This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a contractual document that outlines the terms and conditions related to gas balancing activities in the state of Colorado. This agreement is typically used in the oil and gas industry to ensure the equitable distribution of gas resources among the parties involved. It is an essential component of the operating agreement, providing guidelines for gas balancing operations and addressing any potential disputes that may arise. There are several types of Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, each tailored to specific circumstances and requirements. Some of these variations may include: 1. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Independent Operators: This type of agreement is designed for independent oil and gas operators in Colorado who are involved in gas balancing activities. It outlines the responsibilities, rights, and obligations of the parties involved, ensuring fair distribution of gas resources. 2. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Joint Venture Partners: This variation of the agreement is applicable when multiple parties, such as joint venture partners, are involved in gas balancing. It addresses the specific rights and obligations of these partners, including the proportionate allocation of gas resources. 3. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Pipelines and Transporters: This type of agreement is relevant for companies engaged in gas transportation and pipeline operations in Colorado. It outlines the terms and conditions for gas balancing within the context of these activities, ensuring smooth operations and compliance with relevant regulations. 4. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Landowners: In situations where landowners have gas reserves on their property, this variation of the agreement comes into play. It defines the interaction between the landowner and the gas operators, addressing issues related to gas balancing, royalties, and compensation. Overall, the Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 acts as a comprehensive framework to facilitate gas balancing operations in Colorado. It ensures the efficient utilization of gas resources while maintaining fairness and transparency among the parties involved.Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a contractual document that outlines the terms and conditions related to gas balancing activities in the state of Colorado. This agreement is typically used in the oil and gas industry to ensure the equitable distribution of gas resources among the parties involved. It is an essential component of the operating agreement, providing guidelines for gas balancing operations and addressing any potential disputes that may arise. There are several types of Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, each tailored to specific circumstances and requirements. Some of these variations may include: 1. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Independent Operators: This type of agreement is designed for independent oil and gas operators in Colorado who are involved in gas balancing activities. It outlines the responsibilities, rights, and obligations of the parties involved, ensuring fair distribution of gas resources. 2. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Joint Venture Partners: This variation of the agreement is applicable when multiple parties, such as joint venture partners, are involved in gas balancing. It addresses the specific rights and obligations of these partners, including the proportionate allocation of gas resources. 3. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Pipelines and Transporters: This type of agreement is relevant for companies engaged in gas transportation and pipeline operations in Colorado. It outlines the terms and conditions for gas balancing within the context of these activities, ensuring smooth operations and compliance with relevant regulations. 4. Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Landowners: In situations where landowners have gas reserves on their property, this variation of the agreement comes into play. It defines the interaction between the landowner and the gas operators, addressing issues related to gas balancing, royalties, and compensation. Overall, the Colorado Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 acts as a comprehensive framework to facilitate gas balancing operations in Colorado. It ensures the efficient utilization of gas resources while maintaining fairness and transparency among the parties involved.
