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.
Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document used in the state of Georgia to regulate gas balancing activities between parties involved in operating agreements. This agreement specifically focuses on gas balancing, which is the process of equalizing gas quantities injected or withdrawn from specific fields or pipelines. The purpose of Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish a framework for managing gas imbalances and ensuring fair allocation of costs and quantities among the involved parties. It contains detailed provisions and guidelines for gas balancing procedures, calculations, and reporting requirements. The document outlines the rights, responsibilities, and obligations of each party involved in gas balancing activities, including the gas producer, the transporter, and any other relevant entities. It also covers the methodology for calculating gas imbalances, penalties for non-compliance, and dispute resolution mechanisms. There may be variations of Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, tailored to specific gas balancing scenarios or contractual arrangements. Some possible types/extensions of this agreement could include: 1. Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Pipeline Balancing: This variation would focus on gas balancing within a specific pipeline system, with provisions for measuring and reconciling imbalances between the connected producers and the transporter. 2. Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Field Balancing: This type of agreement would be specific to a particular gas field and outline the procedures for tracking and equalizing gas imbalances among the different operators within the field. 3. Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Interconnection Balancing: This agreement would be applicable when gas is exchanged between two or more interconnected facilities, such as compressor stations or storage facilities, and would establish the mechanisms for managing imbalances between the parties involved. Overall, Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 serves as a crucial legal instrument to ensure the efficient and fair management of gas imbalances within the state of Georgia.Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document used in the state of Georgia to regulate gas balancing activities between parties involved in operating agreements. This agreement specifically focuses on gas balancing, which is the process of equalizing gas quantities injected or withdrawn from specific fields or pipelines. The purpose of Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish a framework for managing gas imbalances and ensuring fair allocation of costs and quantities among the involved parties. It contains detailed provisions and guidelines for gas balancing procedures, calculations, and reporting requirements. The document outlines the rights, responsibilities, and obligations of each party involved in gas balancing activities, including the gas producer, the transporter, and any other relevant entities. It also covers the methodology for calculating gas imbalances, penalties for non-compliance, and dispute resolution mechanisms. There may be variations of Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, tailored to specific gas balancing scenarios or contractual arrangements. Some possible types/extensions of this agreement could include: 1. Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Pipeline Balancing: This variation would focus on gas balancing within a specific pipeline system, with provisions for measuring and reconciling imbalances between the connected producers and the transporter. 2. Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Field Balancing: This type of agreement would be specific to a particular gas field and outline the procedures for tracking and equalizing gas imbalances among the different operators within the field. 3. Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Interconnection Balancing: This agreement would be applicable when gas is exchanged between two or more interconnected facilities, such as compressor stations or storage facilities, and would establish the mechanisms for managing imbalances between the parties involved. Overall, Georgia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 serves as a crucial legal instrument to ensure the efficient and fair management of gas imbalances within the state of Georgia.
