This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that plays a crucial role in the natural gas industry. This agreement outlines the terms and conditions between parties involved in gas balancing activities in the state of Arizona. Gas balancing refers to the process of adjusting gas supply and demand to ensure a stable and reliable flow of natural gas. This is particularly important in situations where gas production, transportation, and consumption do not match. The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 contains several key elements. First, it identifies the parties involved in the agreement, including the gas producers, transporters, and consumers. It also includes details regarding their roles and responsibilities in the gas balancing process. Furthermore, this agreement specifies the methods and procedures to be used for gas balancing. It may outline the measurement and monitoring techniques employed to track gas volumes, as well as the frequency and timing of gas balancing activities. The agreement may also address any penalties or incentives related to meeting gas balancing requirements. Different types of Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist based on the specific needs and circumstances of the parties involved. For example, there could be variations for different regions within Arizona or for different purposes such as residential, industrial, or commercial gas consumption. It is essential for parties involved in the natural gas industry, including gas producers, transporters, and consumers, to carefully review and understand the Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. This document ensures a fair and efficient gas balancing process, promoting energy security and reliability within the state of Arizona.The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that plays a crucial role in the natural gas industry. This agreement outlines the terms and conditions between parties involved in gas balancing activities in the state of Arizona. Gas balancing refers to the process of adjusting gas supply and demand to ensure a stable and reliable flow of natural gas. This is particularly important in situations where gas production, transportation, and consumption do not match. The Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 contains several key elements. First, it identifies the parties involved in the agreement, including the gas producers, transporters, and consumers. It also includes details regarding their roles and responsibilities in the gas balancing process. Furthermore, this agreement specifies the methods and procedures to be used for gas balancing. It may outline the measurement and monitoring techniques employed to track gas volumes, as well as the frequency and timing of gas balancing activities. The agreement may also address any penalties or incentives related to meeting gas balancing requirements. Different types of Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist based on the specific needs and circumstances of the parties involved. For example, there could be variations for different regions within Arizona or for different purposes such as residential, industrial, or commercial gas consumption. It is essential for parties involved in the natural gas industry, including gas producers, transporters, and consumers, to carefully review and understand the Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. This document ensures a fair and efficient gas balancing process, promoting energy security and reliability within the state of Arizona.
