Underground Gas Storage
- Subscribe to Leasing Information from the Michigan DNR
- Part 5, Section 502, Act 451, Public Acts of 1994, as amended, authorizes the Michigan Department of Natural Resources to enter into contracts for the Underground Gas Storage Leasing Program.
- include a seven-year primary term and a rental rate commencing at $7.50 per acre per year for the first five years. This amount will be adjusted on each fifth-year anniversary date of the lease. There are 38,946 acres under 91 State UGS Leases. (March 2011) Sixteen leases totaling 18,446 acres do not have an annual rental, as all monies were paid in advance for the longer-term leases.