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.
Missouri Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a legal document that pertains to gas balancing agreements in the state of Missouri. This exhibit is an essential part of the operating agreement for gas producers and stakeholders in the region. It outlines specific terms and conditions regarding gas balancing activities and serves as a guide for maintaining a fair and efficient gas supply system. The Missouri Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a comprehensive document that covers various aspects of gas balancing within the state. It includes provisions for gas measurement and metering, allocation of gas production, gas imbalances and adjustments, and procedures for resolving disputes arising from gas imbalances. One type of Missouri Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 focuses on gas measurement and metering. It lays out the standards and requirements for accurately measuring gas volumes, ensuring transparency and accountability among gas producers and operators. This type of exhibit also specifies the responsibilities of each party involved in gas measurement and the procedures for reporting gas measurements. Another type of Missouri Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 deals with gas production allocation. This exhibit outlines how gas volumes should be allocated among producers and how any imbalances in gas production should be addressed. It provides guidelines for calculating gas production, determining allocation percentages, and adjusting distribution in the event of imbalances. Furthermore, there may be variations of the Missouri Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 that cater to specific gas balancing scenarios or contractual arrangements. These variations could include provisions for gas balancing during seasonal fluctuations, accounting for different gas reservoirs or wells, or addressing unique circumstances specific to certain gas fields or production areas within the state. In conclusion, the Missouri Exhibit E to Operating Agreement Gas Balancing Agreement — Form 3 is a crucial document for gas producers in the state. It ensures that gas balancing activities are carried out fairly, accurately, and in accordance with industry standards. While there may be different types or variations of this exhibit, they all serve the purpose of maintaining a balanced and efficient gas supply system in Missouri.
