This operating agreement exhibit states the intent of the Parties that each Party shall have the right to take in kind and separately dispose of its proportionate share of gas (including casinghead gas) produced from each formation in each well located on the acreage (the "Contract Area") covered by the Operating Agreement.
North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legally binding document that outlines the specific terms and conditions surrounding gas balancing arrangements for operating agreements in North Carolina. This agreement is crucial for ensuring fair distribution and management of gas resources in the state, providing a framework for gas balancing operations among parties involved. The North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 encapsulates the essential provisions and clauses required in such agreements. It includes detailed information regarding gas balancing methodologies, allocation of gas reserves, measurement protocols, and reporting requirements. This form plays a vital role in mitigating disputes and maintaining smooth operations within the gas industry in North Carolina. Keywords: North Carolina, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 3, legally binding document, gas balancing arrangements, gas resources, fair distribution, management, gas balancing operations, parties involved, provisions, clauses, gas balancing methodologies, allocation of gas reserves, measurement protocols, reporting requirements, disputes, smooth operations, gas industry. Different types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may include variations based on specific agreement types, gas fields, or companies involved. Some potential variations might include: 1. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Onshore Gas Fields: This form specifically caters to gas balancing arrangements for onshore gas fields in North Carolina, considering unique aspects and challenges associated with these types of resources. 2. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Offshore Gas Fields: This form focuses on gas balancing operations and agreements related to offshore gas fields in North Carolina, addressing the particularities and regulatory requirements of offshore drilling and production. 3. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Multiple Stakeholders: This variant of the form is designed for gas balancing agreements involving multiple stakeholders, such as gas producers, pipeline operators, and distribution companies. It takes into account the complexities and coordination required when multiple entities are involved in gas balancing operations. 4. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Long-term Agreements: This specific form is tailored for gas balancing arrangements that span over extended periods, typically involving long-term contracts and commitments. It includes provisions for adjustments, reviews, and extensions of the agreement over time. These variations ensure that the North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 can be customized and adapted to different scenarios and requirements, providing a flexible framework for gas balancing operations in North Carolina.North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legally binding document that outlines the specific terms and conditions surrounding gas balancing arrangements for operating agreements in North Carolina. This agreement is crucial for ensuring fair distribution and management of gas resources in the state, providing a framework for gas balancing operations among parties involved. The North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 encapsulates the essential provisions and clauses required in such agreements. It includes detailed information regarding gas balancing methodologies, allocation of gas reserves, measurement protocols, and reporting requirements. This form plays a vital role in mitigating disputes and maintaining smooth operations within the gas industry in North Carolina. Keywords: North Carolina, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 3, legally binding document, gas balancing arrangements, gas resources, fair distribution, management, gas balancing operations, parties involved, provisions, clauses, gas balancing methodologies, allocation of gas reserves, measurement protocols, reporting requirements, disputes, smooth operations, gas industry. Different types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may include variations based on specific agreement types, gas fields, or companies involved. Some potential variations might include: 1. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Onshore Gas Fields: This form specifically caters to gas balancing arrangements for onshore gas fields in North Carolina, considering unique aspects and challenges associated with these types of resources. 2. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Offshore Gas Fields: This form focuses on gas balancing operations and agreements related to offshore gas fields in North Carolina, addressing the particularities and regulatory requirements of offshore drilling and production. 3. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Multiple Stakeholders: This variant of the form is designed for gas balancing agreements involving multiple stakeholders, such as gas producers, pipeline operators, and distribution companies. It takes into account the complexities and coordination required when multiple entities are involved in gas balancing operations. 4. North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 for Long-term Agreements: This specific form is tailored for gas balancing arrangements that span over extended periods, typically involving long-term contracts and commitments. It includes provisions for adjustments, reviews, and extensions of the agreement over time. These variations ensure that the North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 can be customized and adapted to different scenarios and requirements, providing a flexible framework for gas balancing operations in North Carolina.
