King Washington Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: King
• 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. King Washington Exhibit E is a crucial component of the Operating Agreement Gas Balancing Agreement — Form 5. This exhibit provides detailed information and guidelines regarding gas balancing agreements in the King Washington area. Gas balancing agreements are essential for ensuring the efficient and reliable management of gas resources in the region. The purpose of King Washington Exhibit E is to establish a framework for gas balancing operations, addressing various aspects such as allocation, imbalances, penalties, and reporting. This exhibit aims to maintain a fair and equitable distribution of natural gas while minimizing any potential imbalances in the system. There are different types of King Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5, each catering to specific needs and circumstances. Some of these variations include: 1. King Washington Exhibit E for Daily Balancing: This type of exhibit focuses on addressing gas imbalances on a daily basis. It outlines the procedures and responsibilities for tracking and resolving imbalances within a 24-hour period. 2. King Washington Exhibit E for Monthly Balancing: This exhibit extends the gas balancing agreement to a monthly timeframe. It provides guidelines on how imbalances should be calculated, reported, and rectified over a monthly period. 3. King Washington Exhibit E for Long-Term Balancing: This type of exhibit is designed for long-term gas balancing agreements. It includes provisions for addressing imbalances over an extended period, such as several years. This exhibit may also incorporate additional clauses related to forecasting, reserves, and potential adjustments to accommodate changing gas demands. 4. King Washington Exhibit E for Emergency Balancing: This variation of the exhibit focuses on addressing emergency situations that may affect gas balancing operations. It outlines the procedures for handling unexpected events, such as natural disasters or sudden disruptions in supply or demand. In summary, King Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial component that establishes the guidelines and procedures for gas balancing operations in the King Washington area. It ensures fair and efficient management of gas resources while minimizing imbalances. The different variations of this exhibit cater to different timeframes and specific circumstances to address the diverse needs of the gas industry in the region.

King Washington Exhibit E is a crucial component of the Operating Agreement Gas Balancing Agreement — Form 5. This exhibit provides detailed information and guidelines regarding gas balancing agreements in the King Washington area. Gas balancing agreements are essential for ensuring the efficient and reliable management of gas resources in the region. The purpose of King Washington Exhibit E is to establish a framework for gas balancing operations, addressing various aspects such as allocation, imbalances, penalties, and reporting. This exhibit aims to maintain a fair and equitable distribution of natural gas while minimizing any potential imbalances in the system. There are different types of King Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5, each catering to specific needs and circumstances. Some of these variations include: 1. King Washington Exhibit E for Daily Balancing: This type of exhibit focuses on addressing gas imbalances on a daily basis. It outlines the procedures and responsibilities for tracking and resolving imbalances within a 24-hour period. 2. King Washington Exhibit E for Monthly Balancing: This exhibit extends the gas balancing agreement to a monthly timeframe. It provides guidelines on how imbalances should be calculated, reported, and rectified over a monthly period. 3. King Washington Exhibit E for Long-Term Balancing: This type of exhibit is designed for long-term gas balancing agreements. It includes provisions for addressing imbalances over an extended period, such as several years. This exhibit may also incorporate additional clauses related to forecasting, reserves, and potential adjustments to accommodate changing gas demands. 4. King Washington Exhibit E for Emergency Balancing: This variation of the exhibit focuses on addressing emergency situations that may affect gas balancing operations. It outlines the procedures for handling unexpected events, such as natural disasters or sudden disruptions in supply or demand. In summary, King Washington Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial component that establishes the guidelines and procedures for gas balancing operations in the King Washington area. It ensures fair and efficient management of gas resources while minimizing imbalances. The different variations of this exhibit cater to different timeframes and specific circumstances to address the diverse needs of the gas industry in the region.