This operating agreement exhibit states the intent of the Parties that each Party shall have the right to take in kind and separately dispose of its proportionate share of gas (including casinghead gas) produced from each formation in each well located on the acreage (the "Contract Area") covered by the Operating Agreement.
Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the terms and conditions for gas balancing in the state of Arizona. This agreement is crucial for natural gas companies operating in the region to ensure a fair and efficient distribution of gas resources. The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 serves as a guiding document for gas companies involved in the transportation, storage, and delivery of natural gas in Arizona. It is designed to maintain balance and harmony within the gas supply chain by defining the responsibilities and obligations of each party involved. This gas balancing agreement protects the rights of producers, transporters, and end-users by establishing a system for measuring, monitoring, and regulating gas flows. It ensures that all parties have access to accurate gas quantity data and establishes protocols for gas injection, withdrawal, and balancing. There are various types of Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, which include: 1. Balancing Agreement for Pipeline Operators: This type of agreement is specifically designed for companies involved in the operation and management of gas pipelines within Arizona. It outlines the procedures and protocols for balancing gas flows to maintain system integrity and prevent disruptions in supply. 2. Balancing Agreement for Storage Facility Operators: This agreement is intended for companies who own and operate natural gas storage facilities in Arizona. It defines the rights and responsibilities of the storage facility operator in balancing gas injections and withdrawals to ensure efficient storage capacity utilization. 3. Balancing Agreement for Gas Producers: This type of agreement is meant for gas producers in Arizona, as it outlines their obligations and rights in terms of gas balancing. It establishes procedures for accurately measuring gas production and ensuring compliance with the allocated gas quantities. 4. Balancing Agreement for End-Users: This agreement is applicable to companies or individuals who utilize natural gas in Arizona. It defines their access to gas supply and sets forth the procedures for accurate gas measurement, consumption, and billing. The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a critical legal document for the smooth operation of the natural gas industry in Arizona. It promotes fairness, transparency, and accountability by defining the roles and responsibilities of each party involved in the gas supply chain.Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the terms and conditions for gas balancing in the state of Arizona. This agreement is crucial for natural gas companies operating in the region to ensure a fair and efficient distribution of gas resources. The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 serves as a guiding document for gas companies involved in the transportation, storage, and delivery of natural gas in Arizona. It is designed to maintain balance and harmony within the gas supply chain by defining the responsibilities and obligations of each party involved. This gas balancing agreement protects the rights of producers, transporters, and end-users by establishing a system for measuring, monitoring, and regulating gas flows. It ensures that all parties have access to accurate gas quantity data and establishes protocols for gas injection, withdrawal, and balancing. There are various types of Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, which include: 1. Balancing Agreement for Pipeline Operators: This type of agreement is specifically designed for companies involved in the operation and management of gas pipelines within Arizona. It outlines the procedures and protocols for balancing gas flows to maintain system integrity and prevent disruptions in supply. 2. Balancing Agreement for Storage Facility Operators: This agreement is intended for companies who own and operate natural gas storage facilities in Arizona. It defines the rights and responsibilities of the storage facility operator in balancing gas injections and withdrawals to ensure efficient storage capacity utilization. 3. Balancing Agreement for Gas Producers: This type of agreement is meant for gas producers in Arizona, as it outlines their obligations and rights in terms of gas balancing. It establishes procedures for accurately measuring gas production and ensuring compliance with the allocated gas quantities. 4. Balancing Agreement for End-Users: This agreement is applicable to companies or individuals who utilize natural gas in Arizona. It defines their access to gas supply and sets forth the procedures for accurate gas measurement, consumption, and billing. The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a critical legal document for the smooth operation of the natural gas industry in Arizona. It promotes fairness, transparency, and accountability by defining the roles and responsibilities of each party involved in the gas supply chain.
