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.
Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions related to gas balancing in Guam, a United States territory located in the western Pacific Ocean. It aims to ensure smooth and efficient operations in the gas industry within Guam. This agreement is typically a part of a more comprehensive operating agreement, specifically addressing the gas balancing aspect. It serves as an addendum to the main agreement, focusing on the important details related to gas balancing procedures, rights, and responsibilities of the involved parties. The gas balancing agreement outlined in Guam Exhibit E to Operating Agreement — Form 1 may vary depending on specific circumstances and needs. However, it generally covers the following key aspects: 1. Gas allocation and balancing: The agreement explains how the allocation of gas supply is determined and maintained among multiple parties or entities. It defines the methods and procedures for accurate measurement and balancing of gas quantities to ensure fair distribution and accountability. 2. Operational procedures: This section of the agreement outlines the processes, protocols, and systems that will be employed to manage gas balancing. It may include procedures for gas nomination, scheduling, allocations, imbalances, penalties, and adjustments. 3. Reporting and reconciliations: The agreement establishes the requirements for timely reporting of gas measurements, imbalances, and other relevant data. It also defines the frequency and format of reconciliations that need to be conducted to resolve any discrepancies or imbalances among the parties. 4. Dispute resolution: In case of disputes arising from gas balancing issues, a well-defined dispute resolution mechanism is included in the agreement. This may involve negotiations, mediation, arbitration, or other methods to reach a fair resolution that considers the rights and interests of all parties involved. It is important to note that the specific variations of Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist, depending on the nature of gas operations and the involved entities. These variations may be designed to cater to the unique needs of different gas providers, distributors, or gas-related projects in Guam. Overall, Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 provides a comprehensive framework for gas balancing operations, ensuring transparency, accuracy, and efficiency in the gas industry within Guam.Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions related to gas balancing in Guam, a United States territory located in the western Pacific Ocean. It aims to ensure smooth and efficient operations in the gas industry within Guam. This agreement is typically a part of a more comprehensive operating agreement, specifically addressing the gas balancing aspect. It serves as an addendum to the main agreement, focusing on the important details related to gas balancing procedures, rights, and responsibilities of the involved parties. The gas balancing agreement outlined in Guam Exhibit E to Operating Agreement — Form 1 may vary depending on specific circumstances and needs. However, it generally covers the following key aspects: 1. Gas allocation and balancing: The agreement explains how the allocation of gas supply is determined and maintained among multiple parties or entities. It defines the methods and procedures for accurate measurement and balancing of gas quantities to ensure fair distribution and accountability. 2. Operational procedures: This section of the agreement outlines the processes, protocols, and systems that will be employed to manage gas balancing. It may include procedures for gas nomination, scheduling, allocations, imbalances, penalties, and adjustments. 3. Reporting and reconciliations: The agreement establishes the requirements for timely reporting of gas measurements, imbalances, and other relevant data. It also defines the frequency and format of reconciliations that need to be conducted to resolve any discrepancies or imbalances among the parties. 4. Dispute resolution: In case of disputes arising from gas balancing issues, a well-defined dispute resolution mechanism is included in the agreement. This may involve negotiations, mediation, arbitration, or other methods to reach a fair resolution that considers the rights and interests of all parties involved. It is important to note that the specific variations of Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist, depending on the nature of gas operations and the involved entities. These variations may be designed to cater to the unique needs of different gas providers, distributors, or gas-related projects in Guam. Overall, Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 provides a comprehensive framework for gas balancing operations, ensuring transparency, accuracy, and efficiency in the gas industry within Guam.
