Collin Texas Gas Compressing Agreement - Central Point

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Collin
• Control #: US-OG-231
• Format: Word; Rich Text

Description

This form is used by Company in the business of owning and operating gas compression equipment and facilities. For the consideration provided and the mutual benefits to be derived, Customer and Company enter into this Agreement providing for the compression, by Company, of Customer's gas produced from the Leases. The Collin Texas Gas Compressing Agreement — Central Point is a contractual agreement that pertains to the compression of natural gas in the specific region of Collin County, Texas. This agreement is designed to establish the terms and conditions between the gas compressor operator and the various parties involved in the gas compression process. The primary objective of the Collin Texas Gas Compressing Agreement — Central Point is to ensure the efficient and effective compression of natural gas, allowing for its transportation and distribution across the region. It outlines the responsibilities, rights, and obligations of all parties involved, ensuring a smooth and reliable operation. This agreement typically covers various aspects related to gas compression, including but not limited to: 1. Technical Specifications: The agreement may include detailed technical specifications regarding the gas compressors, such as their capacity, pressure levels, and maintenance requirements. These specifications aim to ensure that the compression process is optimized and meets the necessary standards. 2. Operational Procedures: It outlines the specific procedures and protocols that need to be followed during the compression process. This includes start-up and shutdown procedures, routine maintenance, safety guidelines, and emergency response plans, among others. Adhering to these procedures is crucial to maintain a safe and efficient operation. 3. Term and Termination: The agreement defines the duration of the contract, including the start and end dates. It may also specify provisions for termination in case of breaches, force majeure events, or other unforeseen circumstances. Clear terms regarding termination help mitigate potential disputes and ensure a smooth transition. 4. Pricing and Payment Terms: This portion of the agreement outlines the financial arrangements between the gas compressor operator and the parties utilizing the compressed gas. It may specify the pricing methodology, billing frequency, payment terms, and any penalties or incentives related to the quantity or quality of the gas delivered. Different types of Collin Texas Gas Compressing Agreements at Central Point may exist, tailored to the specific requirements of gas compression in different sectors. For example, there could be agreements catering to industrial gas consumers, residential gas providers, or commercial gas distributors. Each type would have its distinct provisions and conditions but will ultimately serve the common purpose of facilitating the compression and distribution of natural gas in Collin County, Texas.

The Collin Texas Gas Compressing Agreement — Central Point is a contractual agreement that pertains to the compression of natural gas in the specific region of Collin County, Texas. This agreement is designed to establish the terms and conditions between the gas compressor operator and the various parties involved in the gas compression process. The primary objective of the Collin Texas Gas Compressing Agreement — Central Point is to ensure the efficient and effective compression of natural gas, allowing for its transportation and distribution across the region. It outlines the responsibilities, rights, and obligations of all parties involved, ensuring a smooth and reliable operation. This agreement typically covers various aspects related to gas compression, including but not limited to: 1. Technical Specifications: The agreement may include detailed technical specifications regarding the gas compressors, such as their capacity, pressure levels, and maintenance requirements. These specifications aim to ensure that the compression process is optimized and meets the necessary standards. 2. Operational Procedures: It outlines the specific procedures and protocols that need to be followed during the compression process. This includes start-up and shutdown procedures, routine maintenance, safety guidelines, and emergency response plans, among others. Adhering to these procedures is crucial to maintain a safe and efficient operation. 3. Term and Termination: The agreement defines the duration of the contract, including the start and end dates. It may also specify provisions for termination in case of breaches, force majeure events, or other unforeseen circumstances. Clear terms regarding termination help mitigate potential disputes and ensure a smooth transition. 4. Pricing and Payment Terms: This portion of the agreement outlines the financial arrangements between the gas compressor operator and the parties utilizing the compressed gas. It may specify the pricing methodology, billing frequency, payment terms, and any penalties or incentives related to the quantity or quality of the gas delivered. Different types of Collin Texas Gas Compressing Agreements at Central Point may exist, tailored to the specific requirements of gas compression in different sectors. For example, there could be agreements catering to industrial gas consumers, residential gas providers, or commercial gas distributors. Each type would have its distinct provisions and conditions but will ultimately serve the common purpose of facilitating the compression and distribution of natural gas in Collin County, Texas.