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Exhibit E to Operating Agreement Gas Balancing Agreement - Form 2

Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement - Form 2

Q: What is an operational balancing agreement for natural gas?

An Operational Balancing Agreement (&quot;OBA&quot;) is a contract between two parties which specifies the procedures to manage operating variances at an interconnection between pipelines.

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

County:

Bronx

Control #:

US-OG-746

Format:

Instant download

Description

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.

Bronx New York is a vibrant borough located in New York City, known for its rich history, diverse population, and cultural significance. It is home to numerous landmarks, attractions, and neighborhoods that make it a highly sought-after destination for residents and tourists alike. Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 refers to a specific document that is a part of the operating agreement for gas balancing in the Bronx, New York area. This agreement is designed to ensure the efficient and fair distribution of gas resources in the region to meet the demands of various stakeholders. The Bronx, being one of the five boroughs that comprise New York City, has a significant need for a gas balancing agreement to manage the supply and demand of gas resources. This balancing agreement outlines the responsibilities, rights, and obligations of the parties involved in the gas distribution process. Different types of Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may include specific agreements for different areas or zones within the Bronx. For example, there might be separate agreements for commercial and residential gas services, each with their own terms and conditions. The Gas Balancing Agreement aims to maintain a consistent supply of gas while preventing any imbalances between the supply and demand in the Bronx area. It typically includes provisions for measuring, monitoring, and adjusting gas flow, as well as guidelines for handling any discrepancies or deviations from the agreed-upon gas allocation. The specific keywords relevant to this topic might include "Bronx New York," "Exhibit E," "Operating Agreement," "Gas Balancing Agreement," "Form 2," "gas distribution," "supply and demand," "gas resources," "gas flow measurement," "gas allocation," and "Bronx neighborhoods." By incorporating these keywords, the content becomes more tailored to the specific subject of the Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2.

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FAQ

The Joint Operating Agreements (JOA) is a contractual agreement between two or more parties with shared interests in a tract or leasehold that outlines coordinated exploration, development and production activities in a designated contract area.

Production Sharing Contract (PSC) is a contractual arrangement for exploration and production of petroleum resources where the contractor undertakes all the financial, technical and operational risks associated with petroleum operation in return for a share of profit oil after payment of royalty, cost and tax oil.

The purpose of a joint operating agreement (JOA) is to protect a business from failure, yet prevent monopolization within an industry by allowing each party to retain some form of separate operation. JOAs are used in the newspaper, health care, gas and oil, and other industries.

The Joint Operating Agreement (JOA) in oil and gas industry is an underlying contractual framework of a Joint Venture (JV). The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons.

Abstract. Production sharing contract (PSC) is an arrangement used in the upstream sector for the exploration and. development of petroleum resources. Several oil producing countries, particularly the developing ones have. adopted it as a contract for the exploration and development of their oil and gas resources.

A system of sharing the resources and profits related to the production of a particular commodity, especially oil (frequently attributive).

An Operational Balancing Agreement ("OBA") is a contract between two parties which specifies the procedures to manage operating variances at an interconnection between pipelines.

1. Production sharing agreement (PSA) is a contract between one or more investors and the government in which rights to prospection, exploration and extraction of mineral resources from a specific area over a specified period of time are determined.

An agreement between the lessee and lessor as to how production will be shared among leases crossed by a production sharing well. Most (but not all) production sharing agreements provide for allocation based on the percentage of the productive lateral crossing each lease.

This Joint Operating Procedure (JOP) prescribes policies, assigns responsibilities, and mandates procedures necessary for management and standardization of Mobile Electric Power Generating Sources (MEPGS) (and systems) utilized by all the Military Services and the Defense Logistics Agency (DLA) worldwide.

More info

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