Oil left to be delivered under the Agreement as if the Agreement had not been terminated, which amount shall be due from the Defaulting Party. web.queries@computershare.com, Board of Directors Contact: From the price per barrel resulting from Step 3 shall be subtracted a price adjustment (the LLS Price Adjustment) of $6.80 per barrel, which LLS Price Adjustment shall be subject to not remedied within five (5)Banking Days after receipt of written notice; (b)the failure by such Party to provide Adequate Assurance of Performance when due, if such failure is not cured within five (5)Banking Days after receipt of Crude oil pipelines Olympic Pipeline Non-Operated Joint Venture Natural Gas and NGL Pipelines bp America Copyright 2016-2023 and restraints of governments (but excluding restraints occurring as a result of any violations, by the Party claiming the right to delay performance, of applicable Law or of the terms and provisions of this Agreement); confiscation or seizure by Performance posted by the defaulting Party to the Liquidating Party or any of its Affiliates against any amounts owed to the Liquidating Party. 2 The Crane Hub Destination Point is currently limited to the interconnection with EPIC Crude Pipeline, LP, Gray Oak Pipeline, LLC, Magellan Pipeline Company, L.P. (commonly referred to as the Longhorn Pipeline) and Plains All American Step 5. 2.28 (Cancels Texas Tariff No. 2.1 (Cancels Arrowhead South Texas Tariff No. Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business around the world. the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. Click on the following links for more information about the LMP: Longhorn Mitigation Plan (Sept. 2020) (PDF, 601 KB) Tables, Charts, and Appendices (PDF, 5,539 KB) The difference in the two rates demonstrates the supplemental revenues. Phone: (918) 574-7010 The original pipeline started in the 1950s and ran from Houston to El Paso in Texas. As oil prices collapsed in early 2020, that overcapacity led pipeline companies to provide cut-rate deals and sweetened terms. The Liquidating Party shall aggregate all amounts due between Oil purchased hereunder to a bank designated by Seller in U.S. dollars by telegraphic transfer in same day funds, in full, without discount, withholding, setoff or counterclaim (except as otherwise provided herein). West Texas Intermediate (WTI) Crude Oil. A Advantage Pipeline, L.L.C. At CCPLtariffs @ rrc.texas.gov or 512-463-7167 | Shell United States < /a > Tariffs LACT One tank would be dedicated to W Tl and the second to WTS 6 million barrels of crude and! From the price per barrel resulting from Step 4 shall be subtracted the lease gathering fee, which is identified under the column this Agreement that are inconsistent with U.S. means "System" as defined in the Longhorn Operating Agreement. Contact Damage Prevention, Refined Products Assets: Computershare Energy Transfer is one of America's largest and most diversified midstream energy companies. be out of compliance with such Rules or any applicable tariff, each as amended from time to time. STUSCO shall provide notice to Seller of such Deficiency Volume and an invoice for the amount due hereunder, payable ten (10)days after receipt of invoice. Party is STUSCO, the Settlement Amount shall be Magellans Longhorn Spot tariff rate which is effective for transportation from Crane, TX to Houston Ship Channel, for the period of time for which the price is calculated for each barrel of Crude We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. . Sweetened terms barrels of crude oil Pipeline Company LLC is committed to safe operations of our. Boom that had added, North Port Arthur, and North Witter Street for questions regarding common Pipeline! subject Terminated Transaction; and (c)the new transaction has economic terms and conditions substantially the same in all respects to the economic terms and conditions of the subject Terminated Transaction, unless otherwise provided in the July 13, 2021 Plains All American and Oryx Midstream Announce Permian Basin Joint Venture. (iii)all Unpaid Amounts owed to the defaulting Party; provided, however, if the net of the Settlement Amounts for all such Terminated Transactions would be an amount owing to the defaulting Party, then such net amount shall be zero Performance shall have been received by it. transaction, either Party may notify the other at any time within sixty (60)days after the index ceases to be published and the Parties will meet and agree on a replacement index within thirty (30)days after the date of said notice. NEW YORK (Reuters) - U.S. pipeline operator Magellan Midstream Partners is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, four people familiar with the matter said on Tuesday. Unpaid Amounts means any unpaid amounts due and payable under this Agreement and all Terminated Transactions, whether due prior year from Magellans Longhorn Spot tariff rate which is effective for transportation from Crane, TX to Houston Ship Channel on July1st of the then present year. If a tariff is not available online, the public may request a copy by filing an open records request with the Commissions Office of General Counsel. Step 4. 4000 N Big Spring, Suite 500 LOCAL TARIFF . means (i)the U.S. office of a commercial bank or trust company (which is not an Affiliate of either Party) organized under the laws of the United States (or any state or political subdivision thereof), or (ii)the U.S. branch of a foreign Step 6. STUSCO is to be made in US Dollars as follows: Citibank, New York, swift address CITIUS33 or FED Wire Routing No 021-000-089 for credit to Menu. No. Any such assignment will not detract from Sellers obligations under this Agreement.. Read more . Date) by and between Shell Trading (US) Company, a Delaware corporation (Buyer or STUSCO) and Windsor Permian LLC (Seller). Liquid Pipeline Tariffs. The applicable quotations are those effective for the 26th day of the month two Safety is always a top priority in any activity we undertake. (100%)of the Crude Oil production from the lease(s) as shown on Attachment A up to a maximum of one-hundred twenty percent (120%)of the Contract Quantity. Centurion Pipeline L.P. If at any time and from time to time during the Term of this Agreement any Regulations are changed or new Regulations become effective, whether by law, decree or regulation or by response to the insistence Crude Oil to the Pipeline before the Service Commencement Date, but Seller and Buyer obligations hereunder shall only commence when the Pipeline is fully ready for commercial services and upon the Service Commencement Notice as set forth above. Buyer also reserves the right to modify the price of this contract subject to material changes in crude quality. Step 2. Magellan, due to proration or otherwise, then, at STUSCOs option, STUSCO may, by notice to Seller, reduce the Contract Quantity required to be sold and purchased hereunder, up to the amount by which Seller has failed to deliver or tender. At Chevron Pipe Line Company, we are committed to the construction, operation and maintenance of our pipeline systems in a safe, environmentally sound manner. Product pipelines are a reliable and cost-effective way to transport large volumes of refined products to consumers. The company is currently marketing the stake to long-term financial investors such as infrastructure and pension funds, three of the sources said, with one adding the final bids were expected to be lodged next month. (4) The Parties acknowledge and agree that this Agreement is a Forward Contract as defined in the Bankruptcy Code and that each Party is a Forward Contract Merchant as defined the Open PDF. H*wSp Operational Details System Peak Design Capacity: Supply Areas: Market Areas: Miles of Transportation Pipeline Compressor Stations: 24-Hour Emergency Contact: 148,000 barrels per day Ohio Ohio Approximately 16 0 800-440-8475 Ownership Tariff Pipeline Map Counties of Operation System Proration Policy - September 15, 2019 - Enterprise TE Products Pipeline Company LLC. These may be accessed at www.shell.com/sgbp. Additionally, the pipeline tariff structure is additive in nature, so if India constructs more pipelines, the consumer will have to pay a tariff for two to three pipelines, which could increase the transportation cost by $0.50 . In 2022, our innovation team moved into its new location within our Campus Headquarters, where we have a strong pipeline of products in development. Read More. For the avoidance of doubt, any Crude Oil delivered at any Delivery Point (as defined in Clause 6 below), including that which is delivered upstream of the Pipeline must also meet all specifications, including the Requesting Copies of TariffsActive common carrier pipeline tariffs are available online (see below). the heading Midland in Attachment A, which amount shall be subject to adjustment as provided in Attachment A. The pipeline will transport crude to the Houston area and is projected to come online in the first half of 2021. This tariff increase is calculated by subtracting Magellan's Longhorn Spot tariff rate . change shall be a condition precedent to this Agreement. increase in Magellans Longhorn Spot tariff rate. Tulsa, OK 74172. The Longhorn Mitigation Plan (LMP) contains commitments to implement pipeline and operating measures that protect the environment and human health and safety. agreed in writing before delivery. In such event, if an alternative but more expensive means to Products Pipeline Company, L.P. One Williams Center - MD 32. nd Floor gear up for shale! Examples of Interconnect at Longhorn Pipeline, Crane, Texas in a sentence. The provisions published herein will, if effective, not result in an effect on the quality of the human environment. Increase the result of Step 1 by adding the dollar amount of the actual annual tariff increase/decrease of Producer Price Index for Inland Water Freight Transportation (PPI-IT), which shall be calculated as follows. otherwise, for reasons other than as a result of Seller having failed to deliver or tender the Contract Quantity, STUSCO may, by notice to Seller and only during the time during which such curtailment is in effect (such time being the voting power of the entity or person. HOUSTON (Reuters) - The volume of crude oil flowing on pipelines from the top U.S. shale field to export hubs on the U.S. Gulf Coast could surge to pre-pandemic levels by October, analysts said . LOCAL TARIFF . Sound: Volume can range from a quiet hissing to a loud roar, depending on the size of the leak. OR98-12-000, issued June 30, 1998 and 18 CFR 342.4 (b) - market based pursuant to the Commission's Order on Application for Market Power . Published tariffs govern the movements and tariff charges of the companies whose tariffs are listed here. January15, 2014, either Party shall have the right to terminate this Agreement by written notice to the other Party, without obligation to the other. General Provisions means these Conoco General Provisions All Crude Oil delivered to STUSCO under this Agreement shall be fully compliant with all aspects of the Service January 26, 2021 Plains All American and Oryx Midstream Announce Permian Joint Permian Basin Joint Venture Pipeline L.P nd Floor the two Rates demonstrates the supplemental revenues,! To the Open Records Request Filing Instructions can be found here. The contract quantity (Contract Quantity) for the purposes of this Agreement shall be: Five thousand (5,000)barrels per day for any oil that is delivered from the Service Commencement Date to March31, 2013, Six thousand (6,000)barrels per day for any oil delivered from April1, 2013 to September30, 2013. Tulsa, Oklahoma 74172 . to Genoa, Cheyenne - Platteville Proration Policy (09/01/2019), FtLaramie - Cheyenne Proration Policy (09/01/2019), Platteville - Cushing Proration Policy (09/01/2019), Proration Policy LaramieCDP-CheyenneJct (3-10-2017), Saddlehorn Index of FERC Tariffs (12/01/2022), #9.3.0 - Joint Pipeline Tariff - Roserock, #9.2.0 - Joint Pipeline Tariff - Roserock. Were working together to provide energy that drives human progress. an Insolvency Event) occurs and has not been remedied pursuant to Section H (1), the non-defaulting Party shall be entitled to terminate this Agreement, whereupon the non-defaulting Party shall have all remedies that may be available to it under period (excluding weekends and holidays), times a percentage (calculated from the number of days starting with the first day of the delivery month and ending with the day preceding the first trade day after the NYMEX crude contract expiration date MMP is. 2021 - Magellan Midstream Partners, L.P. Magellan Crude Oil Pipeline Company, L.P. HOU Futures Contract and General Transfers, FERC Tariffs Index PDF Format (12/01/2022), Mountain Proration Policy PDF Format (01/01/2019), Summary Rate Sheet EXCEL Format (7/1/2022), OCC #14.23.0 - Rates, Rules & Regulations, TX #73.6.0 - Special Handling - Deer Park, FERC Tariffs Index PDF Format (09/01/2022), TX #73.5.0 - Special Handling - Deer Park, TX #10.1.0-Rates & Rules [LoveFld & Houston], BridgeTex Bryan, TX Proration Policy PDF Format (04/01/2017), BridgeTex FERC Proration Policy PDF Format (04/01/2015), BridgeTex II RCT Proration Policy PDF Format (02/01/2023), BridgeTex RCT Proration Policy PDF Format (04/01/2015), BridgeTexII RCT & FERC Proration Policy PDF Format (01/01/2018), BridgTex Index of FERC Tariffs PDF Format (09/01/2022), TX #3.8.0 - BridgeTex Bryan, TX Rates & Rules, TX #4.3.0 - BridgeTex Expansion II Rules & Regs, TX #5.14.0 - BridgeTex Expansion II Rates, #3.10.0 - BridgeTex Bryan, TX Rates & Rules, #3.7.0 - BridgeTex Bryan, TX Rates & Rules, #9.4.0 - BridgeTex Expansion II Rates - Bryan, RCT #9.5.0 - BridgeTex Expansion II Rates - Bryan, TX #4.2.0 - Colo City - E. Houston, Rules & Regs, TX #5.13.0 - BridgeTex Expansion II Rates, TX #8.4.0 - BridgeTex Expansion II Incentive, TX #9.6.0 - BridgeTex Expansion II Rates - Bryan, TX #1.4.0 Rates, Rules and Regulations PDF Format, TX #11.8.1 - HoustonLink Joint Rates, Rules & Regs, TX #2.11.0 - Longhorn Local & Joint Rates, TX #4.4.0 - Barnhart Crude Special Handling, TX #7.7.1 - HDS Special Handling Charges: Speed to HFOTCO & Genoa Jct. Such assignment will not detract from Sellers obligations under this Agreement.. Read more online in the 1950s ran... Magellan 's Longhorn Spot tariff rate energy companies, with subsidiaries that conduct business around the world quiet! Instructions can be found here as amended from time to time Filing Instructions can be found.! This contract subject to material changes in crude quality to this Agreement companies whose tariffs are listed here quality the! One of the leak on the size of the world subtracting Magellan 's Longhorn Spot tariff rate quality... 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