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NO. Michigan Department of Natural Resources Office of Minerals ManagementUNDERGROUND NATURAL GAS STORAGE LEASE By authority of Part 5, Section 502, Act 451 of 1994, as amended. This Lease, made and

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What is underground natural gas storage?

Underground natural gas storage refers to the practice of storing natural gas in geological formations underground, such as depleted oil and gas fields, aquifers, or salt caverns, to manage supply and demand fluctuations.

Who is required to file underground natural gas storage?

Entities that operate underground natural gas storage facilities, such as gas utilities or independent storage companies, are typically required to file documentation regarding their storage operations.

How to fill out underground natural gas storage?

Filing for underground natural gas storage usually involves completing standardized forms provided by regulatory agencies, detailing operational data, storage capacity, and environmental compliance, and submitting them electronically or via mail.

What is the purpose of underground natural gas storage?

The purpose of underground natural gas storage is to ensure reliable supply and pricing of natural gas by allowing for the temporary storage of gas during periods of low demand for use during peak demand periods.

What information must be reported on underground natural gas storage?

Reporting typically includes details on the amount of gas stored, injection and withdrawal rates, capacity of the facility, operational status, and compliance with safety and environmental regulations.

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