This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
Alaska Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the gas balancing agreement specific to operations in Alaska. It provides a detailed framework for managing gas imbalance issues in accordance with the operating agreement. This agreement is crucial for operators in the Alaskan gas industry to ensure fair and efficient gas balancing procedures between parties involved. It addresses issues such as over-delivery or under-delivery of gas volumes, penalties for imbalances, and the calculation of monthly balancing fees. Here are a few types or variations of Alaska Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4: 1. Alaska Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 (Default): This is the standard gas balancing agreement that applies in the absence of any customized provisions. 2. Alaska Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 (Amended): This version includes modifications or amendments made to the default agreement. It may contain additional clauses or revised terms tailored to specific project requirements or unique circumstances. 3. Alaska Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 (Temporary): This type of agreement is designed to address short-term imbalances that may arise due to unforeseen circumstances, such as equipment failure or unexpected supply fluctuations. It outlines temporary measures and protocols to rectify the imbalances until normal operations can be resumed. 4. Alaska Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 (Long-Term): This variation of the gas balancing agreement is suitable for projects with extended durations. It may incorporate provisions for long-term gas balancing strategies, such as the establishment of reserve accounts or alternative balancing mechanisms to handle ongoing imbalances. Operators in the Alaskan gas industry rely on Alaska Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 to maintain a fair and transparent system for gas balancing. It ensures that all parties involved adhere to the agreed-upon protocols and procedures, minimizing the potential for disputes and ensuring the smooth operation of gas asset management in the region.
