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.
Philadelphia, Pennsylvania is a city rich in history, diversity, and cultural significance. Known as the birthplace of American democracy, Philadelphia played a crucial role in shaping the United States as we know it today. This vibrant city is home to numerous iconic landmarks, world-class museums, delicious cuisine, and a thriving arts scene. The Philadelphia Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that pertains to gas balancing agreements in the city. Gas balancing agreements are contracts between parties involved in the extraction, transportation, and distribution of natural gas. It outlines the terms and conditions regarding the balancing of gas supply and consumption, ensuring equitable distribution among all parties. Within the realm of Philadelphia Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4, there may be different types depending on the specific parties involved or the purpose of the agreement. These may include: 1. Gas Balancing Agreement for Utility Companies: This type of agreement may be tailored to the needs of utility companies operating in Philadelphia, ensuring a fair and balanced distribution of gas supply to meet the demands of residential and commercial customers. 2. Gas Balancing Agreement for Gas Extraction Companies: Gas extraction companies operating in the Philadelphia region may enter into this type of agreement to establish guidelines and responsibilities for balancing gas supply and consumption, as well as addressing issues such as production optimization and cost-sharing mechanisms. 3. Gas Balancing Agreement for Pipeline Operators: Pipeline operators play a crucial role in transporting natural gas from production sites to end consumers. A specific type of agreement may be dedicated to establishing gas balancing terms and regulations for these operators in Philadelphia, ensuring smooth and efficient transportation while minimizing gas imbalances. Regardless of the specific type, the Philadelphia Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 serves as a legally binding contract that outlines the obligations, rights, and responsibilities of all parties involved in the gas industry within the city. It aims to ensure fair distribution, optimal utilization, and efficient management of gas resources to support the energy needs of Philadelphia and its surrounding areas.
