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.
Salt Lake Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the terms and conditions for gas balancing in the Salt Lake Utah region. This exhibit is an essential part of the Operating Agreement and ensures efficient and effective gas balancing operations in the area. The purpose of this agreement is to maintain the equilibrium of gas supply and demand, ensuring a reliable and uninterrupted flow of gas to consumers in the Salt Lake Utah region. It establishes a framework for gas producers, suppliers, and distributors to collaborate and coordinate their activities for optimal gas balancing. Key elements covered in this exhibit include: 1. Gas Balancing Procedures: This section details the procedures and methodologies that will be followed for gas balancing. It outlines the roles and responsibilities of each party involved and provides guidelines for monitoring and managing gas supplies. 2. Gas Balancing Costs: This section outlines the allocation and sharing of costs associated with gas balancing activities. It specifies how costs will be calculated, billed, and shared among the parties involved in the agreement. 3. Measurement and Data Exchange: This section outlines the requirements for accurate measurement, recording, and reporting of gas flow data. It includes provisions for data sharing, communication protocols, and quality control measures to ensure transparency and reliability in gas balancing operations. 4. Dispute Resolution: In the event of any disputes or disagreements regarding gas balancing, this section outlines the process for resolution, including arbitration or mediation procedures as specified in the Operating Agreement. It is important to note that variations of the Salt Lake Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist, depending on specific agreements and conditions unique to different gas operators or projects in the Salt Lake Utah region. These variations could include additional clauses specific to certain gas fields or infrastructure projects, as well as modifications to existing clauses to accommodate project-specific requirements. By leveraging the Salt Lake Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4, gas operators can ensure efficient utilization of gas resources, reduce supply and demand imbalances, and maintain a stable and reliable gas supply for consumers in the Salt Lake Utah region.Salt Lake Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the terms and conditions for gas balancing in the Salt Lake Utah region. This exhibit is an essential part of the Operating Agreement and ensures efficient and effective gas balancing operations in the area. The purpose of this agreement is to maintain the equilibrium of gas supply and demand, ensuring a reliable and uninterrupted flow of gas to consumers in the Salt Lake Utah region. It establishes a framework for gas producers, suppliers, and distributors to collaborate and coordinate their activities for optimal gas balancing. Key elements covered in this exhibit include: 1. Gas Balancing Procedures: This section details the procedures and methodologies that will be followed for gas balancing. It outlines the roles and responsibilities of each party involved and provides guidelines for monitoring and managing gas supplies. 2. Gas Balancing Costs: This section outlines the allocation and sharing of costs associated with gas balancing activities. It specifies how costs will be calculated, billed, and shared among the parties involved in the agreement. 3. Measurement and Data Exchange: This section outlines the requirements for accurate measurement, recording, and reporting of gas flow data. It includes provisions for data sharing, communication protocols, and quality control measures to ensure transparency and reliability in gas balancing operations. 4. Dispute Resolution: In the event of any disputes or disagreements regarding gas balancing, this section outlines the process for resolution, including arbitration or mediation procedures as specified in the Operating Agreement. It is important to note that variations of the Salt Lake Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist, depending on specific agreements and conditions unique to different gas operators or projects in the Salt Lake Utah region. These variations could include additional clauses specific to certain gas fields or infrastructure projects, as well as modifications to existing clauses to accommodate project-specific requirements. By leveraging the Salt Lake Utah Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4, gas operators can ensure efficient utilization of gas resources, reduce supply and demand imbalances, and maintain a stable and reliable gas supply for consumers in the Salt Lake Utah region.
