Virgin Islands Gas Storage Agreement and Lease (Surface and Underground)

State:
Multi-State
Control #:
US-OG-1012
Format:
Word; 
Rich Text
Instant download

Description

This is an agreement and lease for surface and underground gas storage.
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  • Preview Gas Storage Agreement and Lease (Surface and Underground)
  • Preview Gas Storage Agreement and Lease (Surface and Underground)
  • Preview Gas Storage Agreement and Lease (Surface and Underground)
  • Preview Gas Storage Agreement and Lease (Surface and Underground)

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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 Natural gas is injected into the storage reservoirs through gas storage wells and stored until withdrawn for use.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.

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.

The general process is to inject gas into the caverns using large compressors, then discharge the gas into the national grid. Due to the large pressure changes, significant temperature changes also occur and this adds a layer of complexity to the process.

Natural Gas Storage - Storage Fields The working gas requirement is generally about 50% of the total reservoir capacity. Gas is withdrawn in winter season and injected in summer. This type of storage facility can be used for long system supply or peak day.

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.

There are three principal types of underground storage facilities in operation in the United States today: salt caverns (caverns hollowed out in salt "bed" or "dome" formations), depleted fields (depleted reservoirs in oil and/or gas fields), and aquifer reservoirs (water-only reservoirs conditioned to hold natural gas ...

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Virgin Islands Gas Storage Agreement and Lease (Surface and Underground)