Kansas Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5

State:
Multi-State
Control #:
US-OG-749
Format:
Word; 
Rich Text
Instant download

Description

This operating agreement exhibit is a gas balancing agreement that contains information about ownership and Disposable Production of Gas in kind.
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  • Preview Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5
  • Preview Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5
  • Preview Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5
  • Preview Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5
  • Preview Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5

How to fill out Exhibit E To Operating Agreement Gas Balancing Agreement - Form 5?

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FAQ

A joint operating agreement is a legal document that outlines the relationship between two or more businesses who jointly operate a business. When one company partners with another, they are typically signing this type of contract to ensure their business interests are protected.

The state of Kansas does not require an LLC Operating Agreement, but it may still be recommended for many LLCs. Without an Operating Agreement, disputes are governed by the default LLC operating rules outlined in Kansas law (KS Stat § 17-7662 through 17-76,155).

The Relationship Under a Joint Operating Agreement The standard Form 610 establishes a contractual basis for these multiple leasehold cotenants to operate the properties, jointly share costs and liabilities, and own equipment and production in proportion to their respective percentage of ownership and burdens.

The Joint Operating Agreement (JOA) in oil and gas industry is an underlying contractual framework of a Joint Venture (JV). The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons.

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Kansas Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5