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.
Travis Texas Exhibit E refers to a specific section or attachment in an operating agreement known as the Gas Balancing Agreement — Form 1. This agreement is employed in the energy industry, specifically in the context of gas balancing. The Gas Balancing Agreement is a legal document that defines the rights, responsibilities, and procedures related to gas balancing between parties involved in the production, transportation, and distribution of natural gas. It ensures that all parties maintain an equal balance of gas quantities based on agreed-upon specifications. The Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 provides a detailed description of the specific terms and conditions applicable to gas balancing activities in the Travis Texas area. This exhibit is designed to cater to the unique requirements and characteristics of gas operations in this particular location. It's essential to note that there might be multiple versions or variations of the Travis Texas Exhibit E, depending on the specific operating agreement and the parties involved. Different iterations may exist to address different contractual arrangements, market conditions, or regulatory frameworks. These variations could include Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1A, Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1B, and so on. These distinct versions provide tailored guidelines and provisions to address the diverse needs of gas balancing in Travis Texas. In summary, the Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is an integral part of gas balancing agreements in Travis Texas. It outlines the specific terms and conditions related to gas balancing operations, ensuring a fair distribution and accurate measurement of natural gas quantities. The exhibit may have different variations to cater to the unique context and requirements of the Travis Texas area.Travis Texas Exhibit E refers to a specific section or attachment in an operating agreement known as the Gas Balancing Agreement — Form 1. This agreement is employed in the energy industry, specifically in the context of gas balancing. The Gas Balancing Agreement is a legal document that defines the rights, responsibilities, and procedures related to gas balancing between parties involved in the production, transportation, and distribution of natural gas. It ensures that all parties maintain an equal balance of gas quantities based on agreed-upon specifications. The Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 provides a detailed description of the specific terms and conditions applicable to gas balancing activities in the Travis Texas area. This exhibit is designed to cater to the unique requirements and characteristics of gas operations in this particular location. It's essential to note that there might be multiple versions or variations of the Travis Texas Exhibit E, depending on the specific operating agreement and the parties involved. Different iterations may exist to address different contractual arrangements, market conditions, or regulatory frameworks. These variations could include Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1A, Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1B, and so on. These distinct versions provide tailored guidelines and provisions to address the diverse needs of gas balancing in Travis Texas. In summary, the Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is an integral part of gas balancing agreements in Travis Texas. It outlines the specific terms and conditions related to gas balancing operations, ensuring a fair distribution and accurate measurement of natural gas quantities. The exhibit may have different variations to cater to the unique context and requirements of the Travis Texas area.
