This operating agreement exhibit is used in the event any party is not able to take its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which is unable at any time while the Operating Agreement is in effect to take the share of gas attributable to the interest of the party.
Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a document that is specific to gas balancing agreements within the state of Massachusetts. This exhibit is a crucial component of the operating agreement governing gas balancing activities among parties involved in natural gas transportation and distribution. The purpose of Massachusetts Exhibit E is to outline the terms and conditions that govern gas balancing activities in Massachusetts, including the balancing of gas supply and demand, allocation of imbalances, penalties for imbalances, gas tolerance levels, notification requirements, and dispute resolution procedures. Keywords: Massachusetts, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 1, gas balancing activities, gas supply and demand, allocation of imbalances, penalties, gas tolerance levels, notification requirements, dispute resolution procedures. Different types of Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist based on specific gas balancing agreements between different parties or organizations within the state. These variations could include: 1. Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Transmission Companies: This variation of the exhibit would focus on gas balancing agreements between transmission companies responsible for the transportation of natural gas within Massachusetts. 2. Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Distribution Companies: This version of the exhibit would cater to gas balancing agreements between distribution companies involved in the delivery of natural gas to end consumers in Massachusetts. 3. Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 for Producers: This type of exhibit would address gas balancing agreements between gas-producing entities and other stakeholders involved in the production and distribution of natural gas within Massachusetts. It is essential to review the specifics of Massachusetts Exhibit E to determine the exact type that governs the gas balancing activities of a particular entity or organization within the state. The exhibit acts as a comprehensive guideline to ensure efficient and fair gas balancing operations among all parties involved in the Massachusetts natural gas industry.
