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.
New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document used in the energy industry to establish a framework for gas balancing agreements in the state of New York. This agreement is a crucial component of gas trading and transportation activities, ensuring the efficient and reliable operation of gas pipelines. The Exhibit E to Operating Agreement is a comprehensive document that covers various aspects related to gas balancing, including procedures, responsibilities, and liabilities associated with gas imbalances. It outlines the rights and obligations of the parties involved, typically the gas producer, transporter, and consumer, while providing a detailed roadmap for gas balancing activities. Keywords: New York, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 1, gas balancing, gas pipelines, gas trading, transportation activities, procedures, responsibilities, liabilities, parties involved, gas producer, transporter, consumer, roadmap. Types of New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: 1. Standard Gas Balancing Agreement: This is the most common type of Exhibit E agreement used in the state of New York. It follows the standardized format provided by the regulatory authorities and covers the general guidelines and protocols for gas balancing activities. 2. Modified Gas Balancing Agreement: In some cases, parties may choose to modify the standard template to cater to their specific requirements or unique circumstances. A modified gas balancing agreement would include additional clauses or provisions tailored to address specific needs while still adhering to the regulatory framework. 3. Long-Term Gas Balancing Agreement: This type of agreement is suitable for long-term partnerships or contracts where the parties involved anticipate a continuous and significant gas supply and consumption. It typically covers a longer duration, often spanning several years, and may include more complex terms and conditions to ensure adequate gas balancing for extended periods. 4. Short-Term Gas Balancing Agreement: Unlike long-term agreements, short-term gas balancing agreements are suitable for temporary or transient gas supply arrangements. These agreements are typically used for seasonal gas demands or when temporary adjustments are required due to maintenance or unexpected events. They are usually executed for a limited duration, such as a few weeks or months, and cover the necessary gas balancing measures within that timeframe. By understanding and properly executing New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, companies in the gas industry can ensure smooth and efficient operations while complying with applicable regulations and maintaining a reliable supply of gas to consumers.
