This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document specific to gas balancing agreements within the state of Wisconsin. This agreement is designed to outline the terms and conditions for the balancing of natural gas supplies and demands among multiple parties involved in gas production and distribution activities. The Wisconsin Exhibit E is a part of the operating agreement form and serves as an appendix dedicated to gas balancing agreements. It includes detailed provisions and clauses that govern the rights, obligations, and responsibilities of all parties involved in gas balancing within the state. This exhibit is essential for ensuring a fair and efficient distribution of natural gas resources in Wisconsin. The Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may cover various types of gas balancing agreements, depending on the specific circumstances and requirements of the involved parties. These types could include: 1. Intercompany Gas Balancing Agreement: This type of agreement involves gas balancing among affiliated companies or entities operating within Wisconsin. It addresses issues such as the allocation and transfer of gas supplies, measurement and reporting requirements, penalties for imbalances, and dispute resolution mechanisms specific to intercompany operations. 2. Third-Party Gas Balancing Agreement: In situations where multiple non-affiliated parties are involved in gas production, transportation, or distribution activities, this agreement governs the gas balancing requirements among these entities. It establishes provisions related to gas exchange, measurement standards, reconciliation procedures, and dispute resolution mechanisms between third-party entities. 3. Interstate Gas Balancing Agreement: This type of agreement is relevant when gas supplies from Wisconsin are transported and distributed to other states. It establishes the gas balancing requirements and related provisions for interstate operations, including the measurement and allocation of gas, penalties for imbalances, and dispute resolution specific to interstate gas transportation. In conclusion, the Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a critical document that outlines the terms and conditions for gas balancing within the state. It may include various types of agreements depending on the parties involved, such as intercompany, third-party, or interstate gas balancing agreements. These agreements aim to ensure fair and efficient gas distribution and utilization while addressing measurement, reporting, reconciliation, and dispute resolution specific to gas balancing operations.Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document specific to gas balancing agreements within the state of Wisconsin. This agreement is designed to outline the terms and conditions for the balancing of natural gas supplies and demands among multiple parties involved in gas production and distribution activities. The Wisconsin Exhibit E is a part of the operating agreement form and serves as an appendix dedicated to gas balancing agreements. It includes detailed provisions and clauses that govern the rights, obligations, and responsibilities of all parties involved in gas balancing within the state. This exhibit is essential for ensuring a fair and efficient distribution of natural gas resources in Wisconsin. The Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may cover various types of gas balancing agreements, depending on the specific circumstances and requirements of the involved parties. These types could include: 1. Intercompany Gas Balancing Agreement: This type of agreement involves gas balancing among affiliated companies or entities operating within Wisconsin. It addresses issues such as the allocation and transfer of gas supplies, measurement and reporting requirements, penalties for imbalances, and dispute resolution mechanisms specific to intercompany operations. 2. Third-Party Gas Balancing Agreement: In situations where multiple non-affiliated parties are involved in gas production, transportation, or distribution activities, this agreement governs the gas balancing requirements among these entities. It establishes provisions related to gas exchange, measurement standards, reconciliation procedures, and dispute resolution mechanisms between third-party entities. 3. Interstate Gas Balancing Agreement: This type of agreement is relevant when gas supplies from Wisconsin are transported and distributed to other states. It establishes the gas balancing requirements and related provisions for interstate operations, including the measurement and allocation of gas, penalties for imbalances, and dispute resolution specific to interstate gas transportation. In conclusion, the Wisconsin Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a critical document that outlines the terms and conditions for gas balancing within the state. It may include various types of agreements depending on the parties involved, such as intercompany, third-party, or interstate gas balancing agreements. These agreements aim to ensure fair and efficient gas distribution and utilization while addressing measurement, reporting, reconciliation, and dispute resolution specific to gas balancing operations.
