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.
Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions for gas balancing within the Houston, Texas area. This agreement is designed to ensure efficient gas operations and provide guidelines for gas producers, pipeline operators, and other stakeholders involved in the gas industry in Houston, Texas. The Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial component of the overall gas balancing agreement. It is a specific exhibit that focuses on the requirements and procedures specific to the gas balancing activities in Houston, Texas. This exhibit provides clarity and defines the roles and responsibilities of the parties involved in gas balancing within the region. Some relevant keywords related to Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 include: 1. Gas balancing: This refers to the process of adjusting gas supply and demand to ensure a stable and reliable gas distribution system. It includes activities such as measuring, monitoring, and adjusting gas flows to maintain a balance in the system. 2. Operating agreement: An operating agreement is a legal document that outlines the rights, responsibilities, and obligations of the parties involved in a particular business operation or venture. In the context of gas balancing, the operating agreement sets the framework for how gas operations will be conducted. 3. Gas industry: The gas industry comprises various stakeholders involved in the exploration, production, transportation, and distribution of natural gas. This includes gas producers, pipeline operators, storage facilities, and end-users. 4. Houston, Texas: Houston, Texas is a major hub for the gas industry with numerous gas producers, pipelines, and distribution centers located in the region. Known as the "Energy Capital of the World," Houston plays a crucial role in the overall energy sector. Different types of Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist based on specific requirements, parties involved, and the nature of the gas operations. For example, there might be separate agreements for onshore and offshore gas balancing activities, agreements specific to certain gas fields or pipeline networks, or agreements catering to different gas companies operating in the Houston, Texas area. In summary, Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legally binding document that ensures the efficient and balanced operation of gas activities in the Houston, Texas area. It outlines the responsibilities and procedures related to gas balancing between parties involved in the gas industry, with a focus on maintaining stability and reliability in the gas distribution system.Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions for gas balancing within the Houston, Texas area. This agreement is designed to ensure efficient gas operations and provide guidelines for gas producers, pipeline operators, and other stakeholders involved in the gas industry in Houston, Texas. The Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial component of the overall gas balancing agreement. It is a specific exhibit that focuses on the requirements and procedures specific to the gas balancing activities in Houston, Texas. This exhibit provides clarity and defines the roles and responsibilities of the parties involved in gas balancing within the region. Some relevant keywords related to Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 include: 1. Gas balancing: This refers to the process of adjusting gas supply and demand to ensure a stable and reliable gas distribution system. It includes activities such as measuring, monitoring, and adjusting gas flows to maintain a balance in the system. 2. Operating agreement: An operating agreement is a legal document that outlines the rights, responsibilities, and obligations of the parties involved in a particular business operation or venture. In the context of gas balancing, the operating agreement sets the framework for how gas operations will be conducted. 3. Gas industry: The gas industry comprises various stakeholders involved in the exploration, production, transportation, and distribution of natural gas. This includes gas producers, pipeline operators, storage facilities, and end-users. 4. Houston, Texas: Houston, Texas is a major hub for the gas industry with numerous gas producers, pipelines, and distribution centers located in the region. Known as the "Energy Capital of the World," Houston plays a crucial role in the overall energy sector. Different types of Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist based on specific requirements, parties involved, and the nature of the gas operations. For example, there might be separate agreements for onshore and offshore gas balancing activities, agreements specific to certain gas fields or pipeline networks, or agreements catering to different gas companies operating in the Houston, Texas area. In summary, Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legally binding document that ensures the efficient and balanced operation of gas activities in the Houston, Texas area. It outlines the responsibilities and procedures related to gas balancing between parties involved in the gas industry, with a focus on maintaining stability and reliability in the gas distribution system.
