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.
Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a vital document that outlines the specific terms and conditions related to gas balancing agreements for the Houston, Texas area. This agreement is typically used in the oil and gas industry to ensure the efficient management and distribution of gas resources. The Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is implemented to address the intricacies of gas balancing procedures, including gas imbalances, measurement discrepancies, and the redistribution of gas volumes among multiple parties. It serves as a legally binding contract between the involved parties and provides a clear framework for resolving any disputes that may arise regarding gas balancing obligations. Keyword variations for this agreement may include: 1. Houston Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2: Referring specifically to the subsection of the operating agreement related to gas balancing in the Houston area. 2. Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2: Signifying the gas balancing agreement segment within the operating agreement applicable to the state of Texas. 3. Houston Texas Operating Agreement Gas Balancing Agreement — Form 2: Highlighting the combination of the location (Houston) and the type of agreement (gas balancing) within the operating agreement. 4. Gas Balancing Agreement — Form 2: Identifying the specific form or template used for gas balancing agreements within the overall operating agreement. 5. Houston Gas Balancing Agreement: Focusing solely on the gas balancing agreement aspect applicable to the Houston area. It's crucial to note that the specific content and provisions outlined within the Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the agreement's parties, gas balancing requirements, and other contextual factors. Professional legal advice should always be sought to ensure compliance with local and industry-specific regulations.Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a vital document that outlines the specific terms and conditions related to gas balancing agreements for the Houston, Texas area. This agreement is typically used in the oil and gas industry to ensure the efficient management and distribution of gas resources. The Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is implemented to address the intricacies of gas balancing procedures, including gas imbalances, measurement discrepancies, and the redistribution of gas volumes among multiple parties. It serves as a legally binding contract between the involved parties and provides a clear framework for resolving any disputes that may arise regarding gas balancing obligations. Keyword variations for this agreement may include: 1. Houston Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2: Referring specifically to the subsection of the operating agreement related to gas balancing in the Houston area. 2. Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2: Signifying the gas balancing agreement segment within the operating agreement applicable to the state of Texas. 3. Houston Texas Operating Agreement Gas Balancing Agreement — Form 2: Highlighting the combination of the location (Houston) and the type of agreement (gas balancing) within the operating agreement. 4. Gas Balancing Agreement — Form 2: Identifying the specific form or template used for gas balancing agreements within the overall operating agreement. 5. Houston Gas Balancing Agreement: Focusing solely on the gas balancing agreement aspect applicable to the Houston area. It's crucial to note that the specific content and provisions outlined within the Houston, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the agreement's parties, gas balancing requirements, and other contextual factors. Professional legal advice should always be sought to ensure compliance with local and industry-specific regulations.
