Dallas Texas Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Dallas
• Control #: US-OG-749
• Format: Word; Rich Text

Description

This operating agreement exhibit is a gas balancing agreement that contains information about ownership and Disposable Production of Gas in kind. Dallas, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 refers to a specific legal document that outlines the gas balancing agreement pertaining to the operations of oil and gas companies in Dallas, Texas. This agreement is an essential aspect of managing gas production, transportation, and distribution activities in the region. The purpose of this exhibit is to provide a detailed description and understanding of the gas balancing agreement, outlining the roles, responsibilities, and terms of all parties involved. It serves as a reference document for companies engaging in gas production and sets the guidelines for maintaining a balanced gas supply and demand in Dallas, Texas. The exhibit typically covers vital components such as gas measurement, allocation, settlement, and adjustment procedures. It defines the methodologies used for gas measurement, the criteria for prioritizing gas supply, and the protocols for resolving imbalances between the producer and the transporter or distributor. Within the realm of Dallas, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5, there may exist different variations or types, including: 1. Standard Exhibit E Gas Balancing Agreement: This is the foundational form of Exhibit E that sets the standard terms and conditions for gas balancing agreements in Dallas, Texas. It outlines the baseline requirements that are common across agreements. 2. Modified Exhibit E Gas Balancing Agreement: In certain cases, parties may negotiate specific modifications or amendments to the standard Exhibit E form, tailored to their unique operational requirements. This type of agreement incorporates tailored provisions while generally adhering to the framework established in the standard form. 3. Long-term Exhibit E Gas Balancing Agreement: Some gas producers and transporters may enter into long-term agreements that extend for multiple years. Long-term agreements provide stability and greater planning certainty, enabling parties to optimize gas production and transportation activities over an extended duration. In conclusion, the Dallas, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial legal document that defines the gas balancing agreement for companies operating in the Dallas, Texas region. It establishes the rules and procedures for gas measurement, allocation, settlement, and imbalance resolution. While there may be variations or modified forms of this exhibit, the objective remains to maintain a balanced gas supply and demand in the region.

Dallas, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 refers to a specific legal document that outlines the gas balancing agreement pertaining to the operations of oil and gas companies in Dallas, Texas. This agreement is an essential aspect of managing gas production, transportation, and distribution activities in the region. The purpose of this exhibit is to provide a detailed description and understanding of the gas balancing agreement, outlining the roles, responsibilities, and terms of all parties involved. It serves as a reference document for companies engaging in gas production and sets the guidelines for maintaining a balanced gas supply and demand in Dallas, Texas. The exhibit typically covers vital components such as gas measurement, allocation, settlement, and adjustment procedures. It defines the methodologies used for gas measurement, the criteria for prioritizing gas supply, and the protocols for resolving imbalances between the producer and the transporter or distributor. Within the realm of Dallas, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5, there may exist different variations or types, including: 1. Standard Exhibit E Gas Balancing Agreement: This is the foundational form of Exhibit E that sets the standard terms and conditions for gas balancing agreements in Dallas, Texas. It outlines the baseline requirements that are common across agreements. 2. Modified Exhibit E Gas Balancing Agreement: In certain cases, parties may negotiate specific modifications or amendments to the standard Exhibit E form, tailored to their unique operational requirements. This type of agreement incorporates tailored provisions while generally adhering to the framework established in the standard form. 3. Long-term Exhibit E Gas Balancing Agreement: Some gas producers and transporters may enter into long-term agreements that extend for multiple years. Long-term agreements provide stability and greater planning certainty, enabling parties to optimize gas production and transportation activities over an extended duration. In conclusion, the Dallas, Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial legal document that defines the gas balancing agreement for companies operating in the Dallas, Texas region. It establishes the rules and procedures for gas measurement, allocation, settlement, and imbalance resolution. While there may be variations or modified forms of this exhibit, the objective remains to maintain a balanced gas supply and demand in the region.