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.
Louisiana Exhibit E to Operating Agreement Gas Balancing Agreement - Form 3
Category:
State:
Multi-State
Control #:
US-OG-747
Format:
Word;
Rich Text
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How to fill out Exhibit E To Operating Agreement Gas Balancing Agreement - Form 3?
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In the world of natural gas pipelines, an imbalance is generally defined as the difference between a shipper's deliveries of natural gas into the pipeline system and re-deliveries of the shipper's natural gas off of the system, taking into account fuel used in pipeline operations and lost and unaccounted for gas. Natural Gas Pipeline Imbalances - Locke Lord lockelord.com ? events ? files ? fileattachment lockelord.com ? events ? files ? fileattachment
Similarly, producers and interconnected pipelines may experience variations in day-to-day delivery volumes from amounts forecast or contracted for. Balancing is a technique used throughout the industry to allow parties to manage day-to-day fluctuations in deliveries and/or receipts.
Gas balancing information provides a combination of actual sales and production prorated to each investor with historically retained entitlements calculated and prorated based on DOI and total production. Balancing statement printable by production interest and may be consolidated by seller groups.
The oil and gas industry perpetually seems rife with uncertainty and a potential volatility. Between rising and diminishing consumer demand, price fluctuations, and of course, geopolitical issues where one global supplier or another threatens to cut off supplies, every day holds surprises and risks.
???????????????????Gas balancing rules (BAL NC) ensure that injections into and withdrawals from the transmission network are managed efficiently by network users. Network users cause imbalances by injecting less or more gas at entry points than what they withdraw at exit points.