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.
Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 serves as a crucial document for gas balancing activities in the Wake North Carolina area. This agreement outlines the terms, conditions, and procedures for managing the gas balance between parties involved in gas production, transmission, and distribution within Wake County, North Carolina. The purpose of this agreement is to ensure equitable and efficient gas distribution while maintaining the integrity and reliability of the gas supply network. It provides a framework for gas balancing activities and establishes the rights, responsibilities, and obligations of the parties involved. The Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 encompasses various types, based on specific requirements and circumstances. Some notable variations include: 1. Balancing Agreement for Gas Suppliers: This type of agreement pertains to the gas suppliers operating in Wake County, North Carolina. It outlines the procedures for balancing the gas supply among multiple suppliers to maintain adequate and uninterrupted gas distribution to end consumers. 2. Balancing Agreement for Transmission Companies: This particular agreement is designed for transmission companies responsible for transporting gas from production fields to distribution networks. It determines the gas balancing procedures to ensure smooth and efficient transmission, minimizing discrepancies and optimizing gas flow. 3. Balancing Agreement for Distribution Companies: Distribution companies, which manage the final delivery of gas to consumers, have specific obligations outlined in this agreement. It covers the balancing procedures at the distribution level, focusing on maintaining a consistent gas supply across the network and addressing any imbalances promptly. 4. Balancing Agreement for End Consumers: This agreement type revolves around the gas balancing requirements of end consumers in Wake County, North Carolina. It outlines the responsibilities and obligations of consumers regarding timely payments, consumption patterns, and adherence to gas usage regulations to maintain overall system balance. The Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a comprehensive document that facilitates seamless gas balancing and coordination among the involved entities in Wake County, North Carolina. It promotes a reliable and resilient gas supply system, ensuring uninterrupted gas service for residential, commercial, and industrial users in the region.Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 serves as a crucial document for gas balancing activities in the Wake North Carolina area. This agreement outlines the terms, conditions, and procedures for managing the gas balance between parties involved in gas production, transmission, and distribution within Wake County, North Carolina. The purpose of this agreement is to ensure equitable and efficient gas distribution while maintaining the integrity and reliability of the gas supply network. It provides a framework for gas balancing activities and establishes the rights, responsibilities, and obligations of the parties involved. The Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 encompasses various types, based on specific requirements and circumstances. Some notable variations include: 1. Balancing Agreement for Gas Suppliers: This type of agreement pertains to the gas suppliers operating in Wake County, North Carolina. It outlines the procedures for balancing the gas supply among multiple suppliers to maintain adequate and uninterrupted gas distribution to end consumers. 2. Balancing Agreement for Transmission Companies: This particular agreement is designed for transmission companies responsible for transporting gas from production fields to distribution networks. It determines the gas balancing procedures to ensure smooth and efficient transmission, minimizing discrepancies and optimizing gas flow. 3. Balancing Agreement for Distribution Companies: Distribution companies, which manage the final delivery of gas to consumers, have specific obligations outlined in this agreement. It covers the balancing procedures at the distribution level, focusing on maintaining a consistent gas supply across the network and addressing any imbalances promptly. 4. Balancing Agreement for End Consumers: This agreement type revolves around the gas balancing requirements of end consumers in Wake County, North Carolina. It outlines the responsibilities and obligations of consumers regarding timely payments, consumption patterns, and adherence to gas usage regulations to maintain overall system balance. The Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a comprehensive document that facilitates seamless gas balancing and coordination among the involved entities in Wake County, North Carolina. It promotes a reliable and resilient gas supply system, ensuring uninterrupted gas service for residential, commercial, and industrial users in the region.
