Wayne Michigan Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5
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How to fill out Exhibit E To Operating Agreement Gas Balancing Agreement - Form 5?
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FAQ
A gas imbalance typically occurs as a result of one of three reasons: A working interest (WI) partner chooses to take in kind (TIK), meaning they're taking their share of gas to market, either on their own or with someone other than the operator to gain a more favorable marketing agreement.
An Operational Balancing Agreement ("OBA") is a contract between two parties which specifies the procedures to manage operating variances at an interconnection between pipelines.
Joint operation means a general partnership, joint venture, or other similar business organization in which the members are jointly and severally liable for the obligations of the organization.
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.
Related Definitions Take-in-kind means the event when an election is made by an interest owner under lease or joint operating agreement, with not6ice to the affe4cted parties, to separately market or dispose of crude oil natural gas or natural gas products.
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.
The Joint Operating Agreements (JOA) is a contractual agreement between two or more parties with shared interests in a tract or leasehold that outlines coordinated exploration, development and production activities in a designated contract area.
Typically, participating agreements between healthcare providers and payers include requirements for a Joint Operating Committee (JOC) meeting, as an opportunity to address and resolve contractual and relational issues between the parties.
Gas Balance means the difference between the allocated Quantity of Transfer Gas Forward Flow at TTF and the allocated Quantity of Exit Gas or the difference between the allocated Quantity of Entry Gas Reverse Flow at the Entry Point Reverse Flow and the allocated Quantity of Transfer Gas Reverse Flow at TTF.
The Joint Operating Agreements (JOA) is a contractual agreement between two or more parties with shared interests in a tract or leasehold that outlines coordinated exploration, development and production activities in a designated contract area.