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A consequence of the above factors is that developing an aquifer storage facility is usually time consuming and expensive. Aquifers are generally the least desirable and most expensive type of natural gas storage facility. Total Deliverability from Natural Gas Storage by Type of Facility, 1998, 2005, 2008. [3]
Underground Natural Gas Storage facilities in lower 48 states [25] Consumption of natural gas in the US is strongly seasonal, higher in the winter than the summer by between 50% and 90%, depending on severity of the winter. To make larger volumes of gas available in the winter, companies have established underground gas storage facilities.
The site was first explored for gas production in 1958 with an 8,000-foot (2,400 m) deep well. The well turned out to be a dry hole and repurposed for gas storage. In 1964 the first gas was injected. [8]:
And in Europe, natural gas prices jumped to 2024 highs this past week after Ukrainian troops crossed into Russia and claimed the capture of a key gas transit hub.
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The Honor Rancho Oil Field (also Honor Rancho Natural Gas Storage Field, Honor Rancho Underground Storage Facility) is an approximately 600-acre oil field and natural gas storage facility in Los Angeles County, California, on the northern border of the Valencia neighborhood of Santa Clarita, near the junction of Interstate 5 and westbound California State Route 126.