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.
Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that establishes the terms and conditions for gas balancing in the state of Wisconsin. This agreement typically governs the relationships and obligations between gas producers, transporters, and marketers involved in the Wisconsin gas industry. The main purpose of Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to ensure the smooth and efficient operation of gas supply and demand by establishing mechanisms for gas balancing. Gas balancing refers to the process of ensuring that the quantity of gas injected into the pipeline system matches the volume of gas consumed by customers, thus maintaining equilibrium. This agreement outlines various key components, such as: 1. Parties and Definitions: It identifies the parties involved in the agreement, including the gas producers, transporters, and marketers. It also provides a comprehensive list of definitions to clarify technical terms used throughout the agreement. 2. Scope and Term: This section defines the scope of the agreement, providing details on the specific gas balancing facilities and pipelines covered, as well as the duration of the agreement. 3. Gas Balancing Procedure: Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 outlines the details of the gas balancing procedure, including the measurement and accounting methods to be employed, timelines for reporting and settlement, and any penalties for non-compliance. 4. Rights and Obligations: It delineates the rights and obligations of each party involved in the gas balancing process. This includes responsibilities related to gas measurement, recording, communication, reporting, and settlement. 5. Dispute Resolution: The agreement may contain provisions for resolving disputes that may arise between the parties. This could include methods such as negotiation, mediation, or arbitration. It is important to note that there may be different variations or types of Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, depending on the specific terms agreed upon by the parties involved. These variations could arise due to factors such as the different gas fields involved, varying pipeline capacities, or specific contractual requirements of each party. However, the core objective of ensuring gas balancing remains consistent throughout these variations.Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that establishes the terms and conditions for gas balancing in the state of Wisconsin. This agreement typically governs the relationships and obligations between gas producers, transporters, and marketers involved in the Wisconsin gas industry. The main purpose of Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to ensure the smooth and efficient operation of gas supply and demand by establishing mechanisms for gas balancing. Gas balancing refers to the process of ensuring that the quantity of gas injected into the pipeline system matches the volume of gas consumed by customers, thus maintaining equilibrium. This agreement outlines various key components, such as: 1. Parties and Definitions: It identifies the parties involved in the agreement, including the gas producers, transporters, and marketers. It also provides a comprehensive list of definitions to clarify technical terms used throughout the agreement. 2. Scope and Term: This section defines the scope of the agreement, providing details on the specific gas balancing facilities and pipelines covered, as well as the duration of the agreement. 3. Gas Balancing Procedure: Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 outlines the details of the gas balancing procedure, including the measurement and accounting methods to be employed, timelines for reporting and settlement, and any penalties for non-compliance. 4. Rights and Obligations: It delineates the rights and obligations of each party involved in the gas balancing process. This includes responsibilities related to gas measurement, recording, communication, reporting, and settlement. 5. Dispute Resolution: The agreement may contain provisions for resolving disputes that may arise between the parties. This could include methods such as negotiation, mediation, or arbitration. It is important to note that there may be different variations or types of Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, depending on the specific terms agreed upon by the parties involved. These variations could arise due to factors such as the different gas fields involved, varying pipeline capacities, or specific contractual requirements of each party. However, the core objective of ensuring gas balancing remains consistent throughout these variations.
