This operating agreement exhibit is used in the event any party is not able to take its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which is unable at any time while the Operating Agreement is in effect to take the share of gas attributable to the interest of the party.
Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legally binding document that outlines the terms and conditions for gas balancing activities within the state of Colorado. This agreement is specifically designed to address the gas balancing requirements for operating agreements related to oil and gas exploration and production activities in Colorado. The purpose of Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish a framework for the measurement, balancing, and settlement of gas quantities among parties involved in petroleum operations. It ensures that gas production and transportation activities are accurately measured and balanced, allowing for fair and equitable distribution of gas between parties. The different types of Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may include variations based on specific conditions or arrangements between the parties involved. These variations could include adjustments for gas quality, measurement protocols, and settlement mechanisms. Keywords associated with this agreement may include: — Colorado gas balancinagreementen— - Operating agreement gas balancing — Exhibit E to OperatinAgreementen— - Gas balancing agreement Form 1 — Petroleum operationcoloredad— - Gas measurement and balancing — Gas production antransportationio— - Gas quantity settlement — Gas quality adjustment— - Measurement protocols and standards — Fair and equitable distribution Overall, Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document that ensures the accurate measurement and distribution of gas quantities among parties involved in petroleum operations in Colorado. It provides a legal framework for gas balancing activities and helps maintain a fair and balanced approach in the exploration and production of oil and gas resources within the state.
