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.
Alabama Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that provides a detailed framework for gas balancing operations and agreements within the state of Alabama. This agreement is an essential component of contractual arrangements between gas suppliers, pipeline operators, and end users. Keywords: Alabama, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 4. In Alabama, gas balancing operations are crucial for ensuring the smooth and efficient flow of natural gas through pipelines, maintaining system integrity, and meeting demand. The Alabama Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 outlines the specific terms and conditions under which gas balancing activities are to be conducted. This agreement typically includes information regarding gas balancing nominations, allocations, imbalances, penalties, reporting obligations, and dispute resolution processes. It is designed to protect the interests of all parties involved and ensure a fair and equitable distribution of gas resources. Types of Alabama Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4: 1. Gas SupplAgreementen— - This type of gas balancing agreement focuses on the relationship between gas suppliers and pipeline operators. It outlines the terms and conditions for supplying gas to the pipeline system, including allocation methods, balancing mechanisms, and penalties for non-compliance. 2. Pipeline Transportation Agreement — This form of the gas balancing agreement addresses the obligations and responsibilities of the pipeline operator in transporting natural gas from supplier to end user. It includes provisions related to gas balancing, nominations, imbalances, and resolution of disputes. 3. End User Agreement — This type of agreement is entered into between the pipeline operator and the end user, such as a power plant or industrial facility. It outlines the terms of gas supply, including gas balancing requirements, usage patterns, penalties for non-compliance, and responsibilities of each party. 4. Interconnection Agreement — This agreement addresses the gas balancing requirements and obligations between two or more pipeline operators who are interconnected. It establishes the terms for exchanging gas, resolving imbalances, coordinating schedules, and avoiding disruptions in the gas supply. It is important for all parties involved in gas balancing agreements in Alabama to carefully review and understand the terms and conditions set forth in the Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4. Compliance with these agreements is crucial for the smooth functioning of the gas distribution system and to avoid costly penalties or disruptions.
