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.
Lima, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the specific terms and conditions regarding gas balancing between parties involved in joint oil and gas operations in Lima, Arizona. This agreement form is designed to address any imbalances that may occur during the production, transportation, and utilization of natural gas resources. It lays down the groundwork for the fair allocation of gas resources among the participating parties to ensure equitable distribution and avoid disputes. The key keywords related to Lima Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 are: 1Limama, Arizona: Refers to the specific location where the gas balancing agreement is applicable. Lima is a county in Arizona known for its abundant natural gas reserves. 2. Exhibit E: Represents a particular section within the operating agreement that specifically focuses on gas balancing. It provides detailed information and guidelines on how parties will address and resolve any gas imbalances that may arise. 3. Operating Agreement: The broader agreement that governs the joint operations between multiple parties involved in oil and gas exploration and production. The gas balancing agreement, as represented by Exhibit E, is an integral part of this overarching operating agreement. 4. Gas Balancing Agreement: A specific agreement within the operating agreement that deals solely with the management of gas imbalances. It ensures that each party's share of gas production and consumption aligns with their rights and responsibilities as outlined in the operating agreement. 5. Form 4: Possibly refers to a standard template or format used for creating the gas balancing agreement. It denotes the specific version or edition of the form. Different variations or types of Lima Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist based on the specific updates or modifications made over time. These variations may have different edition numbers or may incorporate additional clauses and provisions to adapt to changing regulations and industry practices.Lima, Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the specific terms and conditions regarding gas balancing between parties involved in joint oil and gas operations in Lima, Arizona. This agreement form is designed to address any imbalances that may occur during the production, transportation, and utilization of natural gas resources. It lays down the groundwork for the fair allocation of gas resources among the participating parties to ensure equitable distribution and avoid disputes. The key keywords related to Lima Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 are: 1Limama, Arizona: Refers to the specific location where the gas balancing agreement is applicable. Lima is a county in Arizona known for its abundant natural gas reserves. 2. Exhibit E: Represents a particular section within the operating agreement that specifically focuses on gas balancing. It provides detailed information and guidelines on how parties will address and resolve any gas imbalances that may arise. 3. Operating Agreement: The broader agreement that governs the joint operations between multiple parties involved in oil and gas exploration and production. The gas balancing agreement, as represented by Exhibit E, is an integral part of this overarching operating agreement. 4. Gas Balancing Agreement: A specific agreement within the operating agreement that deals solely with the management of gas imbalances. It ensures that each party's share of gas production and consumption aligns with their rights and responsibilities as outlined in the operating agreement. 5. Form 4: Possibly refers to a standard template or format used for creating the gas balancing agreement. It denotes the specific version or edition of the form. Different variations or types of Lima Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist based on the specific updates or modifications made over time. These variations may have different edition numbers or may incorporate additional clauses and provisions to adapt to changing regulations and industry practices.
