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.
Mecklenburg County, North Carolina, is a populous county located in the southern part of the state. It is home to the city of Charlotte, which serves as the county seat and is the largest city in the state. Mecklenburg County is known for its vibrant economy, rich history, and diverse cultural attractions. One significant aspect of Mecklenburg County's governance is the various agreements that are implemented to regulate specific activities. One such agreement is the Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. This agreement plays a crucial role in ensuring the efficient and equitable distribution of natural gas resources within the county. Gas Balancing Agreement — Form 4, which is a part of Exhibit E to the Operating Agreement, addresses the balancing of gas supplies and distribution among different parties involved in the extraction, transportation, and consumption of natural gas in Mecklenburg County. This agreement serves as a framework governing the allocation and adjustment of gas volumes to maintain consistency in gas distribution and avoid imbalances. Within the Gas Balancing Agreement — Form 4, there may be different types or variations depending on the specific requirements and circumstances. These variations could include: 1. Gas Balancing Agreement for Natural Gas Pipelines: This type of agreement focuses on the balancing of natural gas supply and demand within a pipeline network in Mecklenburg County. It determines the allocation of gas quantities and ensures that each party receives their fair share while considering factors like pipeline capacity, seasonal demand fluctuations, and contractual obligations. 2. Gas Balancing Agreement for Industrial Consumers: This type of agreement primarily caters to large industrial consumers of natural gas in Mecklenburg County. It outlines the methods and procedures for balancing gas supply and demand within the industrial facilities, allowing them to optimize their gas consumption while maintaining the required equilibrium. 3. Gas Balancing Agreement for Residential Consumers: This type of agreement focuses on the balancing of gas supply and demand for residential consumers in Mecklenburg County. It ensures that residential areas receive a consistent and reliable supply of natural gas for heating, cooking, and other domestic purposes, while managing any fluctuations in gas availability and demand. These examples highlight the different types of Mecklenburg County Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 that may exist to regulate gas distribution and consumption within specific sectors or entities. The agreements facilitate fair and efficient utilization of natural gas resources while promoting stability and sustainability within the county's energy infrastructure.
