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.
California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document specified for the state of California. It serves as an addendum to the operating agreement gas balancing agreement, providing further details and guidelines regarding gas balancing agreements within the state. A gas balancing agreement is a contract that regulates the overall balance of natural gas quantities exchanged or transported between different parties. It ensures the fair distribution and accountability of gas supplies, thereby supporting efficient operations in the gas industry. California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is designed to address the unique regulations, requirements, and considerations specific to the gas industry in California. It outlines the specific terms and conditions for balancing gas supplies within the state, facilitating smooth operations and preventing any disruptions or imbalances in the gas market. Keywords: 1. California: This keyword emphasizes the geographical jurisdiction and applicability of the gas balancing agreement form. It indicates that the form is specifically tailored to meet the legal requirements and regulations within the state of California. 2. Exhibit E: This keyword highlights that the gas balancing agreement is presented as an exhibit within the larger operating agreement. It signifies that this particular form provides additional details and specifications related to gas balancing. 3. Operating Agreement: This keyword refers to the main contract or agreement between multiple parties involved in the gas industry. It underlines the interconnectedness of various agreements and establishes the context in which the gas balancing agreement operates. 4. Gas Balancing Agreement: This keyword is central to the purpose of the form. It signifies that the document regulates the balancing of gas quantities exchanged or transported among different parties, promoting fairness, and ensuring smooth operations in the gas market. Different types of California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may exist depending on the specific gas industry participants, contractual relationships, or regulatory variances within California. These variations could include agreements for different gas transportation networks, specific gas producers, or companies operating within distinct geographical regions of the state. It is important to consult the relevant version of the form that pertains to the specific gas operations in question, as they may contain tailored provisions suited to different scenarios within the gas industry.California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document specified for the state of California. It serves as an addendum to the operating agreement gas balancing agreement, providing further details and guidelines regarding gas balancing agreements within the state. A gas balancing agreement is a contract that regulates the overall balance of natural gas quantities exchanged or transported between different parties. It ensures the fair distribution and accountability of gas supplies, thereby supporting efficient operations in the gas industry. California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is designed to address the unique regulations, requirements, and considerations specific to the gas industry in California. It outlines the specific terms and conditions for balancing gas supplies within the state, facilitating smooth operations and preventing any disruptions or imbalances in the gas market. Keywords: 1. California: This keyword emphasizes the geographical jurisdiction and applicability of the gas balancing agreement form. It indicates that the form is specifically tailored to meet the legal requirements and regulations within the state of California. 2. Exhibit E: This keyword highlights that the gas balancing agreement is presented as an exhibit within the larger operating agreement. It signifies that this particular form provides additional details and specifications related to gas balancing. 3. Operating Agreement: This keyword refers to the main contract or agreement between multiple parties involved in the gas industry. It underlines the interconnectedness of various agreements and establishes the context in which the gas balancing agreement operates. 4. Gas Balancing Agreement: This keyword is central to the purpose of the form. It signifies that the document regulates the balancing of gas quantities exchanged or transported among different parties, promoting fairness, and ensuring smooth operations in the gas market. Different types of California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may exist depending on the specific gas industry participants, contractual relationships, or regulatory variances within California. These variations could include agreements for different gas transportation networks, specific gas producers, or companies operating within distinct geographical regions of the state. It is important to consult the relevant version of the form that pertains to the specific gas operations in question, as they may contain tailored provisions suited to different scenarios within the gas industry.
