This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Guam Exhibit E is a vital component of the Operating Agreement Gas Balancing Agreement — Form 2, which addresses the gas balancing arrangements pertaining to operations in Guam. This exhibit specifies the terms, conditions, and procedures related to gas balancing activities within the region. Operating in Guam can involve various types of gas balancing agreements, each tailored to specific requirements and stakeholders. These agreements may be classified based on factors such as the nature of operations, participating parties, or gas supply sources. Some of these diverse types of Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may include: 1. Offshore Gas Balancing Agreement: This type of agreement pertains to gas balancing activities in offshore regions surrounding Guam. It may involve multiple offshore drilling platforms and supply sources. 2. Onshore Gas Balancing Agreement: This agreement focuses on gas balancing operations conducted within Guam's onshore facilities or areas. It outlines procedures and terms specific to onshore gas supply and infrastructure. 3. Joint Venture Gas Balancing Agreement: In cases where multiple companies collaborate on gas exploration or distribution projects in Guam, a joint venture gas balancing agreement is established. This agreement outlines the gas balancing arrangements between the participating parties. 4. Exclusive Gas Balancing Agreement: This type of agreement is specific to a single gas supplier or producer operating in Guam. It details the gas balancing procedures and requirements for the exclusive supplier. 5. Pipeline Gas Balancing Agreement: When gas supply and distribution involve extensive pipeline networks in Guam, a pipeline gas balancing agreement is formulated. This agreement addresses the gas balancing procedures and terms related to the pipeline system. The aforementioned types of Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 highlight the diversity and complexity of gas balancing arrangements in the region. These agreements play a crucial role in maintaining the stability and smooth functioning of gas operations, ensuring efficient supply and distribution while complying with regulatory requirements.
