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.
Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions for gas balancing agreements in the state of Montana. This agreement is crucial in the oil and gas industry as it helps ensure the efficient and equitable distribution of gas resources among the parties involved. The Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 typically includes various provisions and clauses that regulate the measurement, allocation, and settlement of gas imbalances. It aims to promote transparency, fairness, and cooperation between the producers, transporters, and consumers of natural gas in Montana. Some key keywords relevant to Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may include: 1. Montana: This keyword signifies the geographical location and jurisdiction where the gas balancing agreement is applicable. Montana is known for its significant natural gas reserves and a thriving oil and gas industry. 2. Exhibit E: Referring to a specific exhibit or appendix of the Operating Agreement, Exhibit E highlights the gas balancing provisions that parties are bound to follow. It may contain detailed information about gas measurement, imbalance calculation methodologies, and settlement procedures. 3. Operating Agreement: The main agreement that sets out the contractual relationship between the parties involved in gas production, transportation, and consumption. It governs the overall operations and responsibilities, with Exhibit E specifically focusing on gas balancing. 4. Gas Balancing Agreement: This agreement is a subset of the operating agreement and defines the rules for gas balancing among the participants. It ensures that any discrepancies in gas measurements are addressed fairly and promptly to maintain the integrity of the gas supply chain. 5. Form 1: This may refer to a specific version or template of the Montana Exhibit E to Operating Agreement Gas Balancing Agreement. Different versions or variations of the form may exist; however, the core purpose and content remain similar. It's important to note that the specific types of Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may vary based on the parties involved, the nature of the gas operations, and regulatory requirements. However, regardless of the variations, the primary objective of any such agreement remains the same — ensuring a smooth, efficient, and fair gas supply chain in Montana.Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions for gas balancing agreements in the state of Montana. This agreement is crucial in the oil and gas industry as it helps ensure the efficient and equitable distribution of gas resources among the parties involved. The Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 typically includes various provisions and clauses that regulate the measurement, allocation, and settlement of gas imbalances. It aims to promote transparency, fairness, and cooperation between the producers, transporters, and consumers of natural gas in Montana. Some key keywords relevant to Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may include: 1. Montana: This keyword signifies the geographical location and jurisdiction where the gas balancing agreement is applicable. Montana is known for its significant natural gas reserves and a thriving oil and gas industry. 2. Exhibit E: Referring to a specific exhibit or appendix of the Operating Agreement, Exhibit E highlights the gas balancing provisions that parties are bound to follow. It may contain detailed information about gas measurement, imbalance calculation methodologies, and settlement procedures. 3. Operating Agreement: The main agreement that sets out the contractual relationship between the parties involved in gas production, transportation, and consumption. It governs the overall operations and responsibilities, with Exhibit E specifically focusing on gas balancing. 4. Gas Balancing Agreement: This agreement is a subset of the operating agreement and defines the rules for gas balancing among the participants. It ensures that any discrepancies in gas measurements are addressed fairly and promptly to maintain the integrity of the gas supply chain. 5. Form 1: This may refer to a specific version or template of the Montana Exhibit E to Operating Agreement Gas Balancing Agreement. Different versions or variations of the form may exist; however, the core purpose and content remain similar. It's important to note that the specific types of Montana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may vary based on the parties involved, the nature of the gas operations, and regulatory requirements. However, regardless of the variations, the primary objective of any such agreement remains the same — ensuring a smooth, efficient, and fair gas supply chain in Montana.
