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.
New Mexico Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legally binding document that specifically pertains to gas industry operations in the state of New Mexico. This agreement serves as an extension or addendum to the primary operating agreement, outlining the terms and conditions related to gas balancing procedures and practices. Keywords: New Mexico, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 4, gas industry operations, terms and conditions, extension, addendum, procedures, practices. Different types of New Mexico Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may include: 1. Gas Balancing Agreement for Natural Gas Wells: This variant of the Form 4 is tailored for gas wells in New Mexico, addressing the unique requirements and considerations associated with natural gas production and balancing procedures. 2. Gas Balancing Agreement for Compressed Natural Gas (CNG) Facilities: This specific version of the Form 4 focuses on gas balancing within CNG facilities in New Mexico. It outlines procedures for balancing compressed natural gas inventory and the obligations of parties involved in the operation and maintenance of such facilities. 3. Gas Balancing Agreement for Pipeline Transportation: This type of Exhibit E to Operating Agreement is designed for gas balancing relating to pipeline transportation in New Mexico. It covers the responsibilities of parties involved in the transportation process, including pipeline operators and gas suppliers, to ensure the efficient balance of gas throughout the pipeline system. 4. Gas Balancing Agreement for Renewable Energy Projects: This variation of the Form 4 addresses gas balancing requirements specifically related to renewable energy projects, such as gas-fired power plants or other facilities that rely on gas for backup or grid stability purposes. It's important to note that the specific types and variations of New Mexico Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may vary depending on industry practices and the specific needs of the parties involved.
