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.
Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a specialized document related to gas balancing agreements in Contra Costa County, California. This agreement serves as an important component of gas operations and outlines the terms and conditions for the balancing of gas supplies and demands in the region. In this document, Exhibit E refers to a specific section within the Operating Agreement Gas Balancing Agreement — Form 3. It may include various provisions and details specific to Contra Costa County. The purpose of this exhibit is to provide a detailed understanding of the gas balancing operations within the county and ensure the smooth functioning of gas distribution and management. The Contra Costa California Exhibit E may cover several aspects related to gas balancing, including but not limited to: 1. Gas Supply and Demand: This section specifies the expected gas supply and demand within Contra Costa County. It outlines the provisions for balancing the gas supply with the demand to ensure uninterrupted service to consumers. 2. Balancing Mechanisms: This section describes the mechanisms and procedures utilized for gas balancing in Contra Costa County. It may include details about measurement techniques, allocation methodologies, and balancing tolerance limits. 3. Compliance and Reporting: The exhibit may outline the compliance requirements for gas suppliers and distributors operating in Contra Costa County. It may include reporting obligations, data submission procedures, and adherence to regulatory standards. 4. Dispute Resolution: This section addresses the resolution process for any disputes that may arise between the parties involved in gas balancing operations in Contra Costa County. It may outline the steps for mediation, arbitration, or any other applicable resolution mechanism. 5. Amendments and Termination: This part establishes the provisions for amending the Contra Costa California Exhibit E and the circumstances under which either party can terminate the gas balancing agreement. It may include notice periods, conditions, and procedures for amendment or termination. These are some of the key components that may be addressed within the Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3. It is important to note that the contents and specific provisions can vary depending on the agreement and the negotiable terms between the parties involved.
