Franklin Ohio Gas Compressing Agreement - Central Point

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Franklin
• 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. Franklin Ohio Gas Compressing Agreement — Central Point is a legally binding contract between a gas compressor and a gas supplier located in Franklin, Ohio. This agreement outlines the terms and conditions under which the gas compressor will compress and store natural gas provided by the gas supplier. This Gas Compressing Agreement is an essential document in the gas industry, ensuring a smooth and efficient flow of natural gas supply. It establishes the responsibilities and rights of both the gas compressor and the gas supplier, promoting transparency and accountability. The agreement typically includes key elements such as: 1. Parties: Clearly identifies the gas compressor and gas supplier involved in the agreement, including their legal names and contact information. 2. Term: Specifies the duration of the agreement, highlighting the start and end dates. It may also include any provisions for renewal or termination. 3. Gas Compression Services: Outlines the specific services to be provided by the gas compressor, including the capacity and type of compressors used, compression rates, and other technical specifications. 4. Gas Supply Obligations: Describes the quantity and quality of natural gas that the gas supplier will deliver to the gas compressor for compression. It may include details regarding gas specifications, delivery points, and any applicable penalties for non-compliance. 5. Storage and Compression Fees: Specifies the financial terms of the agreement, including the fees or rates charged by the gas compressor for compression and storage services provided. It may also cover payment terms, invoicing, and any applicable penalties for late payments. 6. Liability and Indemnification: Defines the respective liabilities, responsibilities, and indemnification obligations of the gas compressor and gas supplier in cases of damage, loss, or accidents occurring during the compressor's operations. 7. Confidentiality: Includes provisions to protect the confidentiality of proprietary information disclosed by either party during the term of the agreement. Types of Franklin Ohio Gas Compressing Agreements — Central Point: 1. Domestic Gas Compressing Agreement: Covers gas compression services within the domestic market in Franklin, Ohio. 2. Industrial Gas Compressing Agreement: Focuses on gas compression services catering to industrial gas consumers, such as manufacturing facilities, power plants, or refineries, located in Franklin, Ohio. 3. Commercial Gas Compressing Agreement: Encompasses gas compression services provided to commercial gas consumers, including businesses, offices, and institutions in Franklin, Ohio. Overall, the Franklin Ohio Gas Compressing Agreement — Central Point is a crucial contractual agreement in the gas industry, ensuring consistent and reliable gas supply to meet the needs of various consumer segments within Franklin, Ohio.

Franklin Ohio Gas Compressing Agreement — Central Point is a legally binding contract between a gas compressor and a gas supplier located in Franklin, Ohio. This agreement outlines the terms and conditions under which the gas compressor will compress and store natural gas provided by the gas supplier. This Gas Compressing Agreement is an essential document in the gas industry, ensuring a smooth and efficient flow of natural gas supply. It establishes the responsibilities and rights of both the gas compressor and the gas supplier, promoting transparency and accountability. The agreement typically includes key elements such as: 1. Parties: Clearly identifies the gas compressor and gas supplier involved in the agreement, including their legal names and contact information. 2. Term: Specifies the duration of the agreement, highlighting the start and end dates. It may also include any provisions for renewal or termination. 3. Gas Compression Services: Outlines the specific services to be provided by the gas compressor, including the capacity and type of compressors used, compression rates, and other technical specifications. 4. Gas Supply Obligations: Describes the quantity and quality of natural gas that the gas supplier will deliver to the gas compressor for compression. It may include details regarding gas specifications, delivery points, and any applicable penalties for non-compliance. 5. Storage and Compression Fees: Specifies the financial terms of the agreement, including the fees or rates charged by the gas compressor for compression and storage services provided. It may also cover payment terms, invoicing, and any applicable penalties for late payments. 6. Liability and Indemnification: Defines the respective liabilities, responsibilities, and indemnification obligations of the gas compressor and gas supplier in cases of damage, loss, or accidents occurring during the compressor's operations. 7. Confidentiality: Includes provisions to protect the confidentiality of proprietary information disclosed by either party during the term of the agreement. Types of Franklin Ohio Gas Compressing Agreements — Central Point: 1. Domestic Gas Compressing Agreement: Covers gas compression services within the domestic market in Franklin, Ohio. 2. Industrial Gas Compressing Agreement: Focuses on gas compression services catering to industrial gas consumers, such as manufacturing facilities, power plants, or refineries, located in Franklin, Ohio. 3. Commercial Gas Compressing Agreement: Encompasses gas compression services provided to commercial gas consumers, including businesses, offices, and institutions in Franklin, Ohio. Overall, the Franklin Ohio Gas Compressing Agreement — Central Point is a crucial contractual agreement in the gas industry, ensuring consistent and reliable gas supply to meet the needs of various consumer segments within Franklin, Ohio.