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.
Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document in the energy industry that outlines the terms and conditions related to gas balancing in Nevada. This agreement is designed to ensure the efficient and equitable distribution and management of natural gas resources within the state. The main purpose of the Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish a framework for gas balancing activities among multiple gas producers and consumers within the state. It helps to maintain gas pressures and quantities at optimal levels in the distribution network, minimizing any potential disruptions or imbalances in the supply. Some key components covered in this agreement include gas allocation methodology, measurement and reporting requirements, penalties for non-compliance, dispute resolution mechanisms, and confidentiality clauses. These provisions help to create a fair and transparent process for all parties involved and promote effective gas resource management. Different types of Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist depending on the specific needs and characteristics of different gas fields or production facilities within Nevada. These variations might include: 1. Production Type: This type of Exhibit E may vary based on the kind of gas production, such as conventional or unconventional gas resources. The agreement's terms and conditions may differ accordingly, considering the unique requirements of each production type. 2. Geographic Location: Gas fields located in different regions of Nevada might require specific variations in the Exhibit E. Differences in infrastructure, transportation logistics, or geological characteristics can necessitate tailored agreements to address location-specific challenges. 3. Gas Pipeline Networks: Depending on the gas pipeline network utilized, there can be different versions of Exhibit E. For example, agreements involving interstate gas pipelines or intrastate networks may have specific guidelines to comply with federal or state regulations. It is important to note that the Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legally binding contract, and all parties involved must adhere to the terms and obligations outlined within it. By establishing clear guidelines for gas balancing operations, this agreement facilitates the smooth functioning of Nevada's gas industry, ensuring efficient and reliable supply to meet the energy needs of the state.Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document in the energy industry that outlines the terms and conditions related to gas balancing in Nevada. This agreement is designed to ensure the efficient and equitable distribution and management of natural gas resources within the state. The main purpose of the Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish a framework for gas balancing activities among multiple gas producers and consumers within the state. It helps to maintain gas pressures and quantities at optimal levels in the distribution network, minimizing any potential disruptions or imbalances in the supply. Some key components covered in this agreement include gas allocation methodology, measurement and reporting requirements, penalties for non-compliance, dispute resolution mechanisms, and confidentiality clauses. These provisions help to create a fair and transparent process for all parties involved and promote effective gas resource management. Different types of Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist depending on the specific needs and characteristics of different gas fields or production facilities within Nevada. These variations might include: 1. Production Type: This type of Exhibit E may vary based on the kind of gas production, such as conventional or unconventional gas resources. The agreement's terms and conditions may differ accordingly, considering the unique requirements of each production type. 2. Geographic Location: Gas fields located in different regions of Nevada might require specific variations in the Exhibit E. Differences in infrastructure, transportation logistics, or geological characteristics can necessitate tailored agreements to address location-specific challenges. 3. Gas Pipeline Networks: Depending on the gas pipeline network utilized, there can be different versions of Exhibit E. For example, agreements involving interstate gas pipelines or intrastate networks may have specific guidelines to comply with federal or state regulations. It is important to note that the Nevada Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legally binding contract, and all parties involved must adhere to the terms and obligations outlined within it. By establishing clear guidelines for gas balancing operations, this agreement facilitates the smooth functioning of Nevada's gas industry, ensuring efficient and reliable supply to meet the energy needs of the state.
