Oklahoma Precedent Agreement for Firm Natural Gas Storage Service
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How to fill out Precedent Agreement For Firm Natural Gas Storage Service?
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FAQ
Gas Gathering means pipeline transportation, for oneself or other persons, of natural gas over any part or all of the distance between a well and a gas transmission pipeline or gas processing plant.
A gathering system usually consists of multiple pipelines laid in one area that are designed to ?gather? the product that is produced from multiple wells to a central point. This central point may be a compressor station, a storage facility, a processing plant, a larger transmission pipeline or a shipping point.
form agreement for gas gathering services between a midstream company as the gatherer, and an upstream exploration and production company as the shipper. This Standard Document assumes, among other things, an existing gathering system that does not require expansions.
The wholesale provider agrees to provide you with fuel at a specified volume and price. A typical fuel contract determines a set price per gallon for the amount of time agreed upon by both parties. Fuel prices may fluctuate during that time, but the price you pay stays the same due to the fuel contract in place.
Maximum Daily Quantity (MDQ): The maximum quantity of gas consumed by a customer in a 24-hour period. An LDC may set delivery obligations or delivery limits based on a customer's MDQ.
Gas gathering is collecting gas from the wellhead and moving it to a processing plant or to a major transmission line. From the well, the natural gas goes into gathering pipelines. The gathering lines become larger in diameter closer to the central collecting point.
Firm Transportation means that the receipt, delivery and transportation of Natural Gas shall not be subject to interruption or curtailment, other than by reason of express written consent of CES, Force Majeure, Applicable Law or an Excusable Event, or as otherwise provided in this Agreement.