Travis Texas Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5
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FAQ
PLA means an amount of Crude Oil allocated as a deduction to Receipt Point volumes for the actual evaporation, interface losses, shrink and other normal losses during gathering of Crude Oil under this Agreement, as determined by Gatherer acting as a Reasonable and Prudent Operator.
The Joint Operating Agreement (JOA) in oil and gas industry is an underlying contractual framework of a Joint Venture (JV). The JOA is a contract where two or more parties agree to undertake a common task to explore and exploit an area for hydrocarbons.
Polylactic acid, also known as PLA, is a thermoplastic monomer derived from renewable, organic sources such as corn starch or sugar cane. Using biomass resources makes PLA production different from most plastics, which are produced using fossil fuels through the distillation and polymerization of petroleum.
Joint operating companies (JOCs) are established pursuant to joint operating agreements (Affiliation Agreements), which typically bring together two or more health care systems (or individual hospitals) to create a jointly governed entity to manage and operate the affiliating providers.
Gas balancing helps to keep production of an oil well flexible while still accounting for situations in which a site has over- or underproduced in a given time period, such as a month or quarter, or when one owner has sold more of a share of the gas stream than other owners.
An Operational Balancing Agreement ("OBA") is a contract between two parties which specifies the procedures to manage operating variances at an interconnection between pipelines.
The purpose of a joint operating agreement (JOA) is to protect a business from failure, yet prevent monopolization within an industry by allowing each party to retain some form of separate operation. JOAs are used in the newspaper, health care, gas and oil, and other industries.
What is a Gas Balancing Arrangement? A gas balancing arrangement settles the over-use or under-use of a gas well by the various partners who have interests in it. This arrangement is needed when there are two or more partners in a gas well.
A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.
Joint venture agreement is a special growth strategy between internal and external strategies; it exists where two or more parties combine together to execute an oil & gas transaction and mitigate risk associated with the business.