refers to the state in the United States where the agreement is being enacted. 2. Carbon Dioxide (CO2): One of the main greenhouse gases responsible for global warming and climate change. 3. Storage: Refers to the process of capturing and securely storing carbon dioxide underground to reduce its release into the atmosphere. 4. Secondary Recovery: In the context of this agreement, it refers to the extraction of additional oil or natural gas from an existing reservoir by injecting carbon dioxide into it. 5. Unit Agreement: Indicates the legal understanding between the state of South Dakota and other parties involved, defining their roles and responsibilities. Different Types of South Dakota Carbon Dioxide Storage and Secondary Recovery Unit Agreements: 1. Exploration and Development Agreement: This type of agreement outlines the procedures and terms for exploring potential carbon dioxide storage sites and developing them further for secondary recovery operations. 2. Monitoring and Reporting Agreement: This agreement focuses on the monitoring methodologies, reporting requirements, and data collection processes related to the storage and recovery of carbon dioxide. It ensures compliance with regulatory standards and facilitates transparency. 3. Liability and Financial Assurance Agreement: A critical aspect of any carbon dioxide storage project, this agreement defines the financial responsibilities and liabilities of all parties involved in case of accidents, leaks, or other unforeseen events during carbon dioxide storage and recovery operations. 4. Long-Term Storage Agreement: This type of agreement addresses the long-term aspects of carbon dioxide storage, including monitoring, maintenance, and potential risks associated with underground storage sites. 5. Research and Development Agreement: This agreement aims to promote research and development of innovative technologies, practices, and strategies related to carbon dioxide storage and secondary recovery in South Dakota. Overall, the South Dakota Carbon Dioxide Storage and Secondary Recovery Unit Agreement serves as a comprehensive framework to ensure the safe and effective implementation of carbon capture, storage, and recovery projects, emphasizing environmental responsibility while maximizing the state's energy resources.