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

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Harris
• 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. Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial document in the oil and gas industry that outlines the guidelines and procedures for balancing gas quantities in the Harris County region of Texas. This agreement is essential for ensuring fair distribution and accounting of natural gas production among different entities involved in the process. It helps prevent imbalances, interruptions, and disputes in gas supply. The main purpose of Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is to establish a framework whereby gas production and utilization can be effectively managed and accounted for. It sets forth the rights, responsibilities, and obligations of all parties involved, including operators, working interest owners, and royalty owners. Different types of Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 may exist depending on the specific gas fields or geographic areas involved. Some common variations could include: 1. Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Barnett Shale: This type of agreement focuses on gas balancing procedures specific to the Barnett Shale region within Harris County, Texas. It may include specific provisions and considerations for the unique characteristics of this particular gas field. 2. Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Eagle Ford Shale: This agreement type pertains to gas balancing in the Eagle Ford Shale formation within Harris County, Texas. It addresses the specific challenges and requirements associated with extracting natural gas from this particular shale reserve. 3. Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Gulf of Mexico: This variation is designed for gas balancing in offshore areas of Harris County, Texas, located in the Gulf of Mexico. It may involve additional considerations related to offshore drilling, transportation, and distribution of natural gas. In conclusion, Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a critical document that ensures a fair and efficient management of gas production and supply. Its different variations address specific geographic areas or gas fields within Harris County, such as Barnett Shale, Eagle Ford Shale, and the Gulf of Mexico. The agreement is crucial for maintaining smooth operations, mitigating disputes, and ensuring a balanced distribution of natural gas resources.

Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial document in the oil and gas industry that outlines the guidelines and procedures for balancing gas quantities in the Harris County region of Texas. This agreement is essential for ensuring fair distribution and accounting of natural gas production among different entities involved in the process. It helps prevent imbalances, interruptions, and disputes in gas supply. The main purpose of Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is to establish a framework whereby gas production and utilization can be effectively managed and accounted for. It sets forth the rights, responsibilities, and obligations of all parties involved, including operators, working interest owners, and royalty owners. Different types of Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 may exist depending on the specific gas fields or geographic areas involved. Some common variations could include: 1. Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Barnett Shale: This type of agreement focuses on gas balancing procedures specific to the Barnett Shale region within Harris County, Texas. It may include specific provisions and considerations for the unique characteristics of this particular gas field. 2. Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Eagle Ford Shale: This agreement type pertains to gas balancing in the Eagle Ford Shale formation within Harris County, Texas. It addresses the specific challenges and requirements associated with extracting natural gas from this particular shale reserve. 3. Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Gulf of Mexico: This variation is designed for gas balancing in offshore areas of Harris County, Texas, located in the Gulf of Mexico. It may involve additional considerations related to offshore drilling, transportation, and distribution of natural gas. In conclusion, Harris Texas Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a critical document that ensures a fair and efficient management of gas production and supply. Its different variations address specific geographic areas or gas fields within Harris County, such as Barnett Shale, Eagle Ford Shale, and the Gulf of Mexico. The agreement is crucial for maintaining smooth operations, mitigating disputes, and ensuring a balanced distribution of natural gas resources.