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.
Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that is often used in the oil and gas industry. This agreement is specific to operations in Utah and deals with gas balancing issues. Here is a detailed description of the Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, along with some keywords related to its different types: The Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is an essential document in the oil and gas industry. It is specifically designed for operations in the state of Utah and addresses the gas balancing requirements and responsibilities between different parties involved in the production and transportation of natural gas. Gas balancing within the context of this agreement refers to the practice of ensuring that the quantities of gas produced, purchased, and transported by the parties are accounted for and balanced to maintain adequate supply and avoid any imbalances that may arise during the production, processing, or transmission processes. This agreement sets out the terms under which gas balancing will be conducted, clarifying the obligations and rights of each party involved. Keywords: 1. Utah: This agreement is specific to operations conducted in the state of Utah. It adheres to the regulations and guidelines outlined by the state's governing bodies. 2. Exhibit E: This document is categorized as "Exhibit E" within the operating agreement, indicating its importance and relevance to gas balancing issues. 3. Operating Agreement: This refers to the primary agreement governing the relationship and activities between the parties involved in gas production and transportation. The Exhibit E is a supplemental document to the operating agreement, specifically addressing gas balancing concerns. 4. Gas Balancing: This term represents the process of accounting for and maintaining the balance of gas quantities produced, purchased, and transported by the parties involved. The agreement lays out the rules and procedures for effective gas balancing practices. Different Types: Depending on the specific circumstances and requirements of the gas operations in Utah, there can be different types or variations of the Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1. These may include: 1. Standard Balancing Agreement: This type of agreement outlines the standard gas balancing procedures and requirements applicable to most gas operations in Utah. It establishes the foundational principles for gas balancing activities. 2. Customized Balancing Agreement: In some cases, the parties involved may have unique circumstances or needs that go beyond the standard procedures. A customized balancing agreement may be drafted to address specific challenges or goals related to gas balancing in Utah. 3. Revised Balancing Agreement: Over time, the gas operations or regulatory landscape in Utah may undergo changes that necessitate revisions to the original balancing agreement. These revised agreements reflect the updated requirements and guidelines for gas balancing in the state. In conclusion, the Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a significant legal document specific to gas operations in Utah. It governs the gas balancing activities between parties, ensuring fairness, transparency, and compliance with state regulations. The agreement can come in various types, including standard, customized, or revised versions, depending on the specific circumstances and requirements of the gas operations involved.Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that is often used in the oil and gas industry. This agreement is specific to operations in Utah and deals with gas balancing issues. Here is a detailed description of the Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, along with some keywords related to its different types: The Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is an essential document in the oil and gas industry. It is specifically designed for operations in the state of Utah and addresses the gas balancing requirements and responsibilities between different parties involved in the production and transportation of natural gas. Gas balancing within the context of this agreement refers to the practice of ensuring that the quantities of gas produced, purchased, and transported by the parties are accounted for and balanced to maintain adequate supply and avoid any imbalances that may arise during the production, processing, or transmission processes. This agreement sets out the terms under which gas balancing will be conducted, clarifying the obligations and rights of each party involved. Keywords: 1. Utah: This agreement is specific to operations conducted in the state of Utah. It adheres to the regulations and guidelines outlined by the state's governing bodies. 2. Exhibit E: This document is categorized as "Exhibit E" within the operating agreement, indicating its importance and relevance to gas balancing issues. 3. Operating Agreement: This refers to the primary agreement governing the relationship and activities between the parties involved in gas production and transportation. The Exhibit E is a supplemental document to the operating agreement, specifically addressing gas balancing concerns. 4. Gas Balancing: This term represents the process of accounting for and maintaining the balance of gas quantities produced, purchased, and transported by the parties involved. The agreement lays out the rules and procedures for effective gas balancing practices. Different Types: Depending on the specific circumstances and requirements of the gas operations in Utah, there can be different types or variations of the Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1. These may include: 1. Standard Balancing Agreement: This type of agreement outlines the standard gas balancing procedures and requirements applicable to most gas operations in Utah. It establishes the foundational principles for gas balancing activities. 2. Customized Balancing Agreement: In some cases, the parties involved may have unique circumstances or needs that go beyond the standard procedures. A customized balancing agreement may be drafted to address specific challenges or goals related to gas balancing in Utah. 3. Revised Balancing Agreement: Over time, the gas operations or regulatory landscape in Utah may undergo changes that necessitate revisions to the original balancing agreement. These revised agreements reflect the updated requirements and guidelines for gas balancing in the state. In conclusion, the Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a significant legal document specific to gas operations in Utah. It governs the gas balancing activities between parties, ensuring fairness, transparency, and compliance with state regulations. The agreement can come in various types, including standard, customized, or revised versions, depending on the specific circumstances and requirements of the gas operations involved.
