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.
Chicago is a vibrant city located in the state of Illinois, known for its rich culture, stunning architecture, and diverse population. Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 2 in Chicago Illinois plays a crucial role in ensuring efficient gas balancing operations in the area. It is a detailed document that outlines the terms and conditions for maintaining a balanced supply and demand of natural gas within the designated region. This Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 2 facilitates effective coordination between various stakeholders involved in the gas industry, including gas producers, distributors, and consumers. Its purpose is to establish a framework for gas balancing operations, ensuring a sustainable supply of natural gas to meet the energy demands of the region efficiently. The Chicago Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 has several types or variations, depending on specific requirements and involved parties. These variations may include: 1. Exhibit E — Gas Balancing Agreement between Gas Producers and Distributors: This type focuses on the agreement between gas producers who extract natural gas from the fields and distributors responsible for transporting it to consumers. It outlines the obligations, responsibilities, and procedures to maintain a balanced gas flow. 2. Exhibit E — Gas Balancing Agreement between Distributors and Consumers: This type highlights the agreement between gas distributors and consumers who utilize natural gas for various purposes. It defines the rights and responsibilities of both parties in terms of gas balancing, ensuring a reliable supply to meet consumer needs. 3. Exhibit E — Gas Balancing Agreement between Gas Balancing Authorities: In some cases, there might be multiple gas balancing authorities responsible for different regions within Chicago, Illinois. This type of agreement focuses on ensuring coordination and effective gas balancing operations between these authorities. It defines the procedures for sharing gas resources and managing imbalances across different regions. Overall, the Chicago Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 serves as a crucial legal instrument that enhances the reliability and efficiency of the gas supply chain in the area. By establishing clear guidelines and obligations, it ensures a balanced gas flow, preventing shortages or excesses that can disrupt the energy market.Chicago is a vibrant city located in the state of Illinois, known for its rich culture, stunning architecture, and diverse population. Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 2 in Chicago Illinois plays a crucial role in ensuring efficient gas balancing operations in the area. It is a detailed document that outlines the terms and conditions for maintaining a balanced supply and demand of natural gas within the designated region. This Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 2 facilitates effective coordination between various stakeholders involved in the gas industry, including gas producers, distributors, and consumers. Its purpose is to establish a framework for gas balancing operations, ensuring a sustainable supply of natural gas to meet the energy demands of the region efficiently. The Chicago Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 has several types or variations, depending on specific requirements and involved parties. These variations may include: 1. Exhibit E — Gas Balancing Agreement between Gas Producers and Distributors: This type focuses on the agreement between gas producers who extract natural gas from the fields and distributors responsible for transporting it to consumers. It outlines the obligations, responsibilities, and procedures to maintain a balanced gas flow. 2. Exhibit E — Gas Balancing Agreement between Distributors and Consumers: This type highlights the agreement between gas distributors and consumers who utilize natural gas for various purposes. It defines the rights and responsibilities of both parties in terms of gas balancing, ensuring a reliable supply to meet consumer needs. 3. Exhibit E — Gas Balancing Agreement between Gas Balancing Authorities: In some cases, there might be multiple gas balancing authorities responsible for different regions within Chicago, Illinois. This type of agreement focuses on ensuring coordination and effective gas balancing operations between these authorities. It defines the procedures for sharing gas resources and managing imbalances across different regions. Overall, the Chicago Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 serves as a crucial legal instrument that enhances the reliability and efficiency of the gas supply chain in the area. By establishing clear guidelines and obligations, it ensures a balanced gas flow, preventing shortages or excesses that can disrupt the energy market.
