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.
Title: West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: Explained with Key Variations Introduction: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document that outlines the terms and provisions for gas balancing within the state of West Virginia. This detailed description aims to provide a comprehensive understanding of this agreement and highlight different types and variations that may exist. 1. Overview: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 serves as an essential component for gas operations, establishing guidelines for the allocation and balancing of natural gas supplies in the state. 2. Purpose: The primary objective of this agreement is to ensure fair and equitable distribution of gas resources among the parties involved, promoting efficient gas balancing practices and minimizing operational discrepancies. 3. Key Provisions: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 typically covers several significant provisions, including: a. Allocation of gas quantities among parties. b. Protocols for gas balancing, monitoring, and reporting. c. Tariffs and pricing mechanisms. d. Responsibilities of each party for gas imbalances. e. Dispute resolution processes. f. Termination and amendment clauses. 4. Variations in West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: It is important to note that different types or variations of the West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist, depending on specific circumstances, company policies, and legal requirements. Some possible variations include: a. Specific clauses tailored for different operators or gas companies. b. Additional provisions to address unique gas balancing challenges. c. Differences in gas balancing methodologies, such as daily, monthly, or seasonal balancing. d. Specific enhancements related to gas transportation, storage, or capacity considerations. Conclusion: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a critical document that ensures effective gas balancing operations within West Virginia. Though specific variations may exist, the fundamental purpose of this agreement remains the same — to facilitate fair and efficient distribution of gas resources while minimizing imbalances and disputes.Title: West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: Explained with Key Variations Introduction: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial document that outlines the terms and provisions for gas balancing within the state of West Virginia. This detailed description aims to provide a comprehensive understanding of this agreement and highlight different types and variations that may exist. 1. Overview: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 serves as an essential component for gas operations, establishing guidelines for the allocation and balancing of natural gas supplies in the state. 2. Purpose: The primary objective of this agreement is to ensure fair and equitable distribution of gas resources among the parties involved, promoting efficient gas balancing practices and minimizing operational discrepancies. 3. Key Provisions: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 typically covers several significant provisions, including: a. Allocation of gas quantities among parties. b. Protocols for gas balancing, monitoring, and reporting. c. Tariffs and pricing mechanisms. d. Responsibilities of each party for gas imbalances. e. Dispute resolution processes. f. Termination and amendment clauses. 4. Variations in West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: It is important to note that different types or variations of the West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist, depending on specific circumstances, company policies, and legal requirements. Some possible variations include: a. Specific clauses tailored for different operators or gas companies. b. Additional provisions to address unique gas balancing challenges. c. Differences in gas balancing methodologies, such as daily, monthly, or seasonal balancing. d. Specific enhancements related to gas transportation, storage, or capacity considerations. Conclusion: The West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a critical document that ensures effective gas balancing operations within West Virginia. Though specific variations may exist, the fundamental purpose of this agreement remains the same — to facilitate fair and efficient distribution of gas resources while minimizing imbalances and disputes.
