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.
Salt Lake City, Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions related to gas balancing activities in the Salt Lake City area. This exhibit is a significant component of the overall operating agreement and provides essential details on gas balancing procedures, responsibilities, and obligations for parties involved. The Salt Lake City Gas Balancing Agreement is designed to ensure smooth and efficient gas operations within the state of Utah, particularly focusing on the Salt Lake City area. Gas balancing is a critical process that involves monitoring and adjusting gas supply and demand to maintain system reliability and meet customer needs. Key aspects addressed in the Salt Lake City Exhibit E include: 1. Gas Balancing Procedures: This section outlines the specific procedures and methodologies used to manage gas balancing activities in the Salt Lake City region. It includes details on monitoring gas flows, measuring gas volumes, and calculating imbalances between supply and demand. 2. Responsibilities of Parties: The exhibit clearly defines the responsibilities of each party involved in the gas balancing process. This may include the gas supplier, pipeline operator, and end-user consumers. The exhibit highlights the obligations regarding reporting gas imbalances, resolving discrepancies, and maintaining accurate records. 3. Measurement and Reporting: The Salt Lake City Exhibit E specifies the required gas metering equipment, measurement standards, and reporting formats. It ensures that accurate and consistent data is collected for effective gas balancing and invoicing purposes. 4. Dispute Resolution: In case of any disputes or disagreements, the exhibit provides guidelines for resolving such matters. It may outline the steps to follow, the involvement of third-party mediators, or the escalation process to higher authorities if necessary. Some possible variations or different types of Salt Lake City Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 could include the inclusion of specific amendments or additions, changes in gas balancing procedures based on evolving industry standards, or variations tailored to the needs of specific gas operators in Salt Lake City. Overall, the Salt Lake City Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 represents a crucial legal document that ensures efficient and reliable gas operations within the Salt Lake City area. It establishes clear guidelines, responsibilities, and procedures to maintain balance in gas supply and demand, ultimately benefiting both gas suppliers and consumers in the region.Salt Lake City, Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions related to gas balancing activities in the Salt Lake City area. This exhibit is a significant component of the overall operating agreement and provides essential details on gas balancing procedures, responsibilities, and obligations for parties involved. The Salt Lake City Gas Balancing Agreement is designed to ensure smooth and efficient gas operations within the state of Utah, particularly focusing on the Salt Lake City area. Gas balancing is a critical process that involves monitoring and adjusting gas supply and demand to maintain system reliability and meet customer needs. Key aspects addressed in the Salt Lake City Exhibit E include: 1. Gas Balancing Procedures: This section outlines the specific procedures and methodologies used to manage gas balancing activities in the Salt Lake City region. It includes details on monitoring gas flows, measuring gas volumes, and calculating imbalances between supply and demand. 2. Responsibilities of Parties: The exhibit clearly defines the responsibilities of each party involved in the gas balancing process. This may include the gas supplier, pipeline operator, and end-user consumers. The exhibit highlights the obligations regarding reporting gas imbalances, resolving discrepancies, and maintaining accurate records. 3. Measurement and Reporting: The Salt Lake City Exhibit E specifies the required gas metering equipment, measurement standards, and reporting formats. It ensures that accurate and consistent data is collected for effective gas balancing and invoicing purposes. 4. Dispute Resolution: In case of any disputes or disagreements, the exhibit provides guidelines for resolving such matters. It may outline the steps to follow, the involvement of third-party mediators, or the escalation process to higher authorities if necessary. Some possible variations or different types of Salt Lake City Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 could include the inclusion of specific amendments or additions, changes in gas balancing procedures based on evolving industry standards, or variations tailored to the needs of specific gas operators in Salt Lake City. Overall, the Salt Lake City Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 represents a crucial legal document that ensures efficient and reliable gas operations within the Salt Lake City area. It establishes clear guidelines, responsibilities, and procedures to maintain balance in gas supply and demand, ultimately benefiting both gas suppliers and consumers in the region.
