This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a specific document that is part of the overall Operating Agreement for gas balancing in Kings County, New York. This agreement is crucial for gas producers, operators, and other parties involved in the gas industry. This exhibit, known as Exhibit E, provides important details and guidelines for gas balancing activities within the operating agreement. It outlines the specific terms and conditions that govern the gas balancing process, ensuring fairness and efficiency in the distribution of gas resources. Some relevant keywords for this topic include: 1. Kings County: Kings County, also known as Brooklyn, is one of the five boroughs of New York City. It has a significant presence in the gas industry and is subject to specific gas balancing regulations. 2. Operating Agreement: An operating agreement is a legally binding document that outlines the rights and responsibilities of the parties involved in a business venture. In this case, it focuses on gas balancing activities. 3. Gas Balancing Agreement: A gas balancing agreement is a specific agreement that governs the process of balancing gas supplies and deliveries between gas producers, operators, and other stakeholders. 4. Exhibit E: Exhibit E refers to a section or schedule within the operating agreement. It provides specific details on gas balancing procedures, formulas, and any additional terms or conditions. Different types of Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist depending on the specific gas balancing arrangement or circumstances. These variations could pertain to different gas fields, a change of operators, and updates in regulations or market conditions. In conclusion, Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a crucial document that outlines the gas balancing procedures and guidelines within the operating agreement for gas-related activities in Kings County, New York. It ensures fair distribution and efficient management of gas resources, benefiting all parties involved.Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a specific document that is part of the overall Operating Agreement for gas balancing in Kings County, New York. This agreement is crucial for gas producers, operators, and other parties involved in the gas industry. This exhibit, known as Exhibit E, provides important details and guidelines for gas balancing activities within the operating agreement. It outlines the specific terms and conditions that govern the gas balancing process, ensuring fairness and efficiency in the distribution of gas resources. Some relevant keywords for this topic include: 1. Kings County: Kings County, also known as Brooklyn, is one of the five boroughs of New York City. It has a significant presence in the gas industry and is subject to specific gas balancing regulations. 2. Operating Agreement: An operating agreement is a legally binding document that outlines the rights and responsibilities of the parties involved in a business venture. In this case, it focuses on gas balancing activities. 3. Gas Balancing Agreement: A gas balancing agreement is a specific agreement that governs the process of balancing gas supplies and deliveries between gas producers, operators, and other stakeholders. 4. Exhibit E: Exhibit E refers to a section or schedule within the operating agreement. It provides specific details on gas balancing procedures, formulas, and any additional terms or conditions. Different types of Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist depending on the specific gas balancing arrangement or circumstances. These variations could pertain to different gas fields, a change of operators, and updates in regulations or market conditions. In conclusion, Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a crucial document that outlines the gas balancing procedures and guidelines within the operating agreement for gas-related activities in Kings County, New York. It ensures fair distribution and efficient management of gas resources, benefiting all parties involved.
