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.
Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the specific terms and conditions for gas balancing agreements within the Travis County area of Texas. Gas balancing agreements are contractual arrangements between parties involved in the extraction, transportation, and distribution of natural gas. These agreements ensure that there is an appropriate balance between the quantity of natural gas produced, transported, and consumed. The Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a specific variant of gas balancing agreement that applies to the Travis County region in Texas. It includes provisions and provisions tailored to the unique characteristics and requirements of this area. The agreement typically covers various aspects such as gas measurement, allocation, scheduling, balancing procedures, penalties for imbalances, dispute resolution, and termination clauses. These provisions are crucial for maintaining the efficient and smooth operation of the gas supply chain in Travis County. The gas balancing agreement may also have different types or variations depending on the specific circumstances or parties involved. For example, there could be agreements for different timeframes, such as short-term or long-term gas balancing agreements. Additionally, there may be variations based on the specific nature of operations, such as agreements for offshore or onshore gas extraction. It's essential to consult with legal experts or professionals knowledgeable in the field to ensure proper understanding and interpretation of the Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3. Furthermore, it is essential for all parties involved to carefully review and negotiate the terms to protect their respective interests and ensure compliance with applicable laws and regulations.Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines the specific terms and conditions for gas balancing agreements within the Travis County area of Texas. Gas balancing agreements are contractual arrangements between parties involved in the extraction, transportation, and distribution of natural gas. These agreements ensure that there is an appropriate balance between the quantity of natural gas produced, transported, and consumed. The Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a specific variant of gas balancing agreement that applies to the Travis County region in Texas. It includes provisions and provisions tailored to the unique characteristics and requirements of this area. The agreement typically covers various aspects such as gas measurement, allocation, scheduling, balancing procedures, penalties for imbalances, dispute resolution, and termination clauses. These provisions are crucial for maintaining the efficient and smooth operation of the gas supply chain in Travis County. The gas balancing agreement may also have different types or variations depending on the specific circumstances or parties involved. For example, there could be agreements for different timeframes, such as short-term or long-term gas balancing agreements. Additionally, there may be variations based on the specific nature of operations, such as agreements for offshore or onshore gas extraction. It's essential to consult with legal experts or professionals knowledgeable in the field to ensure proper understanding and interpretation of the Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3. Furthermore, it is essential for all parties involved to carefully review and negotiate the terms to protect their respective interests and ensure compliance with applicable laws and regulations.
