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.
Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a comprehensive document that outlines the terms and conditions regarding gas balancing in Orange, California. This exhibit is a part of the larger operating agreement and provides specific guidelines for gas balancing activities. Gas balancing is a crucial aspect of the natural gas industry, ensuring that gas supply and demand are effectively managed within Orange, California. The agreement helps maintain a stable gas supply and minimizes any disruptions to gas delivery to consumers. The document describes the roles and responsibilities of the parties involved in gas balancing, including gas suppliers, distributors, and other stakeholders. The Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 can vary based on the specific requirements and circumstances of the gas industry in Orange. Different types of this exhibit may include: 1. Gas Balancing Procedures: This section outlines the step-by-step guidelines for gas balancing operations in Orange, California. It covers procedures for monitoring gas supply, calculating imbalances, and ensuring compliance with regulatory standards. 2. Imbalance Resolution: This section focuses on resolving imbalances between gas supply and demand. It defines the processes for managing over-deliveries or under-deliveries and outlines the penalties or incentives associated with imbalances. 3. Balancing Mechanisms: This part of the exhibit describes the various mechanisms for balancing gas supply, such as pipeline injections, withdrawals, or storage options. It provides the necessary framework for adjusting gas flows and maintaining system integrity. 4. Reporting and Communication: This section details the reporting requirements for gas balancing activities, including frequency, format, and specific information to be included in the reports. It also establishes communication protocols between the parties involved to ensure efficient coordination. 5. Dispute Resolution: In the event of any disagreements or disputes related to gas balancing, this section outlines the procedures for resolving such matters. It may involve mediation, arbitration, or other dispute resolution mechanisms to achieve a fair and satisfactory outcome. Overall, the Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 plays a vital role in ensuring the smooth and efficient operation of the gas industry in Orange. It establishes clear guidelines and procedures, promotes accountability, and facilitates effective communication among gas stakeholders.Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a comprehensive document that outlines the terms and conditions regarding gas balancing in Orange, California. This exhibit is a part of the larger operating agreement and provides specific guidelines for gas balancing activities. Gas balancing is a crucial aspect of the natural gas industry, ensuring that gas supply and demand are effectively managed within Orange, California. The agreement helps maintain a stable gas supply and minimizes any disruptions to gas delivery to consumers. The document describes the roles and responsibilities of the parties involved in gas balancing, including gas suppliers, distributors, and other stakeholders. The Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 can vary based on the specific requirements and circumstances of the gas industry in Orange. Different types of this exhibit may include: 1. Gas Balancing Procedures: This section outlines the step-by-step guidelines for gas balancing operations in Orange, California. It covers procedures for monitoring gas supply, calculating imbalances, and ensuring compliance with regulatory standards. 2. Imbalance Resolution: This section focuses on resolving imbalances between gas supply and demand. It defines the processes for managing over-deliveries or under-deliveries and outlines the penalties or incentives associated with imbalances. 3. Balancing Mechanisms: This part of the exhibit describes the various mechanisms for balancing gas supply, such as pipeline injections, withdrawals, or storage options. It provides the necessary framework for adjusting gas flows and maintaining system integrity. 4. Reporting and Communication: This section details the reporting requirements for gas balancing activities, including frequency, format, and specific information to be included in the reports. It also establishes communication protocols between the parties involved to ensure efficient coordination. 5. Dispute Resolution: In the event of any disagreements or disputes related to gas balancing, this section outlines the procedures for resolving such matters. It may involve mediation, arbitration, or other dispute resolution mechanisms to achieve a fair and satisfactory outcome. Overall, the Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 plays a vital role in ensuring the smooth and efficient operation of the gas industry in Orange. It establishes clear guidelines and procedures, promotes accountability, and facilitates effective communication among gas stakeholders.
