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 Diego, California is a vibrant and diverse city located on the coast of Southern California. Known for its beautiful beaches, warm climate, and thriving culture, it attracts millions of visitors each year. Beyond its natural beauty, San Diego is also home to various industries, including a significant focus on the energy sector. Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legally binding document related to the gas balancing agreements in San Diego. It plays a crucial role in regulating the distribution and balancing of gas resources within the region. Outlined below are different types or aspects of San Diego California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: 1. Gas Balancing Agreement: This agreement establishes the terms and conditions for the balancing of gas resources in San Diego. It addresses the responsibilities of the parties involved and ensures efficient distribution and supply of gas. 2. Operating Agreement: The operating agreement serves as the foundation for the gas balancing agreement. It outlines the rights and obligations of the parties involved and provides a framework for gas operations in San Diego. 3. Exhibit E: Exhibit E is a specific section or appendix within the operating agreement that deals with gas balancing. It contains detailed provisions, procedures, and guidelines specific to gas balancing in San Diego. 4. Gas Distribution: The gas balancing agreement regulates the distribution of gas resources in San Diego. It ensures a fair and equitable allocation of gas among the parties involved, such as gas suppliers, transporters, and consumers. 5. Operational Procedures: Exhibit E of the operating agreement entails comprehensive operational procedures for gas balancing. It may contain information on measurement and verification methods, scheduling, penalties for imbalances, and dispute resolution processes. 6. Compliance: This section of the gas balancing agreement specifies the compliance requirements, ensuring all parties adhere to relevant laws, regulations, and industry standards regarding the efficient and reliable distribution of gas in San Diego. 7. Environmental Considerations: Gas balancing agreements often include provisions addressing environmental considerations to minimize the impact of gas distribution on the environment and prioritize sustainability. This may include measures for gas leak detection, emission reduction, or promoting renewable energy alternatives. The San Diego California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a critical document in the energy sector, aiming to establish fair and efficient gas distribution practices while considering environmental sustainability. It serves as a guideline for the parties involved in the gas industry, promoting collaboration and transparency to ensure a reliable supply of gas in San Diego.
