South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• Control #: US-OG-749
• Format: Word; Rich Text

Description

This operating agreement exhibit is a gas balancing agreement that contains information about ownership and Disposable Production of Gas in kind. South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a legal document related to gas balancing agreements in South Dakota. This exhibit is a detailed annex to the operating agreement and is designed to address the specific gas balancing requirements within the state of South Dakota. It outlines the terms and conditions for balancing gas production, transportation, and distribution among the parties involved in the agreement. The primary purpose of this exhibit is to provide a clear framework for managing gas imbalances and ensuring equitable sharing of gas resources among the parties. It establishes the procedures, criteria, and calculations necessary for determining gas imbalances and the corresponding responsibilities of each party involved. Keywords: South Dakota, exhibit E, operating agreement, gas balancing agreement, Form 5, legal document, gas imbalances, gas production, transportation, distribution, parties, resources, procedures, criteria, calculations, responsibilities. Different types of South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 may exist depending on the unique circumstances and requirements of the gas balancing arrangement. These variations may include: 1. Long-Term Gas Balancing Agreement: This type of exhibit E would be applicable to gas balancing agreements with a long-term duration, typically covering multiple years. It would include specific provisions for long-term forecasting, gas supply guarantees, and potential adjustments based on changing market conditions. 2. Short-Term Gas Balancing Agreement: A short-term gas balancing agreement exhibit E would be designed for shorter duration agreements, often covering a few months or less. It could emphasize more immediate balancing requirements, frequent calculations, and rapid adjustment mechanisms to ensure prompt resolution of gas imbalances. 3. Interstate Gas Balancing Agreement: If the gas balancing agreement involves multiple states, including South Dakota, this exhibit E may have specific provisions and considerations to accommodate interstate gas transportation, regulatory variations, and compliance requirements. 4. Intrastate Gas Balancing Agreement: This type of exhibit E would pertain to gas balancing agreements within the borders of South Dakota only. It would focus on the state's particular gas infrastructure, distribution network, and regulatory frameworks applicable within South Dakota. 5. Customized Gas Balancing Agreement: In certain cases, parties may opt for a customized exhibit E tailored to their specific gas balancing needs and unique circumstances. This could include modifications to existing forms or the creation of a completely new exhibit E to reflect the intricacies of their gas balancing arrangement. Keywords: long-term, short-term, interstate, intrastate, customized, gas balancing agreements, forecasting, supply guarantees, adjustments, market conditions, calculations, resolution mechanisms, infrastructure, distribution network, compliance requirements.

South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a legal document related to gas balancing agreements in South Dakota. This exhibit is a detailed annex to the operating agreement and is designed to address the specific gas balancing requirements within the state of South Dakota. It outlines the terms and conditions for balancing gas production, transportation, and distribution among the parties involved in the agreement. The primary purpose of this exhibit is to provide a clear framework for managing gas imbalances and ensuring equitable sharing of gas resources among the parties. It establishes the procedures, criteria, and calculations necessary for determining gas imbalances and the corresponding responsibilities of each party involved. Keywords: South Dakota, exhibit E, operating agreement, gas balancing agreement, Form 5, legal document, gas imbalances, gas production, transportation, distribution, parties, resources, procedures, criteria, calculations, responsibilities. Different types of South Dakota Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 may exist depending on the unique circumstances and requirements of the gas balancing arrangement. These variations may include: 1. Long-Term Gas Balancing Agreement: This type of exhibit E would be applicable to gas balancing agreements with a long-term duration, typically covering multiple years. It would include specific provisions for long-term forecasting, gas supply guarantees, and potential adjustments based on changing market conditions. 2. Short-Term Gas Balancing Agreement: A short-term gas balancing agreement exhibit E would be designed for shorter duration agreements, often covering a few months or less. It could emphasize more immediate balancing requirements, frequent calculations, and rapid adjustment mechanisms to ensure prompt resolution of gas imbalances. 3. Interstate Gas Balancing Agreement: If the gas balancing agreement involves multiple states, including South Dakota, this exhibit E may have specific provisions and considerations to accommodate interstate gas transportation, regulatory variations, and compliance requirements. 4. Intrastate Gas Balancing Agreement: This type of exhibit E would pertain to gas balancing agreements within the borders of South Dakota only. It would focus on the state's particular gas infrastructure, distribution network, and regulatory frameworks applicable within South Dakota. 5. Customized Gas Balancing Agreement: In certain cases, parties may opt for a customized exhibit E tailored to their specific gas balancing needs and unique circumstances. This could include modifications to existing forms or the creation of a completely new exhibit E to reflect the intricacies of their gas balancing arrangement. Keywords: long-term, short-term, interstate, intrastate, customized, gas balancing agreements, forecasting, supply guarantees, adjustments, market conditions, calculations, resolution mechanisms, infrastructure, distribution network, compliance requirements.