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.
Phoenix, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that pertains to the management and regulation of gas balancing activities in Phoenix, Arizona. This agreement is an essential part of operating agreements in the gas industry and ensures that gas supplies are effectively distributed and balanced among participating parties. The Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 in Phoenix, Arizona outlines the specific terms, conditions, and procedures involved in gas balancing activities. It serves as a reference to guide gas operators, suppliers, and other involved parties in the region to adhere to standardized protocols and maintain the overall balance of gas supply and demand. Key terms and concepts related to this exhibit include: 1. Gas Balancing Agreement: This agreement establishes the framework for managing the physical imbalances and variations in supply and demand for natural gas. 2. Operating Agreement: This overarching contract outlines the rights, responsibilities, and obligations of the parties involved in the production, transportation, and distribution of the gas. 3. Exhibit E: This specific exhibit is dedicated to gas balancing activities and contains detailed provisions on how imbalances are measured, reported, and rectified. 4. Gas Balancing: Gas balancing refers to the process of adjusting gas supply to match demand, ensuring that the volume of natural gas injected into the system is balanced with the volume withdrawn. 5. Gas Balancing Coordinator: A designated party responsible for monitoring and coordinating gas balancing activities among multiple parties within Phoenix, Arizona. Different types or versions of the Phoenix, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may exist, depending on the evolving regulations, industry standards, and specific contractual requirements. These variations may arise from amendments, updates, or modifications to the original form to accommodate changing gas market dynamics, technological advancements, or regulatory compliance. It is crucial for the involved parties to carefully review and understand the specific provisions outlined in the Phoenix, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 to ensure compliance, legal protection, and efficient gas operations.Phoenix, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that pertains to the management and regulation of gas balancing activities in Phoenix, Arizona. This agreement is an essential part of operating agreements in the gas industry and ensures that gas supplies are effectively distributed and balanced among participating parties. The Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 in Phoenix, Arizona outlines the specific terms, conditions, and procedures involved in gas balancing activities. It serves as a reference to guide gas operators, suppliers, and other involved parties in the region to adhere to standardized protocols and maintain the overall balance of gas supply and demand. Key terms and concepts related to this exhibit include: 1. Gas Balancing Agreement: This agreement establishes the framework for managing the physical imbalances and variations in supply and demand for natural gas. 2. Operating Agreement: This overarching contract outlines the rights, responsibilities, and obligations of the parties involved in the production, transportation, and distribution of the gas. 3. Exhibit E: This specific exhibit is dedicated to gas balancing activities and contains detailed provisions on how imbalances are measured, reported, and rectified. 4. Gas Balancing: Gas balancing refers to the process of adjusting gas supply to match demand, ensuring that the volume of natural gas injected into the system is balanced with the volume withdrawn. 5. Gas Balancing Coordinator: A designated party responsible for monitoring and coordinating gas balancing activities among multiple parties within Phoenix, Arizona. Different types or versions of the Phoenix, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may exist, depending on the evolving regulations, industry standards, and specific contractual requirements. These variations may arise from amendments, updates, or modifications to the original form to accommodate changing gas market dynamics, technological advancements, or regulatory compliance. It is crucial for the involved parties to carefully review and understand the specific provisions outlined in the Phoenix, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 to ensure compliance, legal protection, and efficient gas operations.
