Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Kings
• 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. Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a vital document in the field of energy production and distribution. It serves as a comprehensive contract between parties involved in gas balancing operations in the Kings New York area. This agreement primarily focuses on the management and allocation of gas quantities within the gas distribution network. The purpose of this agreement is to maintain a balance between supply and demand while ensuring efficient operations and fair distribution. The terms and conditions outlined in the Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 encompass various aspects of gas balancing, including: 1. Gas Quantity Determination: This agreement defines the methods and procedures for measuring, calculating, and verifying gas quantities. It specifies the responsibilities of each party involved in reporting and confirming these quantities accurately. 2. Imbalance Charges: The gas balancing agreement addresses the resolution of imbalances between supplied and consumed gas quantities. It outlines the methodology for calculating and imposing charges for any imbalances detected within the distribution system. 3. Gas Balancing Actions: It describes the actions that parties need to take to rectify imbalances, such as scheduling gas deliveries, curtailment, temporary swaps, and other corrective measures. These actions are crucial for maintaining the stability and reliability of the gas distribution system. 4. Metering and Measurement: The agreement includes specifications for metering equipment used to measure gas quantities at various points in the distribution network. It sets forth the standard practices for testing, calibrating, and maintaining the accuracy of these meters. 5. Dispute Resolution: In cases of disputes or disagreements between parties, the agreement establishes a framework for resolving such issues through negotiation, mediation, or arbitration. This ensures that any conflicts regarding gas balancing operations can be addressed promptly and fairly. Different types or variations of Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 may exist based on specific contractual arrangements or additional addendums. These variations might include additional clauses addressing regional gas infrastructure, emergency protocols, force majeure provisions, or any other customized terms to meet the unique requirements of the Kings New York region. In summary, the Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial contractual document that sets the guidelines for gas balancing operations in Kings New York. It ensures the efficient management and allocation of gas quantities while providing a framework for dispute resolution, reliable metering, and fair imposition of imbalance charges.

Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a vital document in the field of energy production and distribution. It serves as a comprehensive contract between parties involved in gas balancing operations in the Kings New York area. This agreement primarily focuses on the management and allocation of gas quantities within the gas distribution network. The purpose of this agreement is to maintain a balance between supply and demand while ensuring efficient operations and fair distribution. The terms and conditions outlined in the Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 encompass various aspects of gas balancing, including: 1. Gas Quantity Determination: This agreement defines the methods and procedures for measuring, calculating, and verifying gas quantities. It specifies the responsibilities of each party involved in reporting and confirming these quantities accurately. 2. Imbalance Charges: The gas balancing agreement addresses the resolution of imbalances between supplied and consumed gas quantities. It outlines the methodology for calculating and imposing charges for any imbalances detected within the distribution system. 3. Gas Balancing Actions: It describes the actions that parties need to take to rectify imbalances, such as scheduling gas deliveries, curtailment, temporary swaps, and other corrective measures. These actions are crucial for maintaining the stability and reliability of the gas distribution system. 4. Metering and Measurement: The agreement includes specifications for metering equipment used to measure gas quantities at various points in the distribution network. It sets forth the standard practices for testing, calibrating, and maintaining the accuracy of these meters. 5. Dispute Resolution: In cases of disputes or disagreements between parties, the agreement establishes a framework for resolving such issues through negotiation, mediation, or arbitration. This ensures that any conflicts regarding gas balancing operations can be addressed promptly and fairly. Different types or variations of Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 may exist based on specific contractual arrangements or additional addendums. These variations might include additional clauses addressing regional gas infrastructure, emergency protocols, force majeure provisions, or any other customized terms to meet the unique requirements of the Kings New York region. In summary, the Kings New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial contractual document that sets the guidelines for gas balancing operations in Kings New York. It ensures the efficient management and allocation of gas quantities while providing a framework for dispute resolution, reliable metering, and fair imposition of imbalance charges.