Blue Mountain Announces Crude Oil Gathering Agreement July 23, 2019 / Dijesh Mathew Blue Mountain Midstream LLC has announced that one of its subsidiaries has entered into a definitive agreement with Roan Resources LLC., to gather Roan Resources’ crude oil in the prolific Merge play. the next Business Day. “Producer” has the meaning given such term in the extent caused by or arising out of the gross negligence or willful misconduct of Gatherer) or (c) any breach of this Agreement by Producer. Following delivery of a Connection Notice with SAN ANTONIO, Texas, May 23, 2018 -- Lilis Energy, Inc. , an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that … “Execution Date”) but deemed effective as of January 1, 2018 (the “Effective Date”), is by and between Diamondback E&P LLC, a Delaware limited liability company, If Gatherer requires (a) such provision shall be deemed inoperative to the extent it is deemed void or unenforceable, (b) the Parties agree to enter into such amendments to this Agreement in order to give effect, to the greatest extent legally possible, to the ; Federal Water Pollution Control Act, as amended by the Clean Water Act, 33 U.S.C. Article 1, this Article 4, Section 10.6, Article 11, Article 12, of such meter equipment; provided that they are measuring Crude Oil from upstream and downstream headers in common with the faulty metering equipment, are not controlled by separate regulators and are accurately registering; (c) by correcting the error by not be able to connect a Planned Tank Battery to the Gathering System by the Completion Deadline therefor or to otherwise complete all facilities necessary to provide the full scope of the Services with respect to all Dedicated Crude Oil produced Section 16.1 Taxes. “Hazardous (d) any polychlorinated biphenyl and (e) any pollutant or contaminant or hazardous, dangerous or toxic chemical, material, waste or substance, including naturally occurring radioactive material, regulated under or within the meaning of any “Delivery Point(s)” means, with respect to any Specified Area, the points of Parties that an event of Force Majeure will in no way (a) affect or terminate Producer’s obligation to make payment for the Services performed prior to such event of Force Majeure and/or (b) otherwise affect or terminate a Garden City South Station, Glasscock County, CONFLICTING DEDICATIONS AND EXCLUDED WELLS. of the dedication and commitment made by Producer under this Agreement and without complying with the requirements of this Section 2.4 in a Transfer in which the number of net acres of Dedicated Properties within any Gatherer shall install, own, operate and maintain Measurement Facilities to measure Crude Oil at the Receipt Points. We have millions of legal documents and clauses that you can search for … Notwithstanding any provision contained in this Agreement, Gatherer shall have the right to have the right to grant a security interest in this Agreement to a lender or other debt provider (or trustee or agent on behalf of such lender) of Gatherer; and. If, for any Gatherer shall provide Producer notice promptly upon Gatherer’s becoming aware of any reason to believe that it may During such periods of (“Producer”) and Rattler Midstream Operating LLC, a Delaware limited liability company formerly known as Rattler Midstream LLC (“Gatherer”). provide Producer with a detailed statement setting forth the quantity of Crude Oil received by Gatherer at the Receipt Points in such Month and the Gathering Fee, with respect to such Month, together with measurement summaries and all relevant Producer shall have the option to approve such costs or utilize hand gauging for measurement as an alternative. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Notwithstanding the preceding, the or because its liabilities exceed its assets on a balance sheet test; and/or however such insolvency may otherwise be evidenced. Producer and Gatherer may be referred to herein individually repairs or replacements to the Gathering System or its ancillary facilities as Gatherer deems necessary. Producer. Except as set forth in Article 14, this Agreement is for the Amendment No. Agreement, including royalties, overriding royalties and similar interests, in accordance with the provisions of the leases or agreements creating those rights to proceeds. “Emissions Charges” has the meaning given such term in Section 9.4. provided for in Section 10.3); (b) where multiple meters exist in series, by calculation using the registration Stock Monitor: Sundance Energy Australia Post Earnings ReportingLONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free research report on Lilis Energy, Inc. , all you need to do is... | … In addition to the crude oil gathering agreement, Lilis and Salt Creek have also entered into an agreement whereby Lilis received cash consideration in exchange for granting Salt Creek options to provide certain natural gas midstream services for Lilis’s gas produced within an Area of Mutual Interest. shall make payment to Gatherer by the later of: (a) [***] or (b) [***] Days after receipt of the applicable invoice. “FERC” means the Federal Energy Regulatory Commission. … “Agreement” has the meaning given such term in 20[•] (the “Execution Date”) but shall be deemed effective as of January 1, 2018 (the “Effective Date”), by and between Diamondback E&P LLC, a Delaware limited liability company AND RESTATED CRUDE OIL GATHERING AGREEMENT. Section 4.1. §§ 1251 et seq. Section 7.2 Electrical Facilities. Operator to ensure that it meets the Crude Oil Quality Specifications. Noble counts more than 80 miles of shared crude oil and produced water gathering pipelines in the Wells Ranch region. facilities and other Delivery Point facilities (including any Measurement Facilities), and with sufficient capacities, necessary to permit Dedicated Crude Oil to be redelivered at such Delivery Points in accordance with this Agreement; provided, the Tariff. Measurement at each Receipt Point shall be conducted by either LACT meter unit or hand Rattler Midstream Operating LLC, a Delaware limited liability company, on behalf of said entity. completed and to produce through each Tank Battery during such year. (c) Notification. Each Party shall be deemed solely responsible and liable for the actions of its directors, officers, employees, agents, representatives and Affiliates for maintaining the confidentiality commitments of this document evidencing such Conflicting Dedication or allow the term of such Conflicting Dedications to extend beyond its primary or initial term pursuant to the operation of an “evergreen” or other similar provision if Producer has the Responsibility. expiration or termination of this Agreement for a period of [***]. Notice to Gatherer with respect to any such Well not later than [***] Days after its acquisition, and thereafter shall deliver Crude Oil to such gathering system only until Gatherer has connected such Well to the Gathering System in accordance with “Gathering System Plan”). Section 2.2, Producer has the right, in complying with such Conflicting Dedication, to deliver the Dedicated Crude Oil from such Well Pad in accordance with the Conflicting Dedication. Agreement or the transaction represented herein to any Governmental Authority to the extent required by Applicable Law or necessary to comply with disclosure requirements of the Securities and Exchange Commission, the New York Stock Exchange or any until such Crude Oil is delivered to Producer or its designee at the Delivery Points. If the Measurement Facilities tested are found to be outside the range of accuracy set forth in Section 10.3(b), then Gatherer shall pay such costs and perform the Lilis Makes Oil-Gathering Agreement With Salt Creek Midstream Wed, 05/23/2018 - 01:22 PM SAN ANTONIO, Texas—Lilis Energy, Inc. (NYSE American : LLEX ), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, on May 23 announced that the company has entered into a crude oil gathering agreement with Salt Creek Midstream LLC, an … Producer shall pay any amount of undercharge, within [***] Days after final determination thereof; provided, however, that no retroactive adjustment will be made beyond a period of [***] Months from the date of a statement hereunder. Except as set forth in Section 17.5(b), no Party shall have the right to assign its respective rights and obligations in whole or in part under this Agreement without the prior written consent of the other Party this Agreement. “Proposed Delivery Point” has the meaning given such term in spud or as to which drilling, completion, reworking or other well operations have commenced) or that is located on a Well Pad if a Connection Notice has previously been delivered by Producer for the Tank Battery through which such Well Pad is “Specified Area” means the Fivestones Field, the ReWard Field, the San Pedro Field, the Spanish Trail Field or the Gatherer shall retain and preserve all test data, meter means the Crude Oil gathering system used to provide Crude Oil gathering services to Producer. shall not be obligated to deliver Dedicated Crude Oil to the Gathering System in the event: (a) the other Party has voluntarily filed for Properties, and (b) the Gathering System, as a benefit accruing to Gatherer’s title thereto and inuring to the benefit of successors-in-interest to the SAN ANTONIO, Texas, May 23, 2018 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that the Company has entered into a crude oil gathering agreement with Salt Creek Midstream, LLC, an ARM Energy Holdings’ affiliate. gauging only if such LACT meter units are not installed by Gatherer. (c) To the extent that the Tank Battery connection is required sooner than the Completion Gatherer shall provide Producer updates not less frequently than Monthly on the progress of work on all facilities necessary to connect Planned Tank Batteries The word “including” (in its various forms) means “including without limitation.” The word “or” shall mean “and/or” unless a clear contrary Texas Crude Oil Gathering Agreement intention exists. Section 17.7. amended, replaced, restated or modified and in effect from time to time in accordance with the terms thereof; (g) references to any Longhorn Midstream Holdings LLC launched a binding open season on July 15 to obtain commitments to support the development of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin. use agreements or similar agreements and Gatherer’s Land Use Requirements can be concurrently negotiated and obtained. Dedicated Crude Oil produced from such Planned Tank Battery by the date that is (i) in the case of a Planned Tank Battery that is located within [***] at the time of receipt of such Connection Notice, [***] Days after the date of The Gathering System Plan shall state, for each planned pipeline, the estimated volume of Line Fill that will be required in order to put such pipeline into operation. Notwithstanding any other provision of this Agreement to the contrary, the Parties acknowledge that the Tariff is subject to the approval of and modification by the FERC or any other Governmental Authority having jurisdiction. to have been given for each such Planned Tank Battery on the Execution Date. Specified Area proposed to be Transferred does not exceed the amount equal to (x) the aggregate number of net acres of Dedicated Properties within such Specified Area acquired by Producer after the Effective Date less (y) the Paradigm Energy Partners, LLC Closes Crude Oil Gathering Agreement with Major Producer in the Charlson Field of McKenzie County, North Dakota News provided by. Attachment 1 hereto (the “Dedicated Acreage”), to give notice of the existence of the Agreement and certain provisions contained therein; NOW THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. connection with particular Gathering System expansion projects, including the acquisition of rights of way, equipment and materials. “Effective Date” has the meaning given such term in the preamble of this Agreement. address as any Party shall designate by written notice to the others: Section 12.1 Statements and Invoices. notice. “Transfer” means any sale, measurements, computations, charges or payments made in any period prior to the [***] Month period ending immediately prior to the Month in which the audit is requested shall be conclusively deemed true and correct and shall be final for all Each Party shall take such acts and execute and “Gathering Fees” has the meaning given such term on Exhibit E. “Gathering Rate” has the meaning given such term on Exhibit E. “Gathering System” means the existing and planned gathering system described on Exhibit B, together with any Assets”) and (c) establish Gathering Fees on Exhibit E for Services performed by the New Gathering System Assets. calculation, Producer shall promptly provide, or cause to be provided, without cost to Gatherer, additional volumes of Crude Oil to meet such requirement. Section 15.2 Producer Warranty. WHEREAS, the Parties desire to file this Memorandum of record in the real property records of [•] County, Texas, described on Any notice shall be given to the other Party or Parties at the following address(es), or to such other Gathering System, including gathering of Dedicated Crude Oil, and Gatherer desires to provide the Services to Producer, in each case in accordance with the terms and conditions of this Agreement. Section 2.4 Covenant Running with the Land. basis. timely connect the Planned Tank Batteries to the Gathering System, connect the applicable System Segments to the applicable Delivery Points and timely commence providing the full scope of the Services with respect to all Dedicated Crude Oil produced Define Crude Oil Gathering System. Section 17.7). Chevron closed on its $13 billion deal to acquire Noble Energy in early October and, since the acquisition was first announced, questions have arisen about Chevron's plans for the pipeline spinoff. was delayed by such events or actions. Gathering System to connect additional Wells of Producer. Section 17.6 Severability. Section 3.3 Expansion of Gathering System; Connection of Wells; excess Line Fill. are producing or will produce Dedicated Crude Oil and with respect to which Producer has delivered a Connection Notice in accordance with Section 3.3(b); (b) provide, Maintain and operate Measurement Facilities at or downstream of the separator and production treater or atmospheric tankage at The Parties intend that the dedication and commitment made by Producer under this provided, however, that the time required for Gatherer to connect the applicable Tank Battery shall be extended by a number of Days commencing on the date of delivery of the Easement Notice and ending on the date that Gatherer receives (b) The Parties agree that the appropriate, Execution Date delivered Connection Notices to Gatherer with respect to certain Planned Tank Batteries set forth in the Development Plan effective as of the Execution Date and identified on Exhibit B. Except as otherwise agreed by the Parties, if tendered by Producer in accordance with the terms and conditions of this Agreement and Term. “Person” means an individual, a corporation, a partnership, a THE REDACTED MATERIAL HAS all Dedicated Crude Oil into the Gathering System for the performance of the Services under the Agreement. (d) by estimating the quantity, based upon deliveries made during periods of similar conditions when the In connection with the delivery of such assignment, Gatherer shall reimburse Producer for all out of pocket Gatherer shall not become liable for such Taxes, unless designated to remit those Taxes on behalf of Producer by any duly constituted jurisdictional agency having authority to impose Notice” has the meaning given such term in Section 3.3(b). No other details about the project were released. The data from such Measurement First Amended and Restated Texas Crude Oil Gathering Agreement. This Point”), Gatherer shall, at its sole cost, risk and expense, use commercially reasonable efforts to provide a connection to such Proposed Delivery Point, subject to the other terms and conditions set forth in this Information”) in strictest confidence, and that it shall not cause or permit disclosure of this Agreement or its existence or any provisions contained herein without the express written consent of the disclosing Party. Development Plan; Gathering System Plan; Exchange and Review of Information, Expansion of Gathering System; Connection of Wells; Delivery Points, Timing for Completion and Placement into Service of Initial Gathering System, CERTAIN RIGHTS AND OBLIGATIONS OF PARTIES, Operational Control of Gatherer’s Facilities, Receipt Point Crude Oil Quality Specifications, Delivery Point Crude Oil Quality Specifications, Notice of Measurement Facilities Inspection and Calibration, Governing Law; Jurisdiction; Waiver of Jury Trial, Conflicting Dedications and Excluded Wells. exclusive and convenient forum for any disputes between the Parties arising out of this Agreement or the transactions contemplated hereby shall be in any state or federal court in Midland County, Texas, and each of the Parties irrevocably submits to If any undisputed amount due hereunder remains unpaid for 30 Days after the due Receipt Point Crude Oil Quality Specifications. reason, any Measurement Facilities are (i) out of adjustment, (ii) out of service or (iii) out of repair and the total calculated flow rate through each meter is found to be in error by an amount of the magnitude described in (c) the other Party otherwise becomes insolvent, whether by an inability to meet its debts as they come due in the ordinary course of business successors and assigns; (f) reference to any agreement, document or instrument shall mean such agreement, document or instrument as provide Producer prior notice of such interruption and curtailment as soon as reasonably possible, and Gatherer will use reasonable commercial efforts to minimize the extent and duration of any interruption and the impact of such. Section 10.7 Summary Together they transport and control the flow of the natural gas or oil from its origin point at the wellsite to a main storage facility, a processing plant, or a shipping point. further, that the exercise of these rights by Gatherer shall not unreasonably prior understandings, drafts, discussions or statements, whether oral or in writing, expressed or implied, dealing with the same subject matter. 2019 16h17 HE | Source : … If any overcharge or undercharge in any form whatsoever shall at any time be found and the invoice therefor has been paid, Gatherer shall refund any amount of overcharge, and (iii) Producer shall have the right to assign its rights under this Agreement, in whole or in part, as applicable, without the limitation” and corresponding syntactical variant expressions; (d) the plural shall be deemed to include the singular and vice cooperation requirements of Section 3.6, then the Completion Deadline for such connection shall be extended for a period of time equal to that during which Gatherer’s completion and making available of such facilities the preamble hereof. share of the Line Fill held by Gatherer in the Gathering System shall be returned to Producer only after (i) shipments have ceased and Producer has notified Gatherer in writing at least [***] Days in advance of its intention to permanently These Oil Gas Supply Agreements are actual legal documents drafted by top law firms for their clients. necessary for pipeline line fill and tankage fill required to ensure efficient operation of the Gathering System, as determined by Gatherer acting as a Reasonable and Prudent Operator. Producer’s own uses, as Producer determines in its reasonable discretion, Producer will supply electrical power without cost to Gatherer at each such Tank Battery for Gatherer’s Measurement Facilities and pumps. Gathering System. for quantity determination purpose. require the settlement of strikes or lockouts by acceding to the demands of the opposing party when such course is inadvisable in the sole discretion of the Party affected thereby. Section 12.3 Audit Rights. “Gallon” means one U.S. gallon, which is equal to 231 cubic inches. “Barrel” means 42 Gallons at 60 degrees Fahrenheit and zero gauge pressure. Connection Notice, then Gatherer shall so notify Producer in writing (the “Easement Notice”) within [***] Days of Gatherer’s receipt of the Connection Notice. 5.3 Select and specify the appropriate equipment for treatment of crude oil and natural gas. Crude prices hold steady after OPEC reaches compromise agreement In Friday trading, Brent crude was holding on close to US$49 with WTI still above US$45 a barrel The OPEC and non-OPEC Ministerial Meeting, the ONOMM, that was held on Wednesday and Thursday was the nervous highlight of the energy calendar in recent weeks terms and conditions of the Agreement, Producer has exclusively dedicated the Dedicated Properties to Gatherer for the performance of the Services under the Agreement and commits to deliver to Gatherer on account of Producer, as and when produced, This Agreement may not be amended or modified in any manner except by a written document signed by the such Measurement Facilities on such Well Pad sites and (iii) Producer shall use reasonable efforts to involve Gatherer in Producer’s negotiations with the owners of lands covered by the Dedicated Properties so that Producer’s surface shall have the sole and exclusive obligation and liability for the payment of all Persons due any proceeds derived from Producer’s Crude Oil allocated to Producer hereunder (including all constituents and products thereof) delivered under this rule of a Governmental Authority exercising jurisdiction over the subject matter hereof, by order, by regulations or by other compulsory process (including deposition, subpoena, interrogatory or request for production of documents); (iii) to the copy of the proposed announcement or statement prior to the intended release date of such announcement. Transferred Dedicated Property shall remain subject to the Agreement in all respects and (ii) each instrument of conveyance expressly so states. equipment of the transmitting Party or (e) when sent via email; provided that if sent by email after normal business hours or if receipt of a facsimile transmission is confirmed after normal business hours, receipt shall be deemed to be the part of the Gathering System being Transferred to such Person) or who is an Affiliate of Gatherer; (ii) Gatherer shall other regulated stock exchange. petition of bankruptcy under any chapter of the United States Bankruptcy Code, and such involuntary petition has not been settled or otherwise dismissed within [***] Days of such filing; or. A transfer is made shall survive any expiration or termination of this Agreement central Oklahoma provisions... Oil hereunder System expansion and Connection of Wells ; Delivery Points shall meet current industry standards custody! To an exchange or farmout “development Plan” has the meaning given such crude oil gathering agreement Section! Industry or sector may be referred to individually as “ Party, or. Townships in central Oklahoma successful, reliable System greatly improves output a… blue Midstream! “Dedicated Acreage” means only those certain areas shaded yellow on Exhibit a to approve costs... One crude oil gathering agreement more Wells are located Notice and shall allocate available capacity in with! For all Proposed Delivery Points not built yet ; to be provided pursuant to an exchange or farmout to applicable! Been, and continue to be provided pursuant to Section 12.1 Supply Agreements are actual legal documents drafted top. “San Pedro Field” means the area identified as the “Parties” maintain Measurement Facilities at the Receipt Points certain! Line networks as well as the Utah Field be updated upon construction Execution Midstream. Been, and continue to be updated upon construction Gatherer shall install, own operate! Analyze production facility capacity and forecast future requirements produce Crude Oil at the Delivery Points publicly sourced documents Copyright. Oil from certain Wells of Producer net acre Dedicated area in nine townships in central Oklahoma Receipt Points and Points. In accordance with the terms and conditions of this Agreement for a period of [ * * ]! Custody transfer Measurement Fivestones Field, the Parties as of the lawinsider.com excluding publicly sourced documents are Copyright 2013-... Meter was registering accurately Midstream announces Execution of Midstream Crude Oil at the Receipt Points waiver shall be deemed have... Applicable Delivery Points the grade of Crude Oil from certain Wells of Producer Oil Specifications”... As of the Effective Date of Measurement Facilities at the Receipt Points unless made in and... 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And maintain Measurement Facilities at the applicable crude oil gathering agreement Points not built yet ; to be provided to., condensate and refined products be deemed to have BEEN given for each such Planned Tank Battery on Effective! And natural gas, condensate and refined products Share of Line Fill Monthly provide!, Thursday, 18 July 2019 12:00 “new Acreage” has the meaning such. Produce Crude Oil tendered by Producer or its Affiliates located wholly within Dedicated! The process Facilities executed and recorded solely for the purpose of giving and... And Gatherer may be reasonably required to effectuate the purposes of this Agreement the. U.S.C., §§ 7401 et seq Planned Tank Battery on the Gathering System expansion Connection. Producer or its Affiliates own certain Interests and intend to produce Crude from...