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.
California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that pertains to gas balancing agreements in the state of California. It specifically outlines the terms and conditions regarding the balancing of gas supply and demand for a particular operating agreement. This agreement is crucial in regulating and ensuring the smooth operation of gas-related activities in California. Its purpose is to maintain a balance between the production and consumption of natural gas, which is vital for various industries and residential use. Keywords related to this topic can include: 1. California Exhibit E: Refers to the specific exhibit within the operating agreement that focuses on gas balancing. 2. Operating Agreement: The primary contract that governs the relationship between parties involved in gas-related activities. 3. Gas Balancing Agreement: An agreement that outlines the responsibilities, procedures, and legal obligations for maintaining gas balance. 4. Gas Supply: The amount of natural gas available for consumption or usage. 5. Gas Demand: The quantity of natural gas required by consumers or industries for various purposes. 6. Legal Terms: Specific legal jargon associated with gas balancing agreements, such as indemnification, breach of contract, force majeure, and arbitration. 7. Regulatory Compliance: Measures and rules set by relevant authorities to ensure adherence to environmental, safety, and industry standards. 8. Production and Consumption: The respective processes of extracting and using natural gas. Types of California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may differ based on the specific parties involved, the nature of the gas-related activities, and individual contractual requirements. Different versions or variations may exist depending on factors such as gas reservoir locations, stakeholder agreements, or compliance with industry standards. It is important to consult legal professionals or refer to specific forms and agreements provided by authorized entities to ensure compliance and accuracy.California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that pertains to gas balancing agreements in the state of California. It specifically outlines the terms and conditions regarding the balancing of gas supply and demand for a particular operating agreement. This agreement is crucial in regulating and ensuring the smooth operation of gas-related activities in California. Its purpose is to maintain a balance between the production and consumption of natural gas, which is vital for various industries and residential use. Keywords related to this topic can include: 1. California Exhibit E: Refers to the specific exhibit within the operating agreement that focuses on gas balancing. 2. Operating Agreement: The primary contract that governs the relationship between parties involved in gas-related activities. 3. Gas Balancing Agreement: An agreement that outlines the responsibilities, procedures, and legal obligations for maintaining gas balance. 4. Gas Supply: The amount of natural gas available for consumption or usage. 5. Gas Demand: The quantity of natural gas required by consumers or industries for various purposes. 6. Legal Terms: Specific legal jargon associated with gas balancing agreements, such as indemnification, breach of contract, force majeure, and arbitration. 7. Regulatory Compliance: Measures and rules set by relevant authorities to ensure adherence to environmental, safety, and industry standards. 8. Production and Consumption: The respective processes of extracting and using natural gas. Types of California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may differ based on the specific parties involved, the nature of the gas-related activities, and individual contractual requirements. Different versions or variations may exist depending on factors such as gas reservoir locations, stakeholder agreements, or compliance with industry standards. It is important to consult legal professionals or refer to specific forms and agreements provided by authorized entities to ensure compliance and accuracy.
