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.
Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is an essential document that outlines the terms and conditions for gas balancing in Ohio. This agreement is specifically designed for gas companies operating in Ohio and provides a mechanism for balancing gas supplies and demands. Gas balancing is crucial in the natural gas industry to ensure a smooth and efficient flow of gas throughout the system. It helps maintain the integrity of the pipeline network, ensures a consistent supply of gas to customers, and minimizes any imbalances between gas production and consumption. Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 typically includes detailed provisions and clauses that outline the responsibilities and obligations of the parties involved. These may include gas producers, pipeline operators, and end users of natural gas. Keywords: 1. Ohio Exhibit E: This refers to the specific exhibit of the Gas Balancing Agreement that is applicable to Ohio. It highlights the importance of having state-specific agreements to comply with Ohio's regulations and requirements. 2. Operating Agreement: This refers to the overarching agreement that governs the operation and usage of the gas pipeline system. The Gas Balancing Agreement is a subset of the operating agreement and focuses specifically on gas balancing activities. 3. Gas Balancing: This refers to the process of ensuring that gas supply and demand are in balance within the pipeline system. It involves measuring, monitoring, and adjusting gas flow to minimize imbalances, prevent disruptions, and maintain system reliability. 4. Form 1: This indicates the specific form or template used for Ohio Exhibit E to Operating Agreement Gas Balancing Agreement. It may be a standardized document provided by regulatory authorities or industry associations. Different Types of Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: 1. Residential Gas Balancing Agreement: This type of gas balancing agreement is specifically tailored for residential customers. It focuses on ensuring a reliable gas supply for household needs and typically incorporates provisions for demand fluctuations and seasonal variations. 2. Industrial Gas Balancing Agreement: This type of agreement is aimed at industrial gas users such as manufacturing plants, power stations, and large commercial facilities. It may include specific provisions for managing the high gas demands of industrial processes and the associated pricing structures. 3. Transportation Gas Balancing Agreement: This type of agreement is relevant for gas transportation companies that operate pipelines and facilitate the movement of gas from production areas to distribution centers or end users. It may address gas balancing requirements at various stages of the transportation process. 4. Interconnect Gas Balancing Agreement: This agreement type is used when gas flows through interconnecting pipelines or networks across different operators or regions. It focuses on coordinating gas balancing efforts between multiple entities to ensure smooth gas flows and prevent imbalances. In summary, Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document for gas companies operating in Ohio. By implementing this agreement, parties can efficiently manage gas supply and demand, maintain system integrity, and ensure a reliable and consistent supply of natural gas.
