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.
San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document related to gas balancing in the energy sector. This agreement outlines the terms and conditions that govern the gas balancing activities between parties involved in operating agreements. The purpose of Exhibit E is to provide a comprehensive framework for the gas balancing operations, ensuring efficient and fair distribution of gas resources among the parties involved. This agreement sets out the obligations, responsibilities, and rights of each party in relation to gas balancing. Key terms and concepts related to Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 include: 1. Gas Balancing: The act of adjusting and equalizing gas quantities to maintain the integrity and stability of the gas network system. 2. Operating Agreement: A legal contract that defines the agreement between multiple parties involved in the production, transportation, and distribution of gas. 3. Exhibit E: A specific section within the Operating Agreement which addresses gas balancing activities, responsibilities, and procedures. 4. Gas Balancing Agreement: A written contract that stipulates the terms, conditions, and protocols for gas balancing operations. 5. Form 4: Refers to a specific standardized template or format for presenting Exhibit E within the Operating Agreement. It's important to note that there might not be different types of San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4, as the use of "Form 4" suggests a standardized template or version used in the industry. However, different companies or parties may customize this exhibit to suit their specific requirements, resulting in slight variations in wording, procedures, or additional clauses. In conclusion, San Antonio, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legally binding contract that outlines the gas balancing obligations and procedures between parties involved in operating agreements. It ensures fair distribution and maintenance of gas resources for efficient operation of the gas network system.
