Washington Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal contract between a surface owner and a gas storage operator in the state of Washington. This agreement governs the rights and responsibilities associated with the storage of natural gas in underground reservoirs beneath the surface owner's property. In this type of lease agreement, the surface owner retains ownership of the land and has no right to utilize the surface for any activities related to gas storage. The agreement grants the gas storage operator exclusive rights to use the subsurface space for the purpose of storing and extracting natural gas. The lease typically includes detailed provisions for the duration of the agreement, payment terms, and other important considerations. Some relevant keywords related to this type of lease and agreement in Washington include: 1. Subsurface Gas Storage: Refers to the practice of storing natural gas in underground reservoirs, typically depleted oil or gas fields, salt caverns, or aquifer formations. 2. Underground Reservoir: A geological formation capable of storing significant quantities of natural gas underground for future use. 3. Lease Agreement: A legally binding contract outlining the rights and obligations of both parties related to the use of the surface and subsurface areas for gas storage. 4. Surface Owner: The individual or entity that holds the title to the land but has no right to utilize the subsurface for gas storage activities. 5. Gas Storage Operator: The company or entity responsible for the operation, maintenance, and management of the underground gas storage facilities. 6. Natural Gas Extraction: The process of withdrawing natural gas from the subsurface reservoirs for sale, transmission, or distribution. 7. Payment Terms: The agreed-upon terms and conditions specifying the payment structure, royalty rates, and any other financial obligations associated with the gas storage lease. 8. Duration of Lease: The length of time for which the lease agreement is valid, typically subject to renewal or termination clauses. 9. Regulatory Compliance: The compliance with federal, state, and local regulations governing the underground storage of natural gas, ensuring safety, environmental protection, and public welfare. It is important to note that there may be variations or specific types of Washington Subsurface Underground Gas Storage Lease and Agreement, each with its own unique provisions and considerations. For example, specific agreements may be tailored to different types of subsurface storage reservoirs, such as depleted oil and gas fields, salt formations, or aquifers. Furthermore, lease agreements may differ based on the negotiating power of the parties involved and specific legal requirements in different regions within the state of Washington.
Washington Subsurface Underground Gas Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted)
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The whole tank floats in a circular or annular water reservoir, held up by the roughly constant pressure of a varying volume of gas, the pressure determined by the weight of the structure, and the water providing the seal for the gas within the moving walls.
Smaller volumes of natural gas can be stored in tanks above ground. Williams operates one of the largest above ground storage facilities of its kind with enough capacity to store about two billion cubic feet of natural gas ? enough to meet the daily needs of approximately 20 million homes.
These underground pools of natural gas are actually pockets of decomposed organic matter like prehistoric plants or animals. Over time, the gas that comes from decomposing matter gets trapped by a resistant surface of non-porous rock in massive underground pools called plays.
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.
A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.
Natural gas?a colorless, odorless, gaseous hydrocarbon?may be stored in a number of different ways. 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.