This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a document that is commonly used in the energy industry to regulate gas balancing agreements in the state of Arizona. This agreement is vital for ensuring the smooth operation of gas pipelines and managing the gas supply within the region. The purpose of the Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is to establish the terms and conditions for gas balancing between the parties involved in the agreement. It outlines the responsibilities of both the gas supplier and the gas transporter, ensuring that the gas supply remains consistent and reliable. There may be different types of Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, depending on the specific requirements and circumstances of the gas supply network. These different types could include variations in terms of gas delivery schedules, volume adjustments, penalties for imbalances, and dispute resolution mechanisms. The key keywords relevant to the Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 are: 1. Gas Balancing: This refers to the process of managing the gas supply to ensure that the gas transported through the pipelines matches the gas consumption by the end-users. 2. Operating Agreement: This refers to the contractual agreement between the gas supplier and the transporter, establishing the rules and responsibilities for operating the gas system efficiently. 3. Exhibit E: This refers to a specific section or attachment within the operating agreement that deals with gas balancing. 4. Gas Balancing Agreement: This refers to the specific agreement related to gas balancing within the operating agreement. 5. Form 2: This refers to the standard form or template used for creating the gas balancing agreement. There may be different versions of Form 2 based on updates or revisions. 6. Gas Supplier: This refers to the party responsible for supplying the gas to the gas transport network. 7. Gas Transporter: This refers to the party responsible for transporting the gas through the pipelines to the end-users. 8. Gas Delivery Schedules: This refers to the agreed-upon timings and quantities of gas to be delivered by the gas supplier to the gas transporter. 9. Volume Adjustments: This refers to the necessary changes or modifications to the gas supply volumes to match the demand or eliminate imbalances within the system. 10. Dispute Resolution: This refers to the procedures and mechanisms in place to resolve conflicts or disagreements that may arise in relation to gas balancing. In conclusion, the Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a crucial document that helps regulate gas supply networks in Arizona. It addresses the responsibilities and obligations of the gas supplier and transporter, ensuring an efficient and reliable gas delivery system. Various types of this agreement may exist, tailored to specific requirements and circumstances within the gas industry.
