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.
West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement - Form 2
Category:
State:
Multi-State
Control #:
US-OG-746
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Exhibit E To Operating Agreement Gas Balancing Agreement - Form 2?
You can devote hours on the web searching for the legitimate papers template that meets the state and federal demands you want. US Legal Forms supplies 1000s of legitimate forms which can be evaluated by professionals. It is simple to down load or produce the West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement - Form 2 from my services.
If you have a US Legal Forms accounts, you may log in and then click the Obtain option. After that, you may complete, revise, produce, or indication the West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement - Form 2. Each legitimate papers template you purchase is your own eternally. To obtain another copy of any bought form, proceed to the My Forms tab and then click the related option.
If you use the US Legal Forms web site initially, follow the straightforward directions beneath:
- First, ensure that you have chosen the correct papers template for your region/metropolis that you pick. Browse the form description to ensure you have selected the appropriate form. If offered, take advantage of the Review option to check through the papers template also.
- If you wish to find another edition from the form, take advantage of the Look for area to obtain the template that meets your needs and demands.
- When you have discovered the template you desire, click on Buy now to carry on.
- Choose the pricing prepare you desire, key in your qualifications, and sign up for an account on US Legal Forms.
- Comprehensive the financial transaction. You may use your charge card or PayPal accounts to purchase the legitimate form.
- Choose the structure from the papers and down load it to the product.
- Make adjustments to the papers if required. You can complete, revise and indication and produce West Virginia Exhibit E to Operating Agreement Gas Balancing Agreement - Form 2.
Obtain and produce 1000s of papers layouts utilizing the US Legal Forms Internet site, which provides the greatest selection of legitimate forms. Use expert and express-particular layouts to deal with your business or person demands.
Form popularity
FAQ
In the world of natural gas pipelines, an imbalance is generally defined as the difference between a shipper's deliveries of natural gas into the pipeline system and re-deliveries of the shipper's natural gas off of the system, taking into account fuel used in pipeline operations and lost and unaccounted for gas.
A joint operating agreement is a legal document that outlines the relationship between two or more businesses who jointly operate a business. When one company partners with another, they are typically signing this type of contract to ensure their business interests are protected.
TECHNICAL IMPLEMENTATION OF BUSINESS PROCESS. The Producer Imbalance Statement is a report from the operator of a production facility to its working interest owners (producers) that indicates the difference between the current month entitlement quantity and the total production deliveries.
balancing agreement is a contract between owners of a gas well that helps them to balance the amount of gas they sell. Sometimes, one owner may sell more gas than the others, which can cause problems. This agreement helps to solve that problem by making sure that everyone sells an equal amount of gas.
In the case of an end user, balancing allows the customer to take gas each day matched to her actual demand (rather than her anticipated demand, which may be quite different) and either owe gas back to the LDC/pipeline or have gas owed to her.
Gas balancing information provides a combination of actual sales and production prorated to each investor with historically retained entitlements calculated and prorated based on DOI and total production. Balancing statement printable by production interest and may be consolidated by seller groups.