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.
Suffolk, New York is a county located on Long Island, one of the most populated and vibrant areas in the state. It is known for its diverse communities, picturesque landscapes, and rich history. Suffolk County encompasses a wide range of attractions and amenities, making it an ideal place to live, work, and explore. One significant aspect of Suffolk County is its gas balancing agreement, specifically highlighted in Exhibit E of the Operating Agreement. The gas balancing agreement is a legal document that outlines the terms and conditions regarding the balance of gas supplies and demands within the region. It ensures a smooth and efficient flow of natural gas to meet the energy needs of the Suffolk community. Form 4 is a specific type of gas balancing agreement under Exhibit E to the Operating Agreement. It serves as a standardized template that outlines the specific terms, responsibilities, and obligations of the participating parties involved in the gas balancing process. Form 4 may vary depending on the specific needs and requirements of the gas supply and demand stakeholders. The Suffolk County gas balancing agreement, including Form 4, plays a crucial role in maintaining an equilibrium between gas production, distribution, and consumption. It ensures that gas resources are utilized efficiently, avoiding shortages or surpluses that could negatively impact the community and its economy. The gas balancing agreement addresses various key aspects, including gas allocation, measurement, accounting, and financial settlements. It establishes the procedures and protocols for monitoring gas flows, calculating imbalances, and resolving any discrepancies that may arise. By implementing an effective gas balancing agreement, Suffolk County can enhance the reliability and stability of its gas supply, minimizing the risk of shortages or disruptions. This not only benefits residential and commercial consumers but also supports local industries and economic growth. In conclusion, the Suffolk New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a vital component of the energy infrastructure of Suffolk County. It ensures a fair and efficient distribution of natural gas, balancing supply and demand to meet the needs of the community. The agreement plays a significant role in the sustainable development and economic prosperity of the county.Suffolk, New York is a county located on Long Island, one of the most populated and vibrant areas in the state. It is known for its diverse communities, picturesque landscapes, and rich history. Suffolk County encompasses a wide range of attractions and amenities, making it an ideal place to live, work, and explore. One significant aspect of Suffolk County is its gas balancing agreement, specifically highlighted in Exhibit E of the Operating Agreement. The gas balancing agreement is a legal document that outlines the terms and conditions regarding the balance of gas supplies and demands within the region. It ensures a smooth and efficient flow of natural gas to meet the energy needs of the Suffolk community. Form 4 is a specific type of gas balancing agreement under Exhibit E to the Operating Agreement. It serves as a standardized template that outlines the specific terms, responsibilities, and obligations of the participating parties involved in the gas balancing process. Form 4 may vary depending on the specific needs and requirements of the gas supply and demand stakeholders. The Suffolk County gas balancing agreement, including Form 4, plays a crucial role in maintaining an equilibrium between gas production, distribution, and consumption. It ensures that gas resources are utilized efficiently, avoiding shortages or surpluses that could negatively impact the community and its economy. The gas balancing agreement addresses various key aspects, including gas allocation, measurement, accounting, and financial settlements. It establishes the procedures and protocols for monitoring gas flows, calculating imbalances, and resolving any discrepancies that may arise. By implementing an effective gas balancing agreement, Suffolk County can enhance the reliability and stability of its gas supply, minimizing the risk of shortages or disruptions. This not only benefits residential and commercial consumers but also supports local industries and economic growth. In conclusion, the Suffolk New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a vital component of the energy infrastructure of Suffolk County. It ensures a fair and efficient distribution of natural gas, balancing supply and demand to meet the needs of the community. The agreement plays a significant role in the sustainable development and economic prosperity of the county.
