This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the terms and conditions of gas balancing agreements in the state of Oregon. This agreement is an essential component of gas operations and is designed to ensure the efficient and equitable distribution of gas supplies among the parties involved. The purpose of Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is to establish a framework for gas balancing activities, which are necessary to maintain reliable and consistent gas flow within the transmission system. This agreement is typically entered into by gas suppliers, pipeline operators, and other relevant stakeholders in order to manage gas imbalances and ensure the smooth functioning of the gas grid. The Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 covers various aspects of gas balancing, including measurement, allocation, and settlement procedures. It specifies the responsibilities and obligations of each party involved, such as the gas supplier's obligation to provide accurate metering data and the pipeline operator's duty to maintain appropriate inventory levels. Additionally, the agreement includes provisions for resolving gas imbalances, which can occur when the actual gas flows differ from the nominated quantities. It outlines the procedures for notifying and rectifying imbalances, including penalties or financial adjustments that may be imposed on parties responsible for excessive imbalances. There may be different types of Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4, which are tailored to specific circumstances or arrangements. These types may include variations for different gas sources, geographic locations, or specific contractual provisions between parties. The specific type and content of the agreement will depend on the parties involved and the unique circumstances of the gas balancing arrangement.Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the terms and conditions of gas balancing agreements in the state of Oregon. This agreement is an essential component of gas operations and is designed to ensure the efficient and equitable distribution of gas supplies among the parties involved. The purpose of Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is to establish a framework for gas balancing activities, which are necessary to maintain reliable and consistent gas flow within the transmission system. This agreement is typically entered into by gas suppliers, pipeline operators, and other relevant stakeholders in order to manage gas imbalances and ensure the smooth functioning of the gas grid. The Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 covers various aspects of gas balancing, including measurement, allocation, and settlement procedures. It specifies the responsibilities and obligations of each party involved, such as the gas supplier's obligation to provide accurate metering data and the pipeline operator's duty to maintain appropriate inventory levels. Additionally, the agreement includes provisions for resolving gas imbalances, which can occur when the actual gas flows differ from the nominated quantities. It outlines the procedures for notifying and rectifying imbalances, including penalties or financial adjustments that may be imposed on parties responsible for excessive imbalances. There may be different types of Oregon Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4, which are tailored to specific circumstances or arrangements. These types may include variations for different gas sources, geographic locations, or specific contractual provisions between parties. The specific type and content of the agreement will depend on the parties involved and the unique circumstances of the gas balancing arrangement.
