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.
Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions for gas balancing agreements in the state of Washington. This agreement is an essential component of gas operations in Washington and aims to ensure the fair and effective management of gas resources. The Gas Balancing Agreement, also known as Exhibit E, is a binding contract between the gas operators and parties involved in gas production, transmission, and distribution. It serves as a comprehensive guideline for managing gas resources, resolving imbalances, and maintaining operational efficiency in Washington. The main purpose of Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish clear guidelines for recording, monitoring, and settling imbalances in gas deliveries. It sets forth the procedures, responsibilities, and obligations of the parties involved in gas operations, including gas producers, gas transit companies, and gas consumers. This agreement includes several key provisions, such as the calculation and notification of imbalances, the methods of settling imbalances, and the penalties for non-compliance with the agreement terms. It also addresses issues related to gas measurement, data exchange, and reporting requirements to ensure transparency and accuracy in gas operations. There may be different types or variations of Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 depending on specific circumstances or the parties involved. For example, there may be variations for agreements between different gas producers, transmission companies, or gas consumers. Each variation may include tailored provisions to address specific requirements or considerations particular to the parties involved or the gas operations in question. In summary, Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a vital legal document that regulates gas balancing in the state of Washington. It ensures the smooth functioning of gas operations, promotes fair resource management, and fosters effective collaboration between gas operators. Parties entering into this agreement must carefully review and understand its provisions to comply with necessary regulations and maintain a balanced gas supply.Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions for gas balancing agreements in the state of Washington. This agreement is an essential component of gas operations in Washington and aims to ensure the fair and effective management of gas resources. The Gas Balancing Agreement, also known as Exhibit E, is a binding contract between the gas operators and parties involved in gas production, transmission, and distribution. It serves as a comprehensive guideline for managing gas resources, resolving imbalances, and maintaining operational efficiency in Washington. The main purpose of Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to establish clear guidelines for recording, monitoring, and settling imbalances in gas deliveries. It sets forth the procedures, responsibilities, and obligations of the parties involved in gas operations, including gas producers, gas transit companies, and gas consumers. This agreement includes several key provisions, such as the calculation and notification of imbalances, the methods of settling imbalances, and the penalties for non-compliance with the agreement terms. It also addresses issues related to gas measurement, data exchange, and reporting requirements to ensure transparency and accuracy in gas operations. There may be different types or variations of Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 depending on specific circumstances or the parties involved. For example, there may be variations for agreements between different gas producers, transmission companies, or gas consumers. Each variation may include tailored provisions to address specific requirements or considerations particular to the parties involved or the gas operations in question. In summary, Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a vital legal document that regulates gas balancing in the state of Washington. It ensures the smooth functioning of gas operations, promotes fair resource management, and fosters effective collaboration between gas operators. Parties entering into this agreement must carefully review and understand its provisions to comply with necessary regulations and maintain a balanced gas supply.
