This operating agreement exhibit states the intent of the Parties that each Party shall have the right to take in kind and separately dispose of its proportionate share of gas (including casinghead gas) produced from each formation in each well located on the acreage (the "Contract Area") covered by the Operating Agreement.
Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is an essential document that plays a crucial role in ensuring smooth operations and balancing of natural gas supply in Tennessee. This exhibit is a part of the operating agreement between parties involved in the gas industry and provides important guidelines for gas balancing. Keywords: Tennessee, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 3. Gas balancing is a critical process in the natural gas industry as it ensures the reliability and stability of the gas supply to meet demand. Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 outlines the specific terms and conditions regarding gas balancing that need to be followed by all parties involved. This exhibit may consist of various types depending on the specific requirements and agreements between the parties. Different versions or variations of Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may include: 1. Standard Gas Balancing Agreement — This version of Exhibit E provides a comprehensive framework for gas balancing, encompassing general principles, roles and responsibilities of each party, calculation methodologies, measurement and allocation procedures, and dispute resolution mechanisms. 2. Short-Form Gas Balancing Agreement — This type of Exhibit E is a condensed version, typically used in cases where the gas balancing requirements are less complex or where parties want to incorporate only the essential provisions. It may include the core elements needed for gas balancing, such as measurement procedures, reporting obligations, and default provisions. 3. Customized Gas Balancing Agreement — In some instances, parties may opt to create a tailored Exhibit E to address specific gas balancing needs unique to their operations. This customized version allows them to include additional clauses or modify existing provisions to better suit their requirements, intricacies, or preferences. Regardless of the specific type, Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 holds significance in ensuring fair and efficient gas balancing operations while promoting the reliable supply of natural gas to consumers. Note: Please keep in mind that the specific details and types of Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may vary based on the actual legal documents and agreements used in practice. It is critical to refer to the most current and accurate versions provided by authorized legal sources or consult with legal professionals for the latest information.Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is an essential document that plays a crucial role in ensuring smooth operations and balancing of natural gas supply in Tennessee. This exhibit is a part of the operating agreement between parties involved in the gas industry and provides important guidelines for gas balancing. Keywords: Tennessee, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 3. Gas balancing is a critical process in the natural gas industry as it ensures the reliability and stability of the gas supply to meet demand. Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 outlines the specific terms and conditions regarding gas balancing that need to be followed by all parties involved. This exhibit may consist of various types depending on the specific requirements and agreements between the parties. Different versions or variations of Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may include: 1. Standard Gas Balancing Agreement — This version of Exhibit E provides a comprehensive framework for gas balancing, encompassing general principles, roles and responsibilities of each party, calculation methodologies, measurement and allocation procedures, and dispute resolution mechanisms. 2. Short-Form Gas Balancing Agreement — This type of Exhibit E is a condensed version, typically used in cases where the gas balancing requirements are less complex or where parties want to incorporate only the essential provisions. It may include the core elements needed for gas balancing, such as measurement procedures, reporting obligations, and default provisions. 3. Customized Gas Balancing Agreement — In some instances, parties may opt to create a tailored Exhibit E to address specific gas balancing needs unique to their operations. This customized version allows them to include additional clauses or modify existing provisions to better suit their requirements, intricacies, or preferences. Regardless of the specific type, Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 holds significance in ensuring fair and efficient gas balancing operations while promoting the reliable supply of natural gas to consumers. Note: Please keep in mind that the specific details and types of Tennessee Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may vary based on the actual legal documents and agreements used in practice. It is critical to refer to the most current and accurate versions provided by authorized legal sources or consult with legal professionals for the latest information.
