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.
Florida Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that outlines the specific terms and conditions for gas balancing agreements in the state of Florida. This agreement is typically used in the energy industry, especially in relation to natural gas production, transportation, and distribution. The purpose of Florida Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is to establish an equitable arrangement for the balancing of natural gas between the parties involved in a gas transportation system. It ensures that each party's gas inventory remains in balance and enables the smooth operation and delivery of gas to consumers. This agreement specifies the obligations, rights, and responsibilities of the parties involved, including gas producers, pipeline operators, and consumers. It outlines the procedures for daily gas balancing activities, including nominations, scheduling, allocations, and accounting. Keywords: Florida, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 2, gas balancing, natural gas production, transportation, distribution, energy industry, gas transportation system, gas inventory, obligations, rights, responsibilities, gas producers, pipeline operators, consumers, nominations, scheduling, allocations, accounting. Different types of Florida Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may include variations based on specific parties involved, geolocation, or other factors. For example: 1. Florida Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Gas Production Company A: This specific agreement would be tailored to the gas production company's requirements, obligations, and rights. 2. Florida Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Gas Pipeline Operator XYZ: This agreement would address the responsibilities and procedures specific to gas transportation through the pipeline operated by XYZ. 3. Florida Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Gas Consumer C: This agreement would outline the rights and obligations of a gas consumer, such as a power plant, in balancing gas inventory and ensuring uninterrupted supply. In conclusion, Florida Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legally binding document that establishes the terms and conditions for gas balancing in the state of Florida. It ensures efficient gas transportation and delivery while addressing the rights and responsibilities of gas producers, pipeline operators, and consumers.
