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.
Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines specific terms and conditions related to gas balancing arrangements in Wake County, North Carolina. This agreement serves as an appendix to the operating agreement and provides detailed instructions regarding gas balancing procedures and obligations between parties involved in gas production and transportation. The Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is designed to ensure a proper balance between the amount of gas produced and the amount of gas transported to various locations within Wake County. It aims to establish guidelines and responsibilities for gas balancing, which helps maintain the integrity and efficiency of gas production and distribution networks. The agreement establishes clear procedures for measuring, monitoring, and reporting gas quantities at different points along the distribution network in Wake County. It defines specific terms like "production point" and "delivery point" to establish accurate accounting and ensure appropriate gas balancing throughout the network. One type of Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 could pertain to gas balancing between gas producers and distributors within Wake County. This type of agreement would outline the obligations and responsibilities of both parties in maintaining the required gas balance and addressing any discrepancies that may arise during gas transportation. Another type of Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 could focus on gas balancing arrangements between gas producers and end-users within Wake County. This agreement would establish guidelines for maintaining a proper balance between gas production and consumption, ensuring that end-users receive an adequate and uninterrupted gas supply. In summary, the Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a crucial legal document that regulates gas balancing arrangements within Wake County. It ensures the efficient and reliable distribution of gas by outlining the responsibilities and procedures involved in maintaining the required gas balance among gas producers, distributors, and end-users.Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that outlines specific terms and conditions related to gas balancing arrangements in Wake County, North Carolina. This agreement serves as an appendix to the operating agreement and provides detailed instructions regarding gas balancing procedures and obligations between parties involved in gas production and transportation. The Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is designed to ensure a proper balance between the amount of gas produced and the amount of gas transported to various locations within Wake County. It aims to establish guidelines and responsibilities for gas balancing, which helps maintain the integrity and efficiency of gas production and distribution networks. The agreement establishes clear procedures for measuring, monitoring, and reporting gas quantities at different points along the distribution network in Wake County. It defines specific terms like "production point" and "delivery point" to establish accurate accounting and ensure appropriate gas balancing throughout the network. One type of Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 could pertain to gas balancing between gas producers and distributors within Wake County. This type of agreement would outline the obligations and responsibilities of both parties in maintaining the required gas balance and addressing any discrepancies that may arise during gas transportation. Another type of Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 could focus on gas balancing arrangements between gas producers and end-users within Wake County. This agreement would establish guidelines for maintaining a proper balance between gas production and consumption, ensuring that end-users receive an adequate and uninterrupted gas supply. In summary, the Wake North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a crucial legal document that regulates gas balancing arrangements within Wake County. It ensures the efficient and reliable distribution of gas by outlining the responsibilities and procedures involved in maintaining the required gas balance among gas producers, distributors, and end-users.
