This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that pertains to the gas balancing agreements in Ohio. This exhibit is an essential component of the operating agreement and outlines the terms and conditions of gas balancing activities between parties involved in gas production, transportation, and distribution. The Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 provides a comprehensive framework for managing gas imbalances by establishing rules, procedures, and protocols. It ensures fair distribution of gas and facilitates efficient coordination among the parties involved in the gas industry. Different types of Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may include: 1. Residential Gas Balancing Agreement — This type of exhibit specifically addresses gas balancing requirements for residential consumers. It focuses on meeting the gas demand and maintaining a steady supply of gas to residential areas. 2. Commercial Gas Balancing Agreement — This exhibit caters to the gas balancing needs of commercial entities such as businesses, industries, and institutions. It establishes guidelines for ensuring a consistent supply of gas to meet the demands of various commercial activities. 3. Industrial Gas Balancing Agreement — This type of exhibit is tailored for gas balancing in industrial settings. It addresses the unique gas requirements and fluctuations associated with industrial operations, ensuring uninterrupted supply and effective management of gas imbalances. 4. Municipal Gas Balancing Agreement — Municipalities often have their own gas balancing agreements to regulate the distribution of natural gas within their jurisdiction. This exhibit may include provisions for supplying gas to public buildings, schools, hospitals, and other municipal facilities. 5. Inter-Utility Gas Balancing Agreement — In cases where multiple utilities are involved in gas distribution, an inter-utility gas balancing agreement may be necessary. This exhibit outlines the responsibilities, obligations, and procedures for balancing gas supplies between different utilities. Regardless of the specific type, the Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 aims to establish a fair and efficient system for gas balancing, ensuring the reliable supply of natural gas to consumers, industries, and municipalities. It plays a crucial role in maintaining the stability of the gas market and fostering collaboration between stakeholders in the Ohio gas industry.
