This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Virgin Islands Use of Produced Oil Or Gas by Lessor
Category:
State:
Multi-State
Control #:
US-OG-839
Format:
Word;
Rich Text
Instant download
Description
How to fill out Use Of Produced Oil Or Gas By Lessor?
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FAQ
The primary natural resources of these small islands are coastal and marine. Critical natural areas include: saltwater wetlands, mangroves, sea grass beds and coral reefs.
However, diesel fueled-generation increased at the end of 2022 after WAPA's propane supplier suspended fuel deliveries over a financial debt dispute with the utility. The USVI has some of the highest electricity rates in the world, in part because of petroleum fuel surcharges.
Most small Caribbean countries, particularly the Eastern Caribbean States, depend almost entirely on petroleum to supply their electricity needs - with oil and gas expenditures taking between seven to 20 percent of a country's GDP.
The USVI is an organized, unincorporated territory of the United States, meaning it follows U.S. laws but also has its own local government. It also means that not all of the U.S. Constitution applies to the people living there.
Puerto Rico has no proved reserves or production of fossil fuels. The Commonwealth has some renewable resources in the form of solar, wind, hydropower, and biomass, but relies primarily on imported fossil fuels to meet its energy needs. Puerto Rico consumes almost 70 times more energy than it produces.
Nearly all of the energy consumed in the USVI is provided by imported petroleum products. Distillate fuel oil and residual fuel account for about 70% of all petroleum products consumed in the USVI, where they are used for electricity generation and in the production of drinking water supplies.
It depends on the island and their initiatives. For instance, the US Virgin Islands and Puerto Rico, have aging power plants that utilize diesel fuel and natural gas. While Cuba, Curacao, Guadeloupe and Jamaica are investigating wind turbines. However, most islands heavily utilize fuel and natural gas.
