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.
South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that pertains to the gas balancing agreement within the operating agreement of a company operating in the state of South Dakota. This exhibit is crucial in maintaining the balance of gas usage and ensuring fair distribution among parties involved. The purpose of South Dakota Exhibit E is to outline the terms, rights, and obligations related to gas balancing under the operating agreement. It provides a comprehensive framework that governs the process of managing disparities in gas consumption, thereby ensuring a reliable supply for all involved parties. The key keywords associated with South Dakota Exhibit E are: 1. South Dakota: This refers to the state in which the operating agreement is being executed and is vital for legal jurisdiction purposes. 2. Exhibit E: Identifies the specific exhibit within the operating agreement that addresses gas balancing, distinguishing it from other sections or exhibits. 3. Operating Agreement: Refers to the primary legal document outlining the rights, responsibilities, and governance framework of the company. Exhibit E forms an integral part of this agreement. 4. Gas Balancing Agreement: Pertains to the agreement between the parties regarding the balancing of gas usage, ensuring that no single party exploits an unfair advantage over others. 5. Form 1: May indicate the specific version or variant of the Operating Agreement Gas Balancing Agreement. Multiple Form 1 variations could exist, with each potentially tailored to address different circumstances or parties. Different types of South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may include variations intended for specific industries, gas sources, or contractual arrangements. For example, there might be a separate version for oil and gas companies operating in South Dakota, utilities operating within the state, or renewable energy producers. These different versions could have specific clauses and provisions tailored to the unique characteristics and requirements of each industry or sector. In conclusion, South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document specifying the procedures, responsibilities, and terms guiding gas balancing in South Dakota. It ensures fair distribution and usage of gas resources among the parties involved, within the context of the larger operating agreement.South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that pertains to the gas balancing agreement within the operating agreement of a company operating in the state of South Dakota. This exhibit is crucial in maintaining the balance of gas usage and ensuring fair distribution among parties involved. The purpose of South Dakota Exhibit E is to outline the terms, rights, and obligations related to gas balancing under the operating agreement. It provides a comprehensive framework that governs the process of managing disparities in gas consumption, thereby ensuring a reliable supply for all involved parties. The key keywords associated with South Dakota Exhibit E are: 1. South Dakota: This refers to the state in which the operating agreement is being executed and is vital for legal jurisdiction purposes. 2. Exhibit E: Identifies the specific exhibit within the operating agreement that addresses gas balancing, distinguishing it from other sections or exhibits. 3. Operating Agreement: Refers to the primary legal document outlining the rights, responsibilities, and governance framework of the company. Exhibit E forms an integral part of this agreement. 4. Gas Balancing Agreement: Pertains to the agreement between the parties regarding the balancing of gas usage, ensuring that no single party exploits an unfair advantage over others. 5. Form 1: May indicate the specific version or variant of the Operating Agreement Gas Balancing Agreement. Multiple Form 1 variations could exist, with each potentially tailored to address different circumstances or parties. Different types of South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may include variations intended for specific industries, gas sources, or contractual arrangements. For example, there might be a separate version for oil and gas companies operating in South Dakota, utilities operating within the state, or renewable energy producers. These different versions could have specific clauses and provisions tailored to the unique characteristics and requirements of each industry or sector. In conclusion, South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document specifying the procedures, responsibilities, and terms guiding gas balancing in South Dakota. It ensures fair distribution and usage of gas resources among the parties involved, within the context of the larger operating agreement.
