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.
Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that serves as an attachment to the operating agreement between parties involved in the gas industry. It specifically focuses on the gas balancing aspect of the agreement. Gas balancing refers to the process of reconciling differences between the actual gas flow between parties and the agreed-upon allocations or volumes set forth in the operating agreement. This exhibit outlines the procedures, responsibilities, and calculations necessary to ensure that any imbalances are properly addressed and corrected. There may be different types of Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, depending on the specific terms and conditions agreed upon by the parties involved. Some possible variations of this exhibit could include: 1. Standard Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2: This is the most commonly used version that provides a comprehensive framework for gas balancing procedures. 2. Amended Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2: This refers to a modified version of the exhibit that incorporates additional terms, provisions, or adjustments to cater to the unique requirements of the parties involved. 3. Supplemental Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2: This version may be used when there is a need to address specific issues or circumstances that may arise during the gas balancing process. It serves as an additional attachment to the primary exhibit. Some relevant keywords to consider for this document may include: — Gas balancing procedure— - Operating agreement — Kentucky Exhibit — - Imbalance resolution — Allocation reconciliatio— - Gas flow reconciliation — Gas volume adjustment— - Gas industry regulations — Gas balancing calculation— - Kentucky gas balancing requirements — Gas allocation disputresolutionio— - Gas balancing provisions — Amendment to exhibit — - Supplemental gas balancing agreement form — Imbalance correction methodology Please note that the specifics of Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 can vary depending on the industry, parties involved, and legal requirements. It is crucial to consult with legal professionals and reference the official document for accurate and up-to-date information.
