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.
Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a crucial document that plays a significant role in gas balancing agreements for operations in Orange, California. This exhibit serves as an attachment to the operating agreement, outlining specific details and provisions related to gas balancing. Keywords: Orange California, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 4, gas balancing, operations, provisions. Orange California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 provides a comprehensive framework for managing gas balancing activities in Orange, California. This document ensures that the gas supply and consumption among the parties involved in the agreement are maintained in equilibrium, allowing for efficient operations and fair distribution of resources. The specific contents of Orange California Exhibit E may vary depending on the unique requirements of each gas balancing agreement. Different versions or types of Exhibit E may exist to address various scenarios or operational considerations. However, the core elements typically covered in this exhibit include: 1. Gas Balancing Objectives: This section outlines the primary objectives and goals of the gas balancing agreement, such as ensuring accurate measurement, maintaining system integrity, and preventing imbalances. 2. Measurement and Data Reporting: This subsection details the mechanisms for measuring gas flow and obtaining accurate data related to gas consumption and production. It may include protocols for metering, data submission, and the use of advanced technologies for precise measurements. 3. Imbalance Calculation and Settlement: This part specifies how imbalances in gas supply and consumption are calculated and settled between the parties involved. It may outline the methodology for determining the imbalance charges, penalties, or credit adjustments. 4. Operating Procedures: This section provides a detailed description of the operational procedures and protocols to be followed by the parties to maintain gas balancing. It may include guidelines for nominations and scheduling, gas curtailment procedures, and emergency response protocols. 5. Dispute Resolution: This subsection addresses the mechanisms to resolve disputes or disagreements that may arise in the gas balancing process. It may specify the procedure for escalating disputes, appointing arbitrators, and reaching a resolution in a timely manner. 6. Amendments and Termination: This segment outlines the procedure for modifying or terminating the gas balancing agreement. It may include provisions for notice periods, mutual agreement requirements, and the consequences of termination for the parties involved. These are some key aspects typically covered in Orange California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. Each gas balancing agreement may have its specific variation of this exhibit, tailored to the unique needs of the parties and the operational context. It is essential to review and understand the specific content of Exhibit E to ensure compliance and seamless management of gas balancing activities in Orange, California.Orange, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a crucial document that plays a significant role in gas balancing agreements for operations in Orange, California. This exhibit serves as an attachment to the operating agreement, outlining specific details and provisions related to gas balancing. Keywords: Orange California, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 4, gas balancing, operations, provisions. Orange California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 provides a comprehensive framework for managing gas balancing activities in Orange, California. This document ensures that the gas supply and consumption among the parties involved in the agreement are maintained in equilibrium, allowing for efficient operations and fair distribution of resources. The specific contents of Orange California Exhibit E may vary depending on the unique requirements of each gas balancing agreement. Different versions or types of Exhibit E may exist to address various scenarios or operational considerations. However, the core elements typically covered in this exhibit include: 1. Gas Balancing Objectives: This section outlines the primary objectives and goals of the gas balancing agreement, such as ensuring accurate measurement, maintaining system integrity, and preventing imbalances. 2. Measurement and Data Reporting: This subsection details the mechanisms for measuring gas flow and obtaining accurate data related to gas consumption and production. It may include protocols for metering, data submission, and the use of advanced technologies for precise measurements. 3. Imbalance Calculation and Settlement: This part specifies how imbalances in gas supply and consumption are calculated and settled between the parties involved. It may outline the methodology for determining the imbalance charges, penalties, or credit adjustments. 4. Operating Procedures: This section provides a detailed description of the operational procedures and protocols to be followed by the parties to maintain gas balancing. It may include guidelines for nominations and scheduling, gas curtailment procedures, and emergency response protocols. 5. Dispute Resolution: This subsection addresses the mechanisms to resolve disputes or disagreements that may arise in the gas balancing process. It may specify the procedure for escalating disputes, appointing arbitrators, and reaching a resolution in a timely manner. 6. Amendments and Termination: This segment outlines the procedure for modifying or terminating the gas balancing agreement. It may include provisions for notice periods, mutual agreement requirements, and the consequences of termination for the parties involved. These are some key aspects typically covered in Orange California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. Each gas balancing agreement may have its specific variation of this exhibit, tailored to the unique needs of the parties and the operational context. It is essential to review and understand the specific content of Exhibit E to ensure compliance and seamless management of gas balancing activities in Orange, California.
