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.
Maine Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a document that outlines the terms and conditions related to gas balancing in the state of Maine. This agreement is an essential component of gas operations and helps ensure a fair distribution and management of gas resources. The purpose of Maine Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish a framework for balancing gas supplies between parties involved in gas production, transportation, and distribution. It defines the responsibilities of each party and sets guidelines for gas balancing activities. Some key elements covered in this agreement may include gas measurement and monitoring procedures, allocation of gas supplies, gas balancing methodologies, dispute resolution mechanisms, penalties for non-compliance, and confidentiality provisions. It is important to note that there may be different types or variations of Maine Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, as it can be customized to suit the specific needs and requirements of different gas operators and stakeholders. These variations may include alterations to the gas balancing methodologies, reporting requirements, or the inclusion of additional provisions to address unique circumstances. The gas balancing agreement aims to ensure that gas supplies are effectively managed to avoid imbalances and maintain the integrity of the gas distribution system. It helps to minimize disruptions to gas operations, ensures fairness in allocating gas supplies, and reduces costs associated with over- or under-deliveries of gas. In conclusion, Maine Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document that outlines the rules and procedures related to gas balancing in Maine. It facilitates the efficient management of gas supplies and promotes a fair and equitable distribution among different stakeholders involved in the gas industry.
