Louisiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a contractual document specific to gas balancing agreements within the state of Louisiana. This exhibit serves as an attachment to the operating agreement, defining the terms and conditions related to gas balancing arrangements between parties involved in gas production, transportation, and distribution within the state. Keywords: Louisiana, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 5, gas production, transportation, distribution. There are different types of Louisiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5, which may include: 1. Well-Specific Gas Balancing Agreement: This type of exhibit focuses on gas balancing needs to be associated with a particular well or a group of wells within Louisiana. It outlines the procedures and methodologies for measuring gas production, allocation, and subsequent balancing requirements. 2. Regional Gas Balancing Agreement: This exhibit type is broader in scope, covering gas balancing needs for a specific region or area within Louisiana. It provides guidelines for gas producers, operators, and distributors to maintain gas balance within the specified region by ensuring proper measurement, tracking, and reconciliation of gas quantities. 3. Pipeline-Specific Gas Balancing Agreement: This type of exhibit pertains to gas balancing mechanisms related to specific pipelines operating in Louisiana. It outlines the procedures and responsibilities of pipeline operators to manage gas imbalances, including gas injections, withdrawals, and adjustments to maintain overall system integrity and efficiency. 4. Inter-Company Gas Balancing Agreement: This exhibit type is designed for gas balancing arrangements among multiple companies operating within the state of Louisiana. It establishes the framework for gas allocation, measurement, and reconciliation, ensuring fair and equitable distribution of gas among all involved parties. In summary, Louisiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a crucial document that outlines the terms and conditions for gas balancing arrangements within Louisiana. It serves to regulate gas production, transportation, and distribution by defining the methodologies and responsibilities related to maintaining gas quantity balance among parties involved.
Louisiana Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5
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