This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a vital document used in the energy industry to govern gas balancing arrangements related to operating agreements. This agreement is specifically applicable to gas balancing activities conducted in Bexar County, Texas. Gas balancing agreements are essential to ensure an efficient and equitable distribution of gas production and gas supplies among various parties involved in the operation of natural gas assets. These agreements help in maintaining operational integrity, minimizing imbalances, and optimizing resource utilization. Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a comprehensive and detailed document that specifically addresses the gas balancing requirements of Bexar County, Texas. It outlines the specific terms, conditions, and procedures for gas balancing operations in this region. The content of this exhibit may vary depending on the specific requirements and arrangements of the parties involved. However, some relevant keywords and topics that may be covered in the Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 could include: 1. Gas Balancing Procedures: The agreement will provide a detailed description of the procedures to be followed for gas balancing activities, including nomination, scheduling, measurement, and allocation of gas supplies. 2. Point of Imbalance: This section will identify the specific points or locations where gas imbalances may occur and need to be addressed. 3. Measurement and Reporting: The exhibit will include provisions for accurate measurement and reporting of gas volumes at different locations, such as wellheads, gathering pipelines, and transmission pipelines. 4. Responsibility and Liability: This section will outline the responsibilities and liabilities of the parties involved in gas balancing activities, including the operator, interest owners, and transporters. 5. Tolerance Limits: The exhibit may specify the acceptable tolerance limits for gas imbalances, beyond which penalties or corrective actions may apply. 6. Gas Balancing Statements: This section may outline the format and frequency of gas balancing statements to be submitted by the parties involved, ensuring transparency and accountability. 7. Dispute Resolution: The exhibit may include provisions for resolving disputes related to gas balancing, such as through negotiation, mediation, or arbitration. It's important to note that the specifics of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the unique circumstances and agreements between the parties involved. Therefore, it is essential for all parties to carefully review and tailor the exhibit to suit their specific requirements.Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a vital document used in the energy industry to govern gas balancing arrangements related to operating agreements. This agreement is specifically applicable to gas balancing activities conducted in Bexar County, Texas. Gas balancing agreements are essential to ensure an efficient and equitable distribution of gas production and gas supplies among various parties involved in the operation of natural gas assets. These agreements help in maintaining operational integrity, minimizing imbalances, and optimizing resource utilization. Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a comprehensive and detailed document that specifically addresses the gas balancing requirements of Bexar County, Texas. It outlines the specific terms, conditions, and procedures for gas balancing operations in this region. The content of this exhibit may vary depending on the specific requirements and arrangements of the parties involved. However, some relevant keywords and topics that may be covered in the Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 could include: 1. Gas Balancing Procedures: The agreement will provide a detailed description of the procedures to be followed for gas balancing activities, including nomination, scheduling, measurement, and allocation of gas supplies. 2. Point of Imbalance: This section will identify the specific points or locations where gas imbalances may occur and need to be addressed. 3. Measurement and Reporting: The exhibit will include provisions for accurate measurement and reporting of gas volumes at different locations, such as wellheads, gathering pipelines, and transmission pipelines. 4. Responsibility and Liability: This section will outline the responsibilities and liabilities of the parties involved in gas balancing activities, including the operator, interest owners, and transporters. 5. Tolerance Limits: The exhibit may specify the acceptable tolerance limits for gas imbalances, beyond which penalties or corrective actions may apply. 6. Gas Balancing Statements: This section may outline the format and frequency of gas balancing statements to be submitted by the parties involved, ensuring transparency and accountability. 7. Dispute Resolution: The exhibit may include provisions for resolving disputes related to gas balancing, such as through negotiation, mediation, or arbitration. It's important to note that the specifics of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the unique circumstances and agreements between the parties involved. Therefore, it is essential for all parties to carefully review and tailor the exhibit to suit their specific requirements.
