gas-balancing agreement

gas-balancing agreement. Oil & gas. A contract among owners of the production of a gas well to balance pro-duction if one owner sells more of the gas stream than the other owners do. “Gas balancing agreements address the problem of imbalances in production from a gas well or field. Co-owners frequently sell their share of […]

Oil & gas. A contract among owners of the production of a gas well to balance pro-duction if one owner sells more of the gas stream than the other owners do.