This operating agreement exhibit states the intent of the Parties that each Party shall have the right to take in kind and separately dispose of its proportionate share of gas (including casinghead gas) produced from each formation in each well located on the acreage (the "Contract Area") covered by the Operating Agreement.
Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the terms and conditions for gas balancing in Bexar County, Texas. This agreement is an essential part of any gas operations or production activities undertaken in this area. The purpose of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is to establish the guidelines and procedures for gas balancing between multiple parties involved in gas exploration, extraction, and transportation activities. By signing this agreement, all parties involved agree to follow the outlined procedures to ensure the efficient and fair distribution of gas resources within Bexar County. There may be different types of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, depending on specific circumstances and requirements of the gas operations. These variations can include: 1. Gas Balancing Agreement for Onshore Operations: This type of agreement is specifically designed for gas exploration and production activities that are conducted onshore within Bexar County, Texas. It outlines the responsibilities and obligations of the parties involved in balancing gas supply and demand while considering the local geographical and operational conditions. 2. Gas Balancing Agreement for Offshore Operations: This variation of the agreement is tailored for gas exploration and production activities that take place offshore in Bexar County, Texas. It highlights the unique challenges and considerations faced when balancing gas resources in offshore operations, such as transportation logistics and environmental impact. 3. Gas Balancing Agreement for Joint Ventures: In cases where multiple companies or entities are involved in a joint venture for gas operations in Bexar County, a specialized version of the agreement may be created. This variation outlines the specific responsibilities, profit-sharing arrangements, and decision-making processes for the joint venture. It is crucial for all parties involved in gas operations within Bexar County, Texas, to carefully review and understand the contents of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3. This document serves as a legally binding contract that ensures the fair and efficient distribution of gas resources, safeguarding the interests of all parties involved. Additionally, adherence to local regulations and guidelines is essential to maintain compliance with environmental and safety standards.Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the terms and conditions for gas balancing in Bexar County, Texas. This agreement is an essential part of any gas operations or production activities undertaken in this area. The purpose of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is to establish the guidelines and procedures for gas balancing between multiple parties involved in gas exploration, extraction, and transportation activities. By signing this agreement, all parties involved agree to follow the outlined procedures to ensure the efficient and fair distribution of gas resources within Bexar County. There may be different types of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, depending on specific circumstances and requirements of the gas operations. These variations can include: 1. Gas Balancing Agreement for Onshore Operations: This type of agreement is specifically designed for gas exploration and production activities that are conducted onshore within Bexar County, Texas. It outlines the responsibilities and obligations of the parties involved in balancing gas supply and demand while considering the local geographical and operational conditions. 2. Gas Balancing Agreement for Offshore Operations: This variation of the agreement is tailored for gas exploration and production activities that take place offshore in Bexar County, Texas. It highlights the unique challenges and considerations faced when balancing gas resources in offshore operations, such as transportation logistics and environmental impact. 3. Gas Balancing Agreement for Joint Ventures: In cases where multiple companies or entities are involved in a joint venture for gas operations in Bexar County, a specialized version of the agreement may be created. This variation outlines the specific responsibilities, profit-sharing arrangements, and decision-making processes for the joint venture. It is crucial for all parties involved in gas operations within Bexar County, Texas, to carefully review and understand the contents of Bexar Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3. This document serves as a legally binding contract that ensures the fair and efficient distribution of gas resources, safeguarding the interests of all parties involved. Additionally, adherence to local regulations and guidelines is essential to maintain compliance with environmental and safety standards.
