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.
San Antonio, Texas, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document pertaining to gas balancing arrangements in the city of San Antonio, Texas. This agreement is commonly used in the oil and gas industry to establish guidelines and procedures for maintaining gas balance within the defined operational boundaries. The purpose of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to outline the specific terms and conditions for gas balancing activities in the San Antonio area. It provides a comprehensive framework that ensures fair and efficient gas distribution and minimizes imbalances between different gas production, transportation, and consumption entities. Key components covered in this exhibit may include: 1. Gas balancing procedures: This section defines the protocols and methodologies for gas balancing, including the measurement, calculation, and reporting of gas quantities. It establishes the responsibilities of all parties involved in the balancing process. 2. Balancing zones: San Antonio, as a vast geographic area, may be divided into different balancing zones to facilitate effective gas balancing. These zones could be defined based on various factors such as gas supply sources, demand centers, or specific infrastructure configurations. 3. Allocation methodologies: This part outlines the methods and formulas used to allocate gas quantities in case of imbalances. The agreement may incorporate practices such as pro rata allocation, daily swing, or contractual provisions negotiated by the parties involved. 4. Balancing penalties and charges: To promote compliance with the gas balancing requirements, specific penalties and charges may be outlined in the exhibit. These penalties may vary depending on the severity and duration of the imbalance, encouraging responsible conduct and adherence to the established guidelines. 5. Dispute resolution: In case of disputes or disagreements related to gas balancing, this section may outline the dispute resolution mechanisms, such as arbitration or mediation, to ensure timely resolutions and maintain the efficient operation of gas distribution. It's important to note that the types of San Antonio, Texas, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 might differ based on individual contractual agreements and negotiations. Variations can occur in terms of specific language, additional provisions, or customization based on the unique needs of the gas suppliers, transporters, and consumers operating in the San Antonio area. Overall, San Antonio, Texas, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 plays a crucial role in establishing clear guidelines and procedures for gas balancing, thereby promoting the smooth and reliable distribution of natural gas in the region while ensuring fairness and accountability among all parties involved.San Antonio, Texas, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document pertaining to gas balancing arrangements in the city of San Antonio, Texas. This agreement is commonly used in the oil and gas industry to establish guidelines and procedures for maintaining gas balance within the defined operational boundaries. The purpose of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is to outline the specific terms and conditions for gas balancing activities in the San Antonio area. It provides a comprehensive framework that ensures fair and efficient gas distribution and minimizes imbalances between different gas production, transportation, and consumption entities. Key components covered in this exhibit may include: 1. Gas balancing procedures: This section defines the protocols and methodologies for gas balancing, including the measurement, calculation, and reporting of gas quantities. It establishes the responsibilities of all parties involved in the balancing process. 2. Balancing zones: San Antonio, as a vast geographic area, may be divided into different balancing zones to facilitate effective gas balancing. These zones could be defined based on various factors such as gas supply sources, demand centers, or specific infrastructure configurations. 3. Allocation methodologies: This part outlines the methods and formulas used to allocate gas quantities in case of imbalances. The agreement may incorporate practices such as pro rata allocation, daily swing, or contractual provisions negotiated by the parties involved. 4. Balancing penalties and charges: To promote compliance with the gas balancing requirements, specific penalties and charges may be outlined in the exhibit. These penalties may vary depending on the severity and duration of the imbalance, encouraging responsible conduct and adherence to the established guidelines. 5. Dispute resolution: In case of disputes or disagreements related to gas balancing, this section may outline the dispute resolution mechanisms, such as arbitration or mediation, to ensure timely resolutions and maintain the efficient operation of gas distribution. It's important to note that the types of San Antonio, Texas, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 might differ based on individual contractual agreements and negotiations. Variations can occur in terms of specific language, additional provisions, or customization based on the unique needs of the gas suppliers, transporters, and consumers operating in the San Antonio area. Overall, San Antonio, Texas, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 plays a crucial role in establishing clear guidelines and procedures for gas balancing, thereby promoting the smooth and reliable distribution of natural gas in the region while ensuring fairness and accountability among all parties involved.
