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 Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the terms and conditions regarding gas balancing in North Dakota. This exhibit is an integral part of the Operating Agreement and is crucial for ensuring efficient and equitable gas operations in the state. The purpose of the North Dakota Exhibit E is to establish a mechanism for balancing gas production, transportation, and consumption to maintain consistent gas quality, pressure, and supply. It covers various aspects such as allocation methods, measurement procedures, and dispute resolution mechanisms. One type of North Dakota Exhibit E is the "Production Balancing Agreement," which focuses on balancing gas production among multiple parties operating within a specific area or field. This agreement ensures that each party's gas production is accurately measured, allocated, and accounted for. Another type is the "Transportation Balancing Agreement," which addresses the balancing of gas during transmission and transportation through pipelines or other infrastructure. This agreement involves determining the quantity and quality of gas flowing through the system, as well as resolving any imbalances that may occur. The "Consumption Balancing Agreement" is another variant of North Dakota Exhibit E. It pertains to balancing the gas demand and consumption among end-users, such as industrial facilities and residential consumers. This agreement outlines the procedures for measuring gas usage, settling imbalances, and ensuring fair distribution among the consumers. In summary, the North Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a significant component of gas operations in North Dakota. It ensures equitable allocation, measurement, and distribution of gas among producers, transporters, and consumers. Different types of this exhibit, such as Production Balancing, Transportation Balancing, and Consumption Balancing Agreements, address specific aspects of gas balancing within the state.North Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the terms and conditions regarding gas balancing in North Dakota. This exhibit is an integral part of the Operating Agreement and is crucial for ensuring efficient and equitable gas operations in the state. The purpose of the North Dakota Exhibit E is to establish a mechanism for balancing gas production, transportation, and consumption to maintain consistent gas quality, pressure, and supply. It covers various aspects such as allocation methods, measurement procedures, and dispute resolution mechanisms. One type of North Dakota Exhibit E is the "Production Balancing Agreement," which focuses on balancing gas production among multiple parties operating within a specific area or field. This agreement ensures that each party's gas production is accurately measured, allocated, and accounted for. Another type is the "Transportation Balancing Agreement," which addresses the balancing of gas during transmission and transportation through pipelines or other infrastructure. This agreement involves determining the quantity and quality of gas flowing through the system, as well as resolving any imbalances that may occur. The "Consumption Balancing Agreement" is another variant of North Dakota Exhibit E. It pertains to balancing the gas demand and consumption among end-users, such as industrial facilities and residential consumers. This agreement outlines the procedures for measuring gas usage, settling imbalances, and ensuring fair distribution among the consumers. In summary, the North Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a significant component of gas operations in North Dakota. It ensures equitable allocation, measurement, and distribution of gas among producers, transporters, and consumers. Different types of this exhibit, such as Production Balancing, Transportation Balancing, and Consumption Balancing Agreements, address specific aspects of gas balancing within the state.
