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.
West Virginia Use of Produced Oil Or Gas by Lessor
Category:
State:
Multi-State
Control #:
US-OG-839
Format:
Word;
Rich Text
Instant download
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FAQ
Gasoline is the most-consumed petroleum product in the United States. In 2022, consumption of finished motor gasoline averaged about 8.78 million b/d (369 million gallons per day), which was about 43% of total U.S. petroleum consumption.
The refined products are used in a variety of applications, including compounding motor oils, gear oils, greases, pharmaceutical and agricultural spray oils, food-grade applications, and high-temperature rubber applications.
How does West Virginia rank in the nation for oil and gas production? West Virginia currently ranks #9 in the nation based on barrels of oil equivalent (BOE) production. How many wells were drilled in West Virginia so far this year? West Virginia has had 114,642 wells drilled this year.
The West Virginia Geological and Economic Survey provides an interactive map of over 144,000 oil and gas wells in West Virginia.
West Virginia has 31 underground natural gas storage fields with a combined storage capacity of about 531 billion cubic feet of natural gas. That is almost 6% of the nation's total underground natural gas storage capacity.
The major uses for petroleum products are gasoline, diesel fuel, fuel oil (often used for heating homes), propane, aviation fuel, petrochemical feedstocks, kerosene, lubricants, waxes, and asphalt.
About 45 percent of a typical barrel of crude oil is refined into gasoline. An additional 29 percent is refined to diesel fuel. The remaining oil is used to make plastics and other products (see image Products made from a barrel of crude oil, 2016).
West Virginia is one of several states that is home to the Marcellus Shale (also known as The Marcellus Formation). The Marcellus Shale is a geologic formation of sedimentary (shale) rock that contains natural gas, and is one of the largest onshore natural gas fields in North America..
