This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, is a document that outlines the specific terms and conditions pertaining to gas balancing activities within the state of Utah. This agreement is crucial for oil and gas companies operating in Utah as it ensures fair and efficient gas management practices. The purpose of Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is to establish a framework for addressing imbalances between gas production and gas usage. It outlines the process for tracking, accounting, and resolving gas imbalances in a reliable and transparent manner. There are different types of Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, which may vary based on specific factors like the gas field location, the size of the project, and the parties involved. Some of these variations may include: 1. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Onshore Gas Fields: This type of agreement is applicable to gas fields located onshore within the state of Utah. It outlines the procedures and responsibilities for managing gas imbalances specific to these fields. 2. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Offshore Gas Fields: This variant of the agreement is specifically designed for gas fields located offshore in Utah's coastal areas. It includes provisions that account for the unique challenges and considerations associated with offshore gas production and balancing. 3. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Joint Ventures: In cases where multiple parties are involved in a gas project, a joint venture agreement may be requisite. This agreement type specifies the roles, responsibilities, and obligations of each party in the gas balancing process. 4. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Small-Scale Gas Operations: This agreement caters to smaller gas operations in Utah, such as individual gas wells or small gas fields. It simplifies and streamlines gas balancing practices suiting the scale of these operations. The Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is an essential document that serves to maintain the integrity of gas supply and operations within the state of Utah. It ensures fair allocation of gas resources, minimizes wastage, and facilitates efficient gas management for all parties involved.Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, is a document that outlines the specific terms and conditions pertaining to gas balancing activities within the state of Utah. This agreement is crucial for oil and gas companies operating in Utah as it ensures fair and efficient gas management practices. The purpose of Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is to establish a framework for addressing imbalances between gas production and gas usage. It outlines the process for tracking, accounting, and resolving gas imbalances in a reliable and transparent manner. There are different types of Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, which may vary based on specific factors like the gas field location, the size of the project, and the parties involved. Some of these variations may include: 1. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Onshore Gas Fields: This type of agreement is applicable to gas fields located onshore within the state of Utah. It outlines the procedures and responsibilities for managing gas imbalances specific to these fields. 2. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Offshore Gas Fields: This variant of the agreement is specifically designed for gas fields located offshore in Utah's coastal areas. It includes provisions that account for the unique challenges and considerations associated with offshore gas production and balancing. 3. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Joint Ventures: In cases where multiple parties are involved in a gas project, a joint venture agreement may be requisite. This agreement type specifies the roles, responsibilities, and obligations of each party in the gas balancing process. 4. Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 for Small-Scale Gas Operations: This agreement caters to smaller gas operations in Utah, such as individual gas wells or small gas fields. It simplifies and streamlines gas balancing practices suiting the scale of these operations. The Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is an essential document that serves to maintain the integrity of gas supply and operations within the state of Utah. It ensures fair allocation of gas resources, minimizes wastage, and facilitates efficient gas management for all parties involved.
