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.
North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document used in the state of North Carolina to outline the terms and conditions for gas balancing in operating agreements. This agreement is vital for companies involved in the extraction, production, and distribution of natural gas in the region. The purpose of the North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish guidelines and procedures for maintaining the appropriate balance of gas quantities in the pipelines, ensuring smooth operations, and preventing the disruption of supply to consumers. This agreement serves as a reference point for gas companies and provides a framework for addressing any imbalances that may occur. Some relevant keywords related to this agreement include: 1. Operating Agreement: This refers to the contractual agreement between different parties involved in gas extraction and distribution, outlining their rights, obligations, and responsibilities. 2. Gas Balancing Agreement: This refers specifically to the agreement governing the balancing of gas quantities in pipelines to ensure that supply meets demand. 3. Exhibit E: In legal documents, exhibits are attachments, appendices, or schedules that provide additional details or specifications. Exhibit E is a specific section within the operating agreement that focuses on gas balancing. 4. Natural Gas: This refers to the fossil fuel composed primarily of methane that is extracted from underground reservoirs and used as a source of energy. 5. Pipeline: A system of pipes used to transport natural gas over long distances from extraction sites to distribution centers and end consumers. Types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may vary based on specific circumstances and the parties involved. For example, variations may include agreements tailored for different gas fields, pipeline networks, or individual companies operating in the region. These agreements may address specific balancing methodologies, reporting mechanisms, dispute resolution processes, and any unique factors or considerations associated with the gas industry in North Carolina. It is important to consult with legal professionals or experts in the field to understand the specific nuances and requirements of different types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1.North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document used in the state of North Carolina to outline the terms and conditions for gas balancing in operating agreements. This agreement is vital for companies involved in the extraction, production, and distribution of natural gas in the region. The purpose of the North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish guidelines and procedures for maintaining the appropriate balance of gas quantities in the pipelines, ensuring smooth operations, and preventing the disruption of supply to consumers. This agreement serves as a reference point for gas companies and provides a framework for addressing any imbalances that may occur. Some relevant keywords related to this agreement include: 1. Operating Agreement: This refers to the contractual agreement between different parties involved in gas extraction and distribution, outlining their rights, obligations, and responsibilities. 2. Gas Balancing Agreement: This refers specifically to the agreement governing the balancing of gas quantities in pipelines to ensure that supply meets demand. 3. Exhibit E: In legal documents, exhibits are attachments, appendices, or schedules that provide additional details or specifications. Exhibit E is a specific section within the operating agreement that focuses on gas balancing. 4. Natural Gas: This refers to the fossil fuel composed primarily of methane that is extracted from underground reservoirs and used as a source of energy. 5. Pipeline: A system of pipes used to transport natural gas over long distances from extraction sites to distribution centers and end consumers. Types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may vary based on specific circumstances and the parties involved. For example, variations may include agreements tailored for different gas fields, pipeline networks, or individual companies operating in the region. These agreements may address specific balancing methodologies, reporting mechanisms, dispute resolution processes, and any unique factors or considerations associated with the gas industry in North Carolina. It is important to consult with legal professionals or experts in the field to understand the specific nuances and requirements of different types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1.
