This operating agreement exhibit states the intent of the Parties that each Party shall have the right to take in kind and separately dispose of its proportionate share of gas (including casinghead gas) produced from each formation in each well located on the acreage (the "Contract Area") covered by the Operating Agreement.
Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that pertains to gas balancing agreements in Guam. This exhibit typically constitutes a detailed description of the parties involved, the terms and conditions, and the gas balancing activities to be carried out. It serves as an addendum or appendix to the operating agreement, specifically addressing the gas balancing aspect. Keywords: 1. Guam: This refers to the location where the gas balancing agreement is being executed. Guam is a U.S. territory in the Western Pacific Ocean known for its beautiful beaches and unique culture. 2. Exhibit E: The designation "Exhibit E" suggests that it is the fifth exhibit or attachment included in the gas balancing agreement. 3. Operating Agreement: This is the primary agreement between the parties involved, outlining various aspects of their business relationship, which may include gas production, transportation, and distribution. 4. Gas Balancing Agreement: Refers to the specific agreement within the operating agreement that addresses the balancing of gas supply and demand. It sets forth the procedures, responsibilities, and liabilities of the parties involved in ensuring a stable and efficient gas supply. 5. Form 3: Indicates that the gas balancing agreement is being executed using a particular form template or format, designated as Form 3. Different types of Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3: 1. Residential Gas Balancing Agreement: This type of exhibit E may be specific to gas balancing agreements related to residential customers or properties on Guam. It outlines the gas balancing procedures for individual households or residential complexes. 2. Commercial Gas Balancing Agreement: This exhibit E is tailored for gas balancing agreements concerning commercial properties, such as businesses, offices, or industrial facilities in Guam. It addresses the unique gas balancing requirements associated with commercial operations. 3. Industrial Gas Balancing Agreement: This type of exhibit E caters to gas balancing agreements relating to large-scale industrial facilities, such as power plants or manufacturing plants, located in Guam. It focuses on the gas balancing needs specific to industrial operations, such as constant energy supply and potential peak loads. 4. Renewable Energy Gas Balancing Agreement: This exhibit E variant is designed explicitly for gas balancing agreements in relation to renewable energy projects in Guam. It addresses the integration of gas balancing activities with renewable energy generation, storage, and distribution systems.
