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.
Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that establishes the terms and conditions for gas balancing in the Virgin Islands. Balancing agreements are essential in the oil and gas industry to regulate the supply and demand of gas resources efficiently. This particular exhibit focuses on the specific requirements and guidelines regarding gas balancing in the Virgin Islands. The Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 encompasses various aspects of gas balancing, including allocation of gas resources, measurement and monitoring procedures, penalties for non-compliance, and dispute resolution mechanisms. The purpose of this exhibit is to ensure fair distribution and utilization of gas resources among the participants involved in gas production and transportation. Keywords: Virgin Islands, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 2, gas balancing, gas resources, supply and demand, allocation, measurement, monitoring, penalties, non-compliance, dispute resolution, gas production, transportation. Different types of Exhibits E to Operating Agreement Gas Balancing Agreement — Form 2 may exist, depending on the specific requirements of different jurisdictions or stakeholders involved. Some possible variations could include: 1. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Onshore): This version would be tailored specifically for gas balancing agreements related to onshore gas production and transportation activities in the Virgin Islands. 2. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Offshore): This version would be designed for gas balancing agreements related to offshore gas production and transportation activities in the Virgin Islands. 3. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Domestic): This version would focus on gas balancing agreements that regulate the distribution and utilization of gas resources within the Virgin Islands, catering to domestic energy needs. 4. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (International): This type of exhibit would be applicable when gas balancing agreements involve international stakeholders, implying the import or export of gas resources related to the Virgin Islands. These different types of exhibits may have minor variations in language and specific requirements, but their core purpose remains the efficient balancing of gas resources in the Virgin Islands, ensuring fair and equitable distribution.Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that establishes the terms and conditions for gas balancing in the Virgin Islands. Balancing agreements are essential in the oil and gas industry to regulate the supply and demand of gas resources efficiently. This particular exhibit focuses on the specific requirements and guidelines regarding gas balancing in the Virgin Islands. The Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 encompasses various aspects of gas balancing, including allocation of gas resources, measurement and monitoring procedures, penalties for non-compliance, and dispute resolution mechanisms. The purpose of this exhibit is to ensure fair distribution and utilization of gas resources among the participants involved in gas production and transportation. Keywords: Virgin Islands, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 2, gas balancing, gas resources, supply and demand, allocation, measurement, monitoring, penalties, non-compliance, dispute resolution, gas production, transportation. Different types of Exhibits E to Operating Agreement Gas Balancing Agreement — Form 2 may exist, depending on the specific requirements of different jurisdictions or stakeholders involved. Some possible variations could include: 1. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Onshore): This version would be tailored specifically for gas balancing agreements related to onshore gas production and transportation activities in the Virgin Islands. 2. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Offshore): This version would be designed for gas balancing agreements related to offshore gas production and transportation activities in the Virgin Islands. 3. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (Domestic): This version would focus on gas balancing agreements that regulate the distribution and utilization of gas resources within the Virgin Islands, catering to domestic energy needs. 4. Virgin Islands Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 (International): This type of exhibit would be applicable when gas balancing agreements involve international stakeholders, implying the import or export of gas resources related to the Virgin Islands. These different types of exhibits may have minor variations in language and specific requirements, but their core purpose remains the efficient balancing of gas resources in the Virgin Islands, ensuring fair and equitable distribution.
