Clark Nevada Gas Processing Rights Agreement

State:
Multi-State
County:
Clark
Control #:
US-OG-1011
Format:
Word; 
Rich Text
Instant download

Description

This form is a gas processing rights agreement.

Clark Nevada Gas Processing Rights Agreement is a legal contract that establishes the rights and obligations between the parties involved in the processing of gas in Clark County, Nevada. This agreement outlines the terms and conditions under which the gas processing activities are carried out, ensuring a fair and mutually beneficial relationship between the parties. The Clark Nevada Gas Processing Rights Agreement governs the rights and responsibilities of the gas processing company and the gas rights holder. It sets forth the terms regarding ownership, access, and utilization of gas resources in Clark County. The agreement covers crucial aspects such as production, operations, pricing, and distribution of processed gas. There are different types of gas processing rights agreements within Clark Nevada, each catering to specific circumstances and requirements. 1. Standard Clark Nevada Gas Processing Rights Agreement: This is the most common type of agreement that outlines the general terms and conditions for gas processing. It covers the basics of production, processing, and distribution. 2. Exclusive Clark Nevada Gas Processing Rights Agreement: This agreement grants exclusive rights to a specific gas processing company to operate in a designated area within Clark County. It ensures that no other company can carry out gas processing activities in that specific area, providing a competitive advantage to the licensee. 3. Temporary Clark Nevada Gas Processing Rights Agreement: This agreement is applicable for a fixed duration or until certain conditions are met. It allows a gas processing company to operate for a limited period or until specific milestones are achieved. 4. Joint Venture Clark Nevada Gas Processing Rights Agreement: This agreement is formed between two or more parties who jointly develop, process, and distribute gas resources in Clark County. It outlines the distribution of costs, profits, and responsibilities among the joint venture partners. In summary, the Clark Nevada Gas Processing Rights Agreement is a comprehensive legal document that governs the rights, obligations, and terms related to gas processing activities in Clark County, Nevada. It ensures the smooth operation and fair distribution of resources between the gas processing company and the gas rights holder, promoting a mutually beneficial relationship.

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Clark gas stations are now operating throughout 32 states, with over 1000-branded locations, some with convenience stores under the On the Go name.

Clark emerged from bankruptcy last November. Topping a bid by Getty Petroleum Corp., a company called AOC Acquisition Corp. bought Clark for $454 million-less than what Apex paid seven years earlier.

Gathering Fee means the fee charged per MMBtu by Gatherer to Shipper for wellhead or system gathering services inclusive of dehydration but not including compression.

The gathering system consists of equipment to collect, distribute, regulate, and separate oil or natural gas and transport and control its flow from source to destination. The system includes pumps, heaters, separators, emulsion treaters, tanks, regulators, compressors, dehydrators, piping spools, and valves.

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.

Third Party Gathering Agreements means agreements and contracts between third parties and Gatherer under which Gatherer uses third party pipelines and other facilities to provide gathering services hereunder.

Baltimore-based Crown Central LLC has been marketing under the Crown family of brands for more than 90 years. As a result of this transaction, Crown will maintain a minority ownership position in Clark Brands LLC. Naperville, Ill. -based Clark Brands owns the Clark family of brands.

Located in downtown Stuart, VA, Clark Gas & Oil, Inc. had its early beginnings in 1928 from a partnership of three brothers, E. Lyle Clark, J.

PTR (Plant Thermal Reduction) The BTU equivalent of the liquid products extracted from the producer's gas plus the portion of plant fuel necessary to extract those liquids, plant flare and other plant losses.

Clark emerged from bankruptcy last November. Topping a bid by Getty Petroleum Corp., a company called AOC Acquisition Corp. bought Clark for $454 million-less than what Apex paid seven years earlier.

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Clark Nevada Gas Processing Rights Agreement