• Underground Gas Storage Leasing
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. The following forms and documents provide information regarding underground gas storage leasing requirements:

• Assignment Of Underground Gas Storage Lease No (PR 4352) 

• Gas Storage Rental Remittance Form (PR 4229-2) 

• Release Of Underground Gas Storage Lease No (PR 4353) 

• Rules for Underground Gas Storage Leases on State Land 

• Underground Gas Storage Leasing Procedure on State-Owned Lands, Procedure 26.50-02 (formerly Procedure 5002.02)

• Underground Gas and Storage Lease Sample (PR 4350) 

• Terms of the State's lease for underground gas storage (UGS)
include a seven-year primary term and a rental rate commencing at $5.00 per acre per year for the first seven years.  This amount will be adjusted on each seventh-year anniversary date of the lease.  There are 26,690 acres under 74 State UGS Leases.  Sixteen leases totaling 18,446 acres do not have an annual rental, as all monies were paid in advance for the longer-term leases.