Understand the importance of natural gas storage as the unsung hero of the natural gas industry.
Without gas storage, there would be wild fluctuations in energy prices across the seasons, and natural gas production efforts in shale and traditional plays would be periodically shut-in without a place to store summer surplus. The topic will cover the history and nuances of natural gas storage concepts as compared to other sub-surface rights, and will discuss land rights acquisition planning, negotiations, title examinations, and storage rights valuation concepts. We will discuss the regulatory and legal evolution of natural gas storage from development of case law to the current date, including asset protection and concepts in eminent domain. Finally, this material will discuss the recently promulgated Interim Final Rule from the Pipeline and Hazardous Materials Administration's (PHMSA) natural gas storage regulations and Section 12 of the 'Protecting our Infrastructure of Pipelines and Enhancing Safety Act of 2016', and how companies should triage existing land rights to aid integrity management and reservoir engineers in compliance with respect thereto. The content will cover from the state to federal jurisdictions over natural gas storage, from geology to infrastructure and is intended to give you a firm foundation in knowledge and understanding of this sub-sub-specialty of the natural gas industry.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Understanding Natural Gas Storage
- History and Development
- Brief Geological Overview
- Federally Regulated vs. State Regulated Fields
- Key Terms Unique to Gas Storage
Land Acquisition and Due Diligence
- Gas Production Rights vs. Gas Storage Rights
- Mapping and Buffer Zones/Setbacks
- Due Diligence and Land Rights Acquisition
- Structuring the Offer, Negotiations, and Valuation
Asset Protection
- Land Rights Monitoring
- Encroachment Policies and Enforcement
- Drill-Through Agreements and "Frack"-Buffers
- Inter-Department Collaboration (Land - Integrity Management - Reservoir Engineers - Legal)
Regulatory Compliance
- Reports and Mapping to Regulatory Bodies (State and Federal)
- Critical Infrastructure Information Protections
- The Federal Energy Regulatory Commission (the FERC)
- State Specific Considerations
- PHMSA's 2016 Interim Final Rule
Legal Discussions
- Encroachment Protections
- The "Map Rule"
- Trespass or "Takings"
- Eminent Domain
- Valuation Legal Opinions
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 15, 2018.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Beth R. Minear, Esq.
Global Project Solutions Consultants, LLC
- Founder of Minear Law Offices, PLLC and Global Project Solutions Consultants, LLC, woman-owned businesses
- Service to the energy, utility, and critical infrastructure industries as trusted attorney and consultant for more than 20 years
- First chair trial attorney in state and federal courts of multiple states, utilizing emerging and novel evidence to educate juries, courts, and other triers of fact
- Areas of expertise are route selection and project siting, land acquisition planning, stakeholder engagement and outreach messaging, regulatory compliance, and encroachment remediation and asset protection of critical infrastructure protection
- Advises clients on eminent domain strategies in each state, regulatory matters including electronic discovery, FERC Order 1000 for the electric industry and PHMSA compliance for natural gas
- J.D. degree, Capital University Law School; studied at St. Anne’s College, University of Oxford
- Can be contacted at [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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