Santa Clara California Exhibit E to Operating Agreement Gas Balancing Agreement - Form 4

State:
Multi-State
County:
Santa Clara
Control #:
US-OG-748
Format:
Word; 
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Description

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.

Santa Clara California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a specific document that plays a crucial role in the gas industry within Santa Clara, California. This exhibit serves as an additional provision to the operating agreement gas balancing agreement, specifying the terms and conditions related to gas balancing activities. Gas balancing agreements are vital for ensuring efficient and effective gas supply and distribution among parties involved in the Santa Clara gas market. The purpose of this exhibit is to outline the responsibilities, procedures, and obligations associated with gas balancing activities within the defined geographical area. The Santa Clara Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may include various types depending on the specific gas balancing requirements and contractual arrangements in place. These types may include: 1. Base Gas Balancing Agreement: This type of agreement formulates the fundamental principles and guidelines for gas balancing activities in Santa Clara. It sets the foundation for future variations and provisions outlined in subsequent exhibit forms. 2. Seasonal Gas Balancing Agreement: In order to account for seasonal demand fluctuations, this type of Exhibit E may establish specific gas balancing provisions tailored for different seasons, such as winter or summer. It allows for adjustments in gas supply and distribution based on anticipated consumer needs during different times of the year. 3. Emergency Gas Balancing Agreement: This type of exhibit is designed to address unforeseen circumstances that may disrupt the normal gas supply and distribution operations. It outlines protocols and actions to be taken during emergencies to ensure the uninterrupted flow of gas and to mitigate any potential risks or disruptions. 4. Renewable Energy Gas Balancing Agreement: With the increasing focus on renewable energy sources, this type of Exhibit E integrates provisions for balancing gas supplies alongside the utilization of renewable energy technologies. It seeks to maintain an optimal balance between conventional gas sources and renewable energy inputs while minimizing environmental impacts. 5. Intercompany Gas Balancing Agreement: When multiple companies are involved in gas supply and distribution within Santa Clara, this type of exhibit establishes the necessary mechanisms and procedures for coordinating gas balancing efforts among the various entities. It ensures seamless cooperation and coordination to maintain a reliable gas supply and distribution system. The Santa Clara California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4, with its various types, plays a crucial role in ensuring a well-regulated, efficient, and reliable gas market in Santa Clara, California. By outlining key obligations and procedures, these exhibits facilitate smooth gas balancing operations and contribute to the overall stability and sustainability of the region's gas industry.

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FAQ

An operating agreement is an agreement for sharing the costs and the rewards of an oil and gas operation. Parties to the agreement are the working interest owners of the leasehold estates in the lands upon which the operations are to be conducted.

A gas imbalance typically occurs as a result of one of three reasons: A working interest (WI) partner chooses to take in kind (TIK), meaning they're taking their share of gas to market, either on their own or with someone other than the operator to gain a more favorable marketing agreement.

Joint operating companies (JOCs) are established pursuant to joint operating agreements (Affiliation Agreements), which typically bring together two or more health care systems (or individual hospitals) to create a jointly governed entity to manage and operate the affiliating providers.

Gas Balance means the difference between the allocated Quantity of Transfer Gas Forward Flow at TTF and the allocated Quantity of Exit Gas or the difference between the allocated Quantity of Entry Gas Reverse Flow at the Entry Point Reverse Flow and the allocated Quantity of Transfer Gas Reverse Flow at TTF.

Related Definitions Take-in-kind means the event when an election is made by an interest owner under lease or joint operating agreement, with not6ice to the affe4cted parties, to separately market or dispose of crude oil natural gas or natural gas products.

The purpose of a joint operating agreement (JOA) is to protect a business from failure, yet prevent monopolization within an industry by allowing each party to retain some form of separate operation. JOAs are used in the newspaper, health care, gas and oil, and other industries.

What is a Gas Balancing Arrangement? A gas balancing arrangement settles the over-use or under-use of a gas well by the various partners who have interests in it. This arrangement is needed when there are two or more partners in a gas well.

A limited liability company operating agreement is a legal contract between LLC business members that clearly defines the organization's structural, operational, managerial and financial details. The agreement includes clear guidelines and protocols for each member to follow.

An Operational Balancing Agreement ("OBA") is a contract between two parties which specifies the procedures to manage operating variances at an interconnection between pipelines.

The Joint Operating Agreements (JOA) is a contractual agreement between two or more parties with shared interests in a tract or leasehold that outlines coordinated exploration, development and production activities in a designated contract area.

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Southern California Permanente Medical Group. 87 "Park Improvements" shall have the meaning set forth in the Parkland Agreement included herewith as Exhibit E.Conditions for Contracts Using ARRA Funds set forth in Exhibit E. Preconstruction Services Contract. EXHIBIT E - ASSIGNMENT OF NATURAL GAS SALES AGREEMENT. OPERATING AGREEMENT. DATED. Under CAISO Operational Control, all pursuant to the Development and Coordination. Best Practices for Landfill Gas Collection System Operation and Maintenance . AAPL Form 610-1989 Model Form Operating Agreement. The form is attached at Exhibit. D3.

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Santa Clara California Exhibit E to Operating Agreement Gas Balancing Agreement - Form 4