Balancing Agreement Definition

The terms and conditions of the Elering residual agreement, approved by the competition authority, are attached to the balance sheet agreement. The sale of gas in the current natural gas sales environment can lead labor interest owners to become unbalanced with their share of gas in a favorable tank. To combat this phenomenon, several gas equalization agreements, currently in service in the industry, have been drafted; However, many of these agreements do not adequately address practical technical problems to solve practical technical problems related to the compensation of gas production. Among these problems is the balancing of condensate production. These problems include balancing condensate production with gas production, owner production and balancing gas production, the imbalance of owners at the time of acquisition or sale, and the appointment and allocation of pipelines and buyers. This paper addresses these compensation issues and proposes practical solutions that can be incorporated into a standard gas equalization agreement. There is a model of agreement in Appendix A. There may be different types of gas imbalances. B, for example, between construction and pipeline owners and buyers.

This article deals only with the gas imbalances that occur between the owners of interests who work in a manufacturing property. property. Introduction The term “operational balancing agreement” (OBA) is an agreement whereby a party whose facilities connect to Texas Gas assumes responsibility for any difference between appointments and actual physical flow when connecting with Texas Gas. Gas imbalances arise when an owner does not receive his proportionate share of gas production relative to his proportionate share of gas production relative to his interests. An overproduced owner is an interest holder who has sold more than his proportionate share of gas production; A sub-produced portion sold less than its proportional share of production. For example, take a proportional share of production. Assuming that the owners of work interests, A and B, each hold a 50% interest in a manufactured property. The holder of the operating interests A does not have a gas contract and B sells all the gas produced by the property. Owner A is a by-product and owner B is the property.

Owner A is a by-product and owner B is overproduced. Currently, gas imbalances between labour interest owners in the oil and gas industry are widespread. The obvious gas equalization situations requiring an engineer`s attention include planning the flow of gas between shared connections and/or multiple buyers, appointments and allocations of gas production between buyers, and the timing of processing imbalances.