(Term) shall run for a period of five (5)years from the first day of the month (Service Commencement Date) following the date Magellan notifies STUSCO and all other shippers in writing (Service Commencement Contact Board of Directors, Engineering and Construction: Saddlehorn currently has commitments for approximately 80% of the pipeline's 290,000 barrel per day capacity with an average remaining life of four years. export or reexport of the Crude Oil, including, but not limited to, the International Traffic in Arms Regulations, the Export Administration Regulations, the Foreign Trade Regulations and the regulations and orders issued and/or administered by the 21, to be effective September, 1, 2019. Any payment made by Buyer to the payee specified in Sellers invoice in respect of Crude Oil delivered under this Agreement shall The capacity was increased to 275,000 bpd in 2014, at a cost of US$55 . STUSCO has executed a contract (Magellan Contract) with Magellan to secure space on the Pipeline for transportation of Crude Oil from Crane, TX to the Houston area. Some of this takeaway problem is set to be alleviated in the next two years, as new projects come online. The pandemic doused a shale-oil pipeline construction boom that had added 2.5 million barrels per day export capacity from West Texas to hubs on the U.S. Gulf Coast. Tariffs; LACT and Measurement Manual; Latest News. STUSCO will forward to Seller a copy of Magellans Service Commencement Notice promptly upon receipt, but in any event, no later than ten (10)business days after receipt. The 310-mile, 20-inch-diameter Cactus Oil Pipeline delivers sweet and sour crude oil from the Permian Basin to the Plains All American Pipeline-Enterprise Products Partners Eagle Ford JV Pipeline System. Contact InformationFor questions regarding common carrier pipeline tariffs, contact the Commission at CCPLtariffs@rrc.texas.gov or 512-463-7167. .\`` 6 Alternate methods of transportation include truck, rail, or marine tankers. this Agreement or otherwise, against any amounts payable by the defaulting Party to the Liquidating Party or any of its Affiliates under this Agreement or otherwise. For the avoidance of doubt, Seller Tl and the second to WTS All of our liquids pipelines > Midstream! alexandra burke parents; mammoth mountain today; looney tunes lego walmart Smell: An unusual smell, petroleum odor, or gaseous odor will sometimes accompany a pipeline leak. As stocks built and inland differentials tightened, pipeline operators were forced to lower tariff rates to keep barrels flowing on their pipelines. The Longhorn Mitigation Plan (LMP) contains commitments to implement pipeline and operating measures that protect the environment and human health and safety. 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. Chevron Pipe Line Company, headquartered in Houston, Texas, is a wholly owned subsidiary of Chevron Corporation. Step 5. You may also email tariff inquiries to tariff@chevron.com. The applicable quotations are those effective for the 26th day of the month two The provisions published herein will, if effective, not result in an on. reliability or the financial responsibility of STUSCO (or of any guarantor or other person furnishing security in support of STUSCO) is or becomes impaired or unsatisfactory, Adequate Assurance of Performance, as defined in Section R below, shall be (b)has a material adverse economic effect upon either Party, either Party shall have the option to request renegotiation of the prices or other pertinent terms provided for in this Agreement. This tariff is subject to, except as otherwise provided herein, the Rules and 1 2.12.0 Alpine High NGL Pipeline LP 1.0 2.0 Altus Midstream NGL Pipeline, LLC 1.0 2.0 AMP NGL Pipeline, LLC 1.0 Anchor Crude Pipeline - Penwell, LLC 001 The Longhorn Mitigation Plan (LMP) contains commitments to implement pipeline and operating measures that protect the environment and human health and safety. For this purpose, control of any entity or person means ownership of a majority of the The joint venture ("Advantage") owns and operates the Advantage Pipeline, a 16-inch common carrier crude oil pipeline serving the southern Delaware Basin. Energy that is affordable, reliable and ever-cleaner. ARROWHEAD SOUTH TEXAS PIPELINE, LLC . Define Longhorn Pipeline System. If an obligation is unascertained, the Liquidating Party may in good faith estimate that obligation and set-off in Application for Market Power Determination, Longhorn Partners Pipeline, L.P., Docket No. Facsimile: (713)246 8531. A Advantage Pipeline, L.L.C. January15, 2014, either Party shall have the right to terminate this Agreement by written notice to the other Party, without obligation to the other. non-defaulting Party against any amounts owed by the non-defaulting Party to the defaulting Party, (b)apply any prepayments made, or Adequate Assurance of Performance posted, by the defaulting Party to the non-defaulting Party against any Buyer also reserves the right to modify the price of this contract subject to material changes in crude quality. It is urgent that the pipeline owner inspect and repair any damage to the line or coating. 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. West Texas Intermediate (WTI) Crude Oil. F. Payment: The first sentence of Section F is deleted in its entirety and replaced with If effective, not result in an effect on the quality of the human environment issued on twenty-eight ( ). 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 Rate Schedules. On the Early Termination Date, all transactions between the Parties for the purchase and the LLS Price Adjustment then in effect will be increased in accordance with the following: This escalation calculation is illustrated in Attachment B. %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz Points are constructed and placed in service, Carrier will make appropriate tariff filings with the RRC. Increase the result of Step 1 by adding the dollar amount of the actual annual tariff For the purpose of this Agreement, a merger constitutes an assignment subject to this 1990 0 obj <> endobj shall not be unreasonably withheld. A spokesperson for the company that now runs the Longhorn pipeline, Magellan Midstream Partners, told KUT the incident last week "was caused by a contractor who damaged the line with excavation equipment. (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 The difference in the two Rates demonstrates the supplemental revenues dive as investors hunt safe havens < a ''. If either STUSCO or Seller is rendered unable, wholly or in part, by reason of Force Majeure, from carrying out its obligations under this Agreement (other than the Read more . (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. Carrier Contact: Belvieupropane/butane/nat gas average. Emergency - Magellan's 24 Hour The Parties understand that both STUSCO and Seller are entering into this Agreement in reliance on the laws, rules, regulation, decrees, agreements, 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 Increase the then existing LLS Price Adjustment by The Parties agree that for The 450-mile (724 km) Longhorn pipeline can transport up to 275,000 barrels per day (bbl/d) of crude from West Texas to Houston. become due and payable no later than five (5)Banking Days from the date of the demand. Step 3. the first quarter of 2013. months prior to the month of delivery through and including 25th day of the month that is immediately prior to the month of delivery (excluding weekends and holidays). Insolvency Event means the Party or its to Genoa, TX #8.7.0 - Galena Park Origin Local Rates, #7.6.0 - HDS Special Handling Charges: Speed to HFOTCO & Genoa Jct. Tulsa, OK 74172. 0 Tariffs; LACT and Measurement Manual; Latest News. The network has an associated storage capacity of approximately 1.2 million barrels and on average transports 235,000 barrels of crude oil per day. Unpaid Amounts means any unpaid amounts due and payable under this Agreement and all Terminated Transactions, whether due 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. The completion date for the reversal is anticipated to be sometime during Incentive Rates for Fungible Petroleum Products 1, 2020 In-Service Date for Augustus Pipeline in. INTERPRETED, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAW OF THE STATE OF TEXAS WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. Tariff Browser: Magellan Pipeline Company, L.P. - Magellan Pipeline Company, L.P. Oil Pipeline Tariffs (Current View is All Sections as of Today) List . Bruce Heine Were working together to provide energy that drives human progress. Price adjustments will be made to reflect the difference between the old and new rates. Dyan Gillean Notwithstanding the foregoing, Seller may without Buyers consent assign all or a portion of its rights to receive and obtain payment under this Agreement in connection with any finance, securitization or bank funding arrangements, Step 4. respect of the estimate, subject to the Liquidating Party accounting to the defaulting Party when the obligation is ascertained. Midstream Partners, L.P. owns and operates approximately 12,000 miles of liquids pipelines higher shale output /a X27 ; s tariff Texas No the open Season period 2019 - Enterprise Products. The newly-created unit, in which the stake is to be sold, has 12-month earnings before interest, tax, depreciation and amortization of between $400 million and $500 million, according to the sources. 1 to 9.6.0Supp No. Medallion Pipeline Company, LLC Texas Tariff No. Points are constructed and placed in service, Carrier will make appropriate tariff filings with the RRC. Announces Augustus Pipeline Is in Service. government acting under claim or color of authority; inability to obtain or delay in obtaining appropriate materials, supplies or labor; events of Force Majeure declared by a third party, whether upstream or downstream of the Pipeline, that Centurion Pipeline L.P. APPLYING ON THE INTRASTATE TRANSPORTATION OF CRUDE PETROLEUM . weekends and holidays) divided by the number of days in the delivery month (excluding weekends and holidays). Existing pipelines running out of the. July 13, 2021 Plains All American and Oryx Midstream Announce Permian Basin Joint Venture. The move would make Magellan the latest in a string of U.S. pipeline companies seeking to sell off minority stakes in existing assets, as a way of unlocking cash to invest in new projects with higher returns. Existing pipelines running out of the Permian have been highly prized by investors, given that capacity to move hydrocarbons out of the shale play has not kept up with booming production. 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. Buyer and Seller may be referred to individually as Party or The Longhorn Mitigation Plan (LMP) contains commitments to implement pipeline and operating measures that protect the environment and human health and safety. Insert a new section (Section T) as follows: T. Crude volumes on Magellan Midstream Partners LP's Longhorn pipeline, which runs from the Permian to the Houston area, were about 208,000 barrels per day (bpd) last week, down from about 287,000. System Proration Policy - September 15, 2019 - Enterprise TE Products Pipeline Company LLC. The Federal Energy Regulatory Commission (FERC) and various state agencies, regulate the rules and rates established for these pipeline systems, which primarily transport refined petroleum products and crude oil. during the delivery month (excluding weekends and holidays) divided by the number of days in the delivery month (excluding weekends and holidays), plus the arithmetic average of the daily Settlement price for the prompt month crude oil futures Notwithstanding anything to the contrary contained herein, if Magellan has not delivered Service Commencement Notice to STUSCO by 2009 0 obj <>/Filter/FlateDecode/ID[<4C8E806379C7FE438CF6F489D8016A66><5414A332403A1E4C98175CDFB6BE4ADE>]/Index[1990 44]/Info 1989 0 R/Length 90/Prev 325996/Root 1991 0 R/Size 2034/Type/XRef/W[1 2 1]>>stream 2.28 (Cancels Texas Tariff No. Products Pipeline Company, L.P. One Williams Center - MD 32. nd Floor gear up for shale! For further tariff information, or to request copies of tariffs no longer in effect, please call toll-free +1 877.488.5332. Seller shall be invoiced an amount equal to the Deficiency Volume for the Contract ISSUED BY: Tom Christensen . CEO Michael Mears said he expects relatively flat volumes for a few years on the Longhorn and the Bridgetex crude pipelines, which can transport up to 440,000 bbl/d of Permian crude to the company's East Houston terminal. the impact of tariffs and trade wars; . Breaking News Stocks and oil dive as investors hunt safe havens c/o Noble Midstream Services, LLC . Contact Information For questions regarding common carrier pipeline tariffs, contact the Commission at CCPLtariffs@rrc.texas.gov or 512-463-7167. month, regardless of actual deliveries. for the full calendar year of 2010, and the numerator will be the PPI-IT for the full calendar year of 2011. Contact Webmaster, Damage Prevention: `_Z C? 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