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.
Sacramento, California, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the terms and conditions for gas balancing agreements in Sacramento, California. This agreement serves as an integral part of the operating agreement between parties involved in gas production, distribution, and balancing. Gas balancing agreements are crucial in maintaining a balanced supply and demand of natural gas in the specified region. By ensuring that gas flows are regulated efficiently, these agreements help in avoiding shortages, disruptions, and unnecessary costs related to gas delivery. The Sacramento, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 generally includes detailed provisions related to gas balancing mechanisms, responsibilities of each party involved, measurement and verification procedures, penalties, and dispute resolution processes. The purpose is to establish a clear framework for gas balancing to maintain operational smoothness and avoid any potential market disruptions. Different types of Sacramento, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist, depending on the specific arrangement and requirements of the parties involved. These agreements can vary in terms of duration, scope, and specific gas balancing methods utilized. Some common variations may include: 1. Short-term Balancing Agreement: A gas balancing agreement with a relatively short duration, typically covering a specific period such as a month or a specific project. 2. Long-term Balancing Agreement: In contrast to short-term agreements, long-term agreements cover an extended period of time, often several years. These agreements provide stability and ensure long-term balance within the gas supply chain. 3. Proportional Balancing Agreement: This type of agreement establishes a proportional distribution of gas among multiple parties involved in gas production, transmission, or distribution. It ensures fair allocation and promotes collaboration among stakeholders. 4. Swing Agreement: A swing agreement allows for flexibility in gas deliveries, particularly when there is uncertainty in demand or supply. It enables adjustments to be made based on fluctuating market conditions, thereby maintaining an optimal balance. These are some of the variations that can exist under the Sacramento, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. The specific type of agreement will depend on the context, needs, and preferences of the parties involved in the gas industry in Sacramento, California.Sacramento, California, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the terms and conditions for gas balancing agreements in Sacramento, California. This agreement serves as an integral part of the operating agreement between parties involved in gas production, distribution, and balancing. Gas balancing agreements are crucial in maintaining a balanced supply and demand of natural gas in the specified region. By ensuring that gas flows are regulated efficiently, these agreements help in avoiding shortages, disruptions, and unnecessary costs related to gas delivery. The Sacramento, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 generally includes detailed provisions related to gas balancing mechanisms, responsibilities of each party involved, measurement and verification procedures, penalties, and dispute resolution processes. The purpose is to establish a clear framework for gas balancing to maintain operational smoothness and avoid any potential market disruptions. Different types of Sacramento, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist, depending on the specific arrangement and requirements of the parties involved. These agreements can vary in terms of duration, scope, and specific gas balancing methods utilized. Some common variations may include: 1. Short-term Balancing Agreement: A gas balancing agreement with a relatively short duration, typically covering a specific period such as a month or a specific project. 2. Long-term Balancing Agreement: In contrast to short-term agreements, long-term agreements cover an extended period of time, often several years. These agreements provide stability and ensure long-term balance within the gas supply chain. 3. Proportional Balancing Agreement: This type of agreement establishes a proportional distribution of gas among multiple parties involved in gas production, transmission, or distribution. It ensures fair allocation and promotes collaboration among stakeholders. 4. Swing Agreement: A swing agreement allows for flexibility in gas deliveries, particularly when there is uncertainty in demand or supply. It enables adjustments to be made based on fluctuating market conditions, thereby maintaining an optimal balance. These are some of the variations that can exist under the Sacramento, California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. The specific type of agreement will depend on the context, needs, and preferences of the parties involved in the gas industry in Sacramento, California.
