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.
Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a critical documentation component when it comes to gas balancing agreements in the state of Connecticut. This exhibit plays a pivotal role in outlining the terms and conditions related to gas balancing operations, ensuring fair and efficient distribution of gas resources. Keywords: Connecticut, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 3. In the context of gas balancing agreements in Connecticut, the following are different types of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3: 1. Connecticut Exhibit — - Standard Gas Balancing Agreement: This variant of Exhibit E outlines the general terms and conditions applicable to gas balancing operations in Connecticut. It includes provisions related to gas measurement, gas balancing methodologies, and procedures for resolving imbalances. This form ensures transparency and equitable distribution of gas resources among the parties involved. 2. Connecticut Exhibit E — Contract-specific Gas Balancing Agreement: In certain cases, gas balancing agreements in Connecticut may require customization to suit the specific needs and requirements of the parties involved. This form of Exhibit E allows for modifications and additions to the standard gas balancing agreement, ensuring flexibility and compatibility with unique contract terms. It covers specialized gas balancing provisions that are not covered in the standard form. 3. Connecticut Exhibit E — Emergency Gas Balancing Agreement: In situations where unexpected circumstances, such as equipment failure or extreme weather events, result in imbalances that surpass normal thresholds, an emergency gas balancing agreement may be necessary. This form of Exhibit E addresses the urgent need for gas balancing during such emergencies, allowing for expedited decision-making, temporary adjustments in gas allocations, and cooperative solutions to restore balance swiftly. 4. Connecticut Exhibit E — Annual Gas Balancing Agreement: Certain gas suppliers and consumers may enter into long-term agreements involving annual gas balancing practices. This form of Exhibit E serves to establish the terms and conditions for gas balancing operations over a one-year period, providing a comprehensive framework for allocating gas resources, addressing seasonal variations, and maintaining equilibrium in supplies throughout the year. These different types of Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 ensure that gas balancing operations in the state are managed effectively, promoting fairness, reliability, and sustainability in resource distribution.Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a critical documentation component when it comes to gas balancing agreements in the state of Connecticut. This exhibit plays a pivotal role in outlining the terms and conditions related to gas balancing operations, ensuring fair and efficient distribution of gas resources. Keywords: Connecticut, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 3. In the context of gas balancing agreements in Connecticut, the following are different types of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3: 1. Connecticut Exhibit — - Standard Gas Balancing Agreement: This variant of Exhibit E outlines the general terms and conditions applicable to gas balancing operations in Connecticut. It includes provisions related to gas measurement, gas balancing methodologies, and procedures for resolving imbalances. This form ensures transparency and equitable distribution of gas resources among the parties involved. 2. Connecticut Exhibit E — Contract-specific Gas Balancing Agreement: In certain cases, gas balancing agreements in Connecticut may require customization to suit the specific needs and requirements of the parties involved. This form of Exhibit E allows for modifications and additions to the standard gas balancing agreement, ensuring flexibility and compatibility with unique contract terms. It covers specialized gas balancing provisions that are not covered in the standard form. 3. Connecticut Exhibit E — Emergency Gas Balancing Agreement: In situations where unexpected circumstances, such as equipment failure or extreme weather events, result in imbalances that surpass normal thresholds, an emergency gas balancing agreement may be necessary. This form of Exhibit E addresses the urgent need for gas balancing during such emergencies, allowing for expedited decision-making, temporary adjustments in gas allocations, and cooperative solutions to restore balance swiftly. 4. Connecticut Exhibit E — Annual Gas Balancing Agreement: Certain gas suppliers and consumers may enter into long-term agreements involving annual gas balancing practices. This form of Exhibit E serves to establish the terms and conditions for gas balancing operations over a one-year period, providing a comprehensive framework for allocating gas resources, addressing seasonal variations, and maintaining equilibrium in supplies throughout the year. These different types of Connecticut Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 ensure that gas balancing operations in the state are managed effectively, promoting fairness, reliability, and sustainability in resource distribution.
