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.
Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that is a crucial part of gas balancing agreements in the state of Kentucky. This exhibit provides detailed information and guidelines regarding gas balancing within the operating agreement of parties involved. It helps in maintaining accurate gas distribution and ensures that each party meets its respective obligations concerning gas production and supply. The Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 contains relevant keywords that aid in understanding its purpose and usage, including: 1. Gas Balancing: Gas balancing refers to the process of ensuring an equal distribution of natural gas among the parties involved. It involves analyzing and adjusting gas production and usage to match the predetermined gas allocations. 2. Operating Agreement: An operating agreement is a legal document that outlines the terms and conditions governing the operations of a specific entity. In this context, it refers to the agreement between relevant parties involved in gas production and distribution. 3. Gas Balancing Agreement: A gas balancing agreement is a contractual arrangement between parties involved in natural gas operations. Its purpose is to establish guidelines and procedures for managing gas imbalances, ensuring fairness and efficiency in gas distribution. 4. Kentucky: Kentucky is a state in the United States known for its significant coal and natural gas production. The Kentucky Exhibit E specifically relates to gas balancing agreements within the state's jurisdiction. Different types of Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist based on variations in the agreement terms, parties involved, and specific gas balancing requirements. However, the form itself remains the same, serving as a template for gas balancing agreements in Kentucky. In conclusion, the Kentucky Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a vital legal document that provides comprehensive guidelines for gas balancing within operating agreements in Kentucky. Its content focuses on gas distribution, obligations, and procedures to achieve fairness and efficiency in gas operations.
