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.
Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that is used in the state of Connecticut to outline the gas balancing agreement related to the operating agreement of gas resources. This specific exhibit, known as Exhibit E, provides detailed terms and conditions for gas balancing within the operating agreement. The purpose of the Gas Balancing Agreement is to ensure that the gas supply and demand are properly managed and balanced between the parties involved in the gas operations. It establishes guidelines and procedures for gas balancing, including the allocation and measurement of gas quantities, penalties for imbalances, and dispute resolution mechanisms. Some important keywords that are relevant to Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 include: 1. Connecticut: This refers to the state where the gas operations are taking place and where the operating agreement is governed. It signifies that the gas balancing agreement is specifically applicable to gas operations within Connecticut. 2. Exhibit E: This indicates that the gas balancing agreement is one of the exhibits attached to the main operating agreement. It signifies the importance and specificity of the gas balancing terms within the overall agreement. 3. Operating Agreement: This refers to the main contract that governs the exploration, development, production, and operation of gas resources. It establishes the rights, responsibilities, and obligations of the parties involved. 4. Gas Balancing Agreement: This is a specific agreement within the operating agreement that focuses on managing the balance between gas supply and demand. It ensures that the gas operations are efficiently managed and imbalances are minimized. 5. Form 1: This denotes the specific form or template used for Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement. It serves as a standard format that outlines the necessary clauses and provisions required in the gas balancing agreement. Different types of Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist based on specific variations tailored to different gas operations or companies. However, the fundamental purpose and content of the agreement remain the same, focusing on gas balancing, allocation, measurement, penalties, and dispute resolution. Overall, Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document that ensures the proper management and balance of gas supply and demand within the gas operations in the state of Connecticut.Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that is used in the state of Connecticut to outline the gas balancing agreement related to the operating agreement of gas resources. This specific exhibit, known as Exhibit E, provides detailed terms and conditions for gas balancing within the operating agreement. The purpose of the Gas Balancing Agreement is to ensure that the gas supply and demand are properly managed and balanced between the parties involved in the gas operations. It establishes guidelines and procedures for gas balancing, including the allocation and measurement of gas quantities, penalties for imbalances, and dispute resolution mechanisms. Some important keywords that are relevant to Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 include: 1. Connecticut: This refers to the state where the gas operations are taking place and where the operating agreement is governed. It signifies that the gas balancing agreement is specifically applicable to gas operations within Connecticut. 2. Exhibit E: This indicates that the gas balancing agreement is one of the exhibits attached to the main operating agreement. It signifies the importance and specificity of the gas balancing terms within the overall agreement. 3. Operating Agreement: This refers to the main contract that governs the exploration, development, production, and operation of gas resources. It establishes the rights, responsibilities, and obligations of the parties involved. 4. Gas Balancing Agreement: This is a specific agreement within the operating agreement that focuses on managing the balance between gas supply and demand. It ensures that the gas operations are efficiently managed and imbalances are minimized. 5. Form 1: This denotes the specific form or template used for Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement. It serves as a standard format that outlines the necessary clauses and provisions required in the gas balancing agreement. Different types of Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist based on specific variations tailored to different gas operations or companies. However, the fundamental purpose and content of the agreement remain the same, focusing on gas balancing, allocation, measurement, penalties, and dispute resolution. Overall, Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document that ensures the proper management and balance of gas supply and demand within the gas operations in the state of Connecticut.
