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.
Nassau, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the terms and conditions between parties involved in gas balancing agreements in Nassau, New York. This agreement governs the maintenance and coordination of gas balance between gas suppliers and operators within the region. The exhibit E to the operating agreement provides a detailed description of the gas balancing procedures, rights, and obligations of the involved parties. It aims to ensure fair and efficient gas supply operations, reducing any imbalances that may occur throughout the process. Keywords that could be associated with Nassau, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 include: 1. Nassau, New York: Refers to the geographical location where the gas balancing agreement is applicable, emphasizing the specific region affected by this agreement. 2. Exhibit E: Indicating that this document is an exhibit to the larger operating agreement, the "E" signifies that it contains specific details related to gas balancing within the agreement. 3. Operating Agreement: The main agreement that governs the overall partnership or collaboration between gas suppliers and operators. 4. Gas Balancing Agreement: The specific agreement that focuses on maintaining gas balance and minimizing imbalances between suppliers and operators in Nassau, New York. 5. Form 3: Indicates that this exhibit has a specific format or template, suggesting that it follows a standardized structure for clarity and consistency. Different types of Nassau, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may include variations based on specific gas suppliers, operators, or additional clauses required to address unique circumstances. However, these variations typically share the same objective of balancing gas supply and minimizing potential disruptions.
