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.
San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legally binding document that outlines the terms and conditions related to gas balancing in the San Antonio area. This exhibit specifically pertains to the operating agreement between parties involved in gas operations and aims to ensure proper management of gas resources. Keywords: San Antonio, Texas, exhibit E, operating agreement, gas balancing agreement, Form 3. In San Antonio, Texas, gas companies and entities involved in gas operations often enter into operating agreements to regulate the production, transportation, and distribution of gas. Within these agreements, the gas balancing agreement is a critical component that helps maintain equilibrium in gas delivery and consumption. Exhibit E to the operating agreement contains detailed information about the gas balancing provisions, which are crucial for effective management of gas supplies, ensuring constant availability, and preventing any imbalances that may disrupt operations. This exhibit clarifies the responsibilities and obligations of the parties involved, as well as the procedures for gas balancing. There may be different types of San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, depending on the specific conditions and requirements of the gas operations being regulated. These variations could include specific provisions for different gas reservoirs, pipelines, or contractual agreements in the San Antonio area. Regardless of the variations, the exhibit commonly covers key aspects such as: 1. Gas Balancing Methods: This section outlines the strategies and methodologies employed to maintain a balance between gas production and consumption. It may include details on nomination procedures, contract terms, gas quality specifications, and measurement standards. 2. Measurement and Reporting: The agreement defines the measurement methods, instruments, and units to be used in calculating gas quantities. It also specifies reporting requirements such as frequency, format, and recipients of production, transportation, and consumption data. 3. Balancing Administration: This section describes the responsibilities of the balancing administrator, who ensures compliance with gas balancing regulations and resolves any discrepancies. It establishes the mechanisms for data exchange, reporting, and dispute resolution. 4. Imbalances and Penalties: The agreement sets forth the consequences of imbalances between nominated and delivered gas quantities, including penalties or fees that may be imposed on the responsible party. It may also outline provisions for balancing make-up or cash-out procedures to address any imbalances. 5. Force Mature and Termination: This section addresses instances where circumstances beyond the parties' control may disrupt gas balancing operations, such as natural disasters or emergencies. It also includes provisions for terminating the agreement under certain conditions. The specific types of San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may vary depending on the unique characteristics and specifications of the gas operations involved. Gas companies, producers, pipeline operators, and regulatory bodies tailor these agreements to suit their specific needs while ensuring compliance with applicable laws and regulations.San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legally binding document that outlines the terms and conditions related to gas balancing in the San Antonio area. This exhibit specifically pertains to the operating agreement between parties involved in gas operations and aims to ensure proper management of gas resources. Keywords: San Antonio, Texas, exhibit E, operating agreement, gas balancing agreement, Form 3. In San Antonio, Texas, gas companies and entities involved in gas operations often enter into operating agreements to regulate the production, transportation, and distribution of gas. Within these agreements, the gas balancing agreement is a critical component that helps maintain equilibrium in gas delivery and consumption. Exhibit E to the operating agreement contains detailed information about the gas balancing provisions, which are crucial for effective management of gas supplies, ensuring constant availability, and preventing any imbalances that may disrupt operations. This exhibit clarifies the responsibilities and obligations of the parties involved, as well as the procedures for gas balancing. There may be different types of San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, depending on the specific conditions and requirements of the gas operations being regulated. These variations could include specific provisions for different gas reservoirs, pipelines, or contractual agreements in the San Antonio area. Regardless of the variations, the exhibit commonly covers key aspects such as: 1. Gas Balancing Methods: This section outlines the strategies and methodologies employed to maintain a balance between gas production and consumption. It may include details on nomination procedures, contract terms, gas quality specifications, and measurement standards. 2. Measurement and Reporting: The agreement defines the measurement methods, instruments, and units to be used in calculating gas quantities. It also specifies reporting requirements such as frequency, format, and recipients of production, transportation, and consumption data. 3. Balancing Administration: This section describes the responsibilities of the balancing administrator, who ensures compliance with gas balancing regulations and resolves any discrepancies. It establishes the mechanisms for data exchange, reporting, and dispute resolution. 4. Imbalances and Penalties: The agreement sets forth the consequences of imbalances between nominated and delivered gas quantities, including penalties or fees that may be imposed on the responsible party. It may also outline provisions for balancing make-up or cash-out procedures to address any imbalances. 5. Force Mature and Termination: This section addresses instances where circumstances beyond the parties' control may disrupt gas balancing operations, such as natural disasters or emergencies. It also includes provisions for terminating the agreement under certain conditions. The specific types of San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 may vary depending on the unique characteristics and specifications of the gas operations involved. Gas companies, producers, pipeline operators, and regulatory bodies tailor these agreements to suit their specific needs while ensuring compliance with applicable laws and regulations.
