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.
Indiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legally binding document commonly used in the gas industry in Indiana. It outlines the terms and conditions for gas balancing between the parties involved in operating agreements. The purpose of this exhibit is to establish guidelines for resolving any discrepancies in the gas balancing process to ensure fair and accurate measurements are maintained. Keywords: Indiana, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 3, gas industry, terms and conditions, discrepancies, measurements. There are various types of Indiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, with each tailored to specific requirements and circumstances. Here are some different variations: 1. Indiana Exhibit E to Operating Agreement Gas Balancing Agreement for Producer-Consumer Partnership: This type of exhibit E is used in situations where both the gas producer and consumer are parties to the operating agreement. It defines the responsibilities and procedures for gas balancing between the two parties involved. 2. Indiana Exhibit E to Operating Agreement Gas Balancing Agreement for Fractional Ownership: In cases where multiple owners or parties share fractional ownership of a gas well or facility, this type of exhibit E establishes regulations for gas balancing, taking into account the proportional ownership interests of each party. 3. Indiana Exhibit E to Operating Agreement Gas Balancing Agreement with Third-Party Transporter: When a third-party transporter is involved in the gas supply chain, such as a pipeline operator, this exhibit E outlines the gas balancing procedures, including the roles and responsibilities of each party, to ensure accurate measurement and fair distribution of gas. 4. Indiana Exhibit E to Operating Agreement Gas Balancing Agreement for Interstate Gas Transfer: In situations involving interstate gas transfers, where gas is being transported across state borders, this exhibit E specifies the terms and conditions for gas balancing, compliance with federal regulations, and coordination between parties to ensure seamless gas flow. Regardless of the specific type of Indiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3, the document aims to maintain accuracy, transparency, and fairness in gas balancing operations while adhering to the legal requirements of the state of Indiana.
