What causes a gas imbalance?

A gas imbalance typically occurs as a result of one of three reasons: A working interest (WI) partner chooses to take in kind (TIK), meaning they're taking their share of gas to market, either on their own or with someone other than the operator to gain a more favorable marketing agreement.

US Legal Forms
Localized Forms
North Carolina
Wake
Precedent Agreement for Firm Natural Gas Storage Service

Wake North Carolina Precedent Agreement for Firm Natural Gas Storage Service

Name: Wake North Carolina Precedent Agreement for Firm Natural Gas Storage Service
Brand: US Legal Forms
Rating: 4.72 (328 reviews)

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

County:

Wake

Control #:

US-OG-1089

Format:

Instant download

Description

This form is a precedent agreement for a firm national gas storage service.

View Chandler Acuerdo de asociación de contenido web

View this form

View Corpus Christi Fideicomiso de seguro de vida con fondos irrevocables donde los beneficiarios tienen derecho de retiro Crummey con la póliza First to Die con cláusula de supervivencia

View this form

View Saint Paul Hoja de puntuación de la entrevista

View this form

View Pittsburgh Ejemplo de Carta para Carta Promocional - Servicios Culinarios - Chef Personal

View this form

View Wichita Formulario de seguimiento de FMLA - Año medido desde la fecha de solicitud - Empleados con horario establecido

View this form

How to fill out Wake North Carolina Precedent Agreement For Firm Natural Gas Storage Service?

Creating paperwork, like Wake Precedent Agreement for Firm Natural Gas Storage Service, to manage your legal matters is a difficult and time-consumming process. A lot of circumstances require an attorney’s involvement, which also makes this task not really affordable. Nevertheless, you can take your legal issues into your own hands and take care of them yourself. US Legal Forms is here to save the day. Our website comes with over 85,000 legal documents crafted for a variety of cases and life situations. We ensure each document is in adherence with the regulations of each state, so you don’t have to be concerned about potential legal problems associated with compliance.

If you're already aware of our services and have a subscription with US, you know how easy it is to get the Wake Precedent Agreement for Firm Natural Gas Storage Service template. Simply log in to your account, download the template, and customize it to your needs. Have you lost your document? Don’t worry. You can get it in the My Forms tab in your account - on desktop or mobile.

The onboarding process of new customers is fairly easy! Here’s what you need to do before downloading Wake Precedent Agreement for Firm Natural Gas Storage Service:

Ensure that your document is specific to your state/county since the rules for creating legal paperwork may vary from one state another.
Discover more information about the form by previewing it or going through a brief description. If the Wake Precedent Agreement for Firm Natural Gas Storage Service isn’t something you were looking for, then use the header to find another one.
Sign in or create an account to start using our service and get the document.
Everything looks great on your end? Hit the Buy now button and select the subscription plan.
Pick the payment gateway and enter your payment details.
Your form is good to go. You can try and download it.

It’s easy to find and buy the appropriate template with US Legal Forms. Thousands of businesses and individuals are already benefiting from our extensive library. Sign up for it now if you want to check what other perks you can get with US Legal Forms!

Form Rating

4.72

Satisfied(328)

Form popularity

FAQ

A condition precedent is a condition of a contract which must be fulfilled for either the contract to be valid or certain contractual obligations to come into effect.

Second, increasingly, precedent agreements are between entities under the same corporate umbrella and where one subsidiary company (e.g., the shipper that may own a power plant or provide local gas distribution service) agrees to buy capacity on a pipeline proposed by its sister company.

In a contract, a condition precedent is an event that must occur before the parties are obligated to perform. For example, an insurance contract may require the insurer to pay to rebuild the customer's home if it is destroyed by fire during the policy period. The fire is a condition precedent.

A gas balancing arrangement settles the over-use or under-use of a gas well by the various partners who have interests in it. This arrangement is needed when there are two or more partners in a gas well.

A condition precedent is an explicit or implicit clause within a contract that says the other party must accomplish its duty before the contract can move forward.

An Operational Balancing Agreement ("OBA") is a contract between two parties which specifies the procedures to manage operating variances at an interconnection between pipelines.

Precedent Agreement means a binding agreement between Company and a Prospective Shipper for the provision of the transportation service requested, subject to fulfillment of conditions precedent as agreed to between Prospective Shipper and Company.

What is a Gas Balancing Arrangement? A gas balancing arrangement settles the over-use or under-use of a gas well by the various partners who have interests in it. This arrangement is needed when there are two or more partners in a gas well.

1. A condition precedent is one the fulfillment of which completes an inchoate title. A condition subsequent is one of the fulfillments which extinguishes a title already completed.

A gas imbalance typically occurs as a result of one of three reasons: A working interest (WI) partner chooses to take in kind (TIK), meaning they're taking their share of gas to market, either on their own or with someone other than the operator to gain a more favorable marketing agreement.

Gas balancing helps to keep production of an oil well flexible while still accounting for situations in which a site has over- or underproduced in a given time period, such as a month or quarter, or when one owner has sold more of a share of the gas stream than other owners.

More info

Blackstone is the smallest gas company in the Commonwealth. The History of Offshore Oil and Gas in the United States.Assets consisting of natural gas storage and transportation contracts. Owneroperators in the transportation industry are grappling with skyhigh diesel prices, leaving them with some tough choices ahead. Minimum wage and overtime pay requirements "any employee employed in a bona fide executive, administrative, or professional capacity. Subscribe to the Wake Up, cleveland. New car authorised dealers are usually in franchise agreements with car manufacturers to supply as well as repair and service new cars. Vice Tech. No new articles in the last 24 hours.

Wake North Carolina Precedent Agreement for Firm Natural Gas Storage Service

Description

Related forms

How to fill out Wake North Carolina Precedent Agreement For Firm Natural Gas Storage Service?

Show more info

Form Rating

Form popularity

FAQ

What are precedent agreements?

What is a precedent agreement Pipeline?

What is precedent in contract law?

What is natural gas balancing?

What does precedent clause mean?

What is an operational balancing agreement for natural gas?

What is a precedent agreement?

What is a gas balancing agreement?

What is the difference between condition subsequent and precedent?

What causes a gas imbalance?

What is gas balancing in oil and gas?

More info

Trusted and secure by over 3 million people of the world’s leading companies