If any undisputed amount due hereunder remains unpaid for 30 Days after the due Section 2.4 Covenant Running with the Land. This First Amendment to Amended and Restated Crude Oil Gathering Agreement (this “First Amendment”) is executed on May 5, 2020 by and among Diamondback E&P LLC, a Delaware limited liability company (“DEP”), Energen Resources Corporation, an Alabama corporation (“Energen”), and Diamondback O&G LLC, a Delaware limited liability company (“DO&G” and each of DEP, Energen and DO&G, individually or collectively, as applicable, “Producer”) and Rattler Midstream Operating LLC, … interest on variable rate commercial loans made in the United States to its most creditworthy customers. forth in the Tariff. Delivery Points. Section 4.1 The Parties agree and acknowledge that the Crude Oil produced from the Excluded Wells is not subject to the dedication and commitment made by Producer under this obligation or circumstance that has resulted or may result in a disclosure of any of the terms and conditions of this Agreement authorized by Section 17.7(b)(ii) or (iii), it shall so notify in writing the other resolved that Gatherer’s invoice was incorrect and that overpayment was made, Gatherer shall reimburse Producer for such overpayment with interest calculated from the date such overpayment was made until the date of reimbursement at the Prime “Environmental Laws” means all Applicable Laws pertaining to the presence or release of environmental contaminants Agreement. including rules and regulations promulgated thereunder, and references to any section or other provision of any Applicable Law means that provision of such Applicable Law from time to time in effect and constituting the substantive amendment, “Effective Date” has the meaning given such term in the preamble of this Agreement. repairs or replacements to the Gathering System or its ancillary facilities as Gatherer deems necessary. January 1, 2019). CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR SUCH INFORMATION not be able to connect a Planned Tank Battery to the Gathering System by the Completion Deadline therefor or to otherwise complete all facilities necessary to provide the full scope of the Services with respect to all Dedicated Crude Oil produced produced from any Well that is located on a Well Pad if the other Wells on such Well Pad are or have been connected to the Gathering System (whether producing, shut-in, temporarily abandoned or which has been memoranda shall be executed and delivered by the Parties from time to time at any Party’s reasonable request to evidence any additions to, or permanent releases from, the dedication and commitment made by Producer under this Agreement. 3. understood and agreed that the settlement of strikes or lockouts shall be entirely within the discretion of the Party affected thereby, and that the above requirement that any Force Majeure shall be remedied with all reasonable dispatch shall not Oil tendered by or on account of Producer hereunder or the Services provided hereunder and shall be limited to the [***] Month period immediately prior to the Month in which the notice requesting an audit was given. costs and expenses incurred in obtaining such rights plus an additional [***]% of such costs and expenses. based upon production, together with all taxes on the right or privilege of ownership of Crude Oil, or upon the Services, including gathering, transportation and handling of Crude Oil, including gross receipts taxes, and including all of the terms used, but not otherwise defined, in this Agreement shall have the respective meanings given to such terms set forth below: “Affiliate” means any Person that, directly or indirectly through one or more intermediaries, Controls or is Controlled (d) Party “Gathering System Plan” has the meaning given such term in [•], [•] of Diamondback E&P LLC, a Delaware limited liability company on behalf of said entity. Notwithstanding the foregoing, Gatherer shall promptly further, that the exercise of these rights by Gatherer shall not unreasonably (b) If Gatherer fails or is unable or unwilling for any reason (other than Force Section 15.1 Custody. Section 9.4 Greenhouse Gas Emissions. (e) Public Announcements. Section 13.2 Definition of Force Majeure. “Proposed Delivery Point” has the meaning given such term in Tariff, including the prorationing provisions set forth thereunder, Gatherer commits to providing the following services (collectively, the “Services”) to Producer: (a) construct and expand the Gathering System to connect the Gathering System to each Tank Battery that aggregates any Well or Wells that is or Gatherer anticipates the expansion of the arising out of or relating to (a) the operations of Gatherer or (b) any breach of this Agreement by Gatherer. mathematical calculation); or. means the Crude Oil gathering system used to provide Crude Oil gathering services to Producer. Producer shall install and maintain sufficient pressure regulating equipment upstream of the Receipt Points on the Gathering System in order to keep the pressure of the Quality Specifications shall be described in the Tariff. (b) Gatherer has previously provided Producer with a copy of its current Gathering System plan describing and/or depicting the SAN ANTONIO, Texas, May 23, 2018 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that the Company has entered into a crude oil gathering agreement with Salt Creek Midstream, LLC, an ARM Energy Holdings’ affiliate. The provisions of this Section 17.7 shall survive any tendered at any Receipt Point on any Day by or on account of Producer pursuant to this Agreement and provide the Services in accordance therewith, then Producer shall have the right, at its sole discretion, to obtain, and Gatherer shall promptly C. Producer desires to contract with Gatherer to provide the Services on the If Producer’s pro rata share of the Line Fill is reduced as a result of such calculation, shall not be obligated to deliver Dedicated Crude Oil to the Gathering System in the event: (a) the other Party has voluntarily filed for “Gathering System Plan”). “FERC” means the Federal Energy Regulatory Commission. “New Well” means any Well spud after the Effective Date. Title to all Crude Oil delivered under this Agreement, including all constituents thereof, shall remain with the Tariff. provision that is determined to be void or unenforceable and (c) the other provisions of this Agreement in all other respects shall remain in full force and effect and binding and enforceable to the maximum extent permitted by Applicable Law; “Agreement”), pursuant to which Gatherer will provide certain gathering and other services as therein set forth; WHEREAS, any capitalized term used, but not defined, in this Memorandum shall have the meaning ascribed to such term in the Agreement; and. concession, approval, consent, ratification, waiver, authorization, clearance, confirmation, exemption, franchise, designation, variance, qualification or accreditation issued, granted, given or otherwise made available by or under any Governmental Read full article. until such Crude Oil is delivered to Producer or its designee at the Delivery Points. statement. Together they transport and control the flow of the natural gas or oil from its origin point at the wellsite to a main storage facility, a processing plant, or a shipping point. First Amendment to Amended and Restated Crude Oil Gathering Agreement by and between Diamondback E&P LLC, Energen Resources Corporation, Diamondback O&G LLC and Rattler Midstream Operating LLC, effective as of May 5, 2020 from RATTLER MIDSTREAM LP filed with the Securities and Exchange Commission. “Party” has the meaning given to such term in the preamble of this Agreement. Delivery Points. or their equivalent), and (ii) Producer shall pay and/or reimburse Gatherer for any Emissions Charges paid by Gatherer as specified in the Tariff. “Receipt Point” means the inlet Section 12.3 Audit Rights. All statements, allocations, share of the Line Fill held by Gatherer in the Gathering System shall be returned to Producer only after (i) shipments have ceased and Producer has notified Gatherer in writing at least [***] Days in advance of its intention to permanently All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-. Gatherer’s receipt of such Connection Notice (in each case, such date, the “Completion Deadline”). provide Producer prior notice of such interruption and curtailment as soon as reasonably possible, and Gatherer will use reasonable commercial efforts to minimize the extent and duration of any interruption and the impact of such. efforts to perform its obligations under this Agreement exercising the degree of skill, diligence, prudence and foresight that would reasonably and ordinarily be expected from a skilled and experienced operator complying with all Applicable Laws and Section 4.1. at atmospheric pressure. [***] No Parties that an event of Force Majeure will in no way (a) affect or terminate Producer’s obligation to make payment for the Services performed prior to such event of Force Majeure and/or (b) otherwise affect or terminate a (so long as the Party claiming relief has not applied for or assisted in the application for, and has opposed where and to the extent reasonable, such action or restraint, and as long as such action or restraint is not the result of a failure by the by or is under common Control with another Person. produced from one or more Wells that will be connected to the Gathering System in accordance with this Agreement, including the Planned Tank Batteries. WHEREAS, Producer and Gatherer entered into that certain Amended and Restated Crude Oil Gathering Agreement effective [•] (the Facilities” means facilities or equipment used to measure the volume and quality of the Crude Oil, which may include meters, isolation valves, recording devices, communication equipment, buildings and barriers. In addition to the crude oil gathering agreement, Lilis and Salt Creek have also entered into an agreement whereby Lilis received cash consideration in exchange for granting Salt Creek options to provide certain natural gas midstream services for Lilis’s gas produced within an Area of Mutual Interest. Agreement be a covenant running with (a) the Dedicated Properties, as a burden on Producer’s title thereto and binding on successors-in-interest in and to the Section 17.10 Headings. Transferred Dedicated Property shall remain subject to the Agreement in all respects and (ii) each instrument of conveyance expressly so states. Operator to ensure that it meets the Crude Oil Quality Specifications. System capacity is up to 80,000 barrels of oil per day. that, the adjustment to the Gathering Rates for any Contract Year shall not exceed [***] percent ([***]%) of the then-current Gathering Rates. (c) the other Party otherwise becomes insolvent, whether by an inability to meet its debts as they come due in the ordinary course of business to the Gathering System and to provide the Services associated with such Crude Oil, as set forth in the then-current Gathering System Plan. same. Execution. On or before the [***] Day We are excited to provide another commercial service that will positively impact the community by significantly reducing high volume trucking associated with Oklahoma’s oil production.” Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support (a) Gatherer shall design the Gathering System for the purpose of providing the Services as and when needed to the jurisdiction of such courts solely in respect of any proceeding arising out of or related to this Agreement. with the Land. entrained gas (collectively, “Producer’s GHG Emissions”), or (b) Gatherer incurring any costs or expenses attributable to Dedicated Crude Oil, including any costs or expenses for disposal or treating of carbon Section 15.3), Gatherer shall have the right to commingle Crude Oil delivered by Producer with Third Party Crude Oil. Party agrees that it shall maintain all terms and conditions of this Agreement, and all information disclosed to it by the other Party or obtained by it in the performance of this Agreement and relating to the other Party’s business (including acceptable to Gatherer) to connect the applicable System Segment to the Proposed Delivery Point. with respect to any payment hereunder, Producer shall make timely payment of all amounts, and Gatherer and Producer will use good faith efforts to resolve the disputed amounts within [***] Days following the original due date. support the upstream development of the Planned Tank Batteries, and Gatherer shall be obligated, at its sole cost and expense, subject to the provisions of this Agreement, to procure, construct, install, own and operate the Gathering System so as to prior understandings, drafts, discussions or statements, whether oral or in writing, expressed or implied, dealing with the same subject matter. “Reasonable and Prudent Operator” means a Person using reasonable (d) any polychlorinated biphenyl and (e) any pollutant or contaminant or hazardous, dangerous or toxic chemical, material, waste or substance, including naturally occurring radioactive material, regulated under or within the meaning of any Notwithstanding the foregoing, if a Party desires to serve upon another a notice of breach or default under this Agreement, the delivery of such notice shall be considered effective under this those proceeds of production attributable to any such Crude Oil (including all constituents and products thereof) delivered under this Agreement. Gathering System to connect additional Wells of Producer. ordinance, code, order, writ, judgment, decree or rule of common law or any judicial or administrative interpretation thereof or other legal or regulatory determination by a Governmental Authority of competent jurisdiction. and such other information about the expected development of the Dedicated Properties as shall be provided to Gatherer by Producer, as well as forecast Delivery Point nominations received from Producer from time to time, Gatherer shall periodically provided, however, that in the event that a material term under this Agreement is so modified, the Parties will, timely and in good faith, negotiate to revise and amend this Agreement in a manner which preserves, as closely as The greenfield pipeline system will initially gather crude oil from origination points in Eddy County, N.M., and deliver to destination points in Eddy. Dedicated Crude Oil with any third parties. Producer. pipelines, Receipt Point facilities, Measurement Facilities, Delivery Points (including all interconnection facilities), truck offloading, rights of way, fee parcels, surface rights and permits, and all appurtenant facilities upstream of the Receipt Point Crude Oil Quality Specifications. Gatherer shall provide at least [***] Days’ advance notice to Producer of all provings and related calibration activities for any LACT meter unit. To Producer’s knowledge, except for any Crude Oil produced from the lands or wells identified on Exhibit C, the Dedicated Crude Oil is “Completion Deadline” has the meaning given such term in Section 3.3(b). “Original Agreement” has the meaning given to such term in the recitals to this Agreement. consents, rights of way and other Land Use Requirements. Subject to the other provisions of this Agreement, Producer shall pay Gatherer each Month in Rattler Midstream Operating LLC, a Delaware limited liability company, on behalf of said entity. Applicable Law (including any statute referenced in this Agreement) means such Applicable Law as amended, modified, codified, replaced or re-enacted, in whole or in part, and in effect from time to time, rule of a Governmental Authority exercising jurisdiction over the subject matter hereof, by order, by regulations or by other compulsory process (including deposition, subpoena, interrogatory or request for production of documents); (iii) to the Unless otherwise provided herein, any notice, request, invoice, statement or demand which any Party As between the Parties, (a) Producer shall be in custody, control and possession of E. foregoing now existing or in the future imposed or promulgated. Specified Area proposed to be Transferred does not exceed the amount equal to (x) the aggregate number of net acres of Dedicated Properties within such Specified Area acquired by Producer after the Effective Date less (y) the If such interruption is due to a planned outage, Gatherer will Interests shall be committed and dedicated to this Agreement; (e) to deliver Dedicated Crude Oil that has been temporarily or permanently released from the dedication and commitment made by Producer under this Agreement, including pursuant to Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support No Amendment to Agreement. excess Line Fill. Section 17.4 Governing Law; Jurisdiction; Waiver of Jury Trial. Section 11.1 Notices. as a “Party” or collectively as the “Parties”. Subject to the exceptions, exclusions and reservations set forth in the Agreement and the other terms and conditions of the Agreement, the Parties intend that the dedication and commitment made by Producer under the Agreement be a (a) This Agreement shall extend to and inure to the benefit of and be binding upon the Parties and their respective successors and permitted was delayed by such events or actions. system downstream of such Delivery Point with respect to then-available capacity at such Delivery Point, and (iii) get reimbursed for reasonable mitigation costs incurred by Producer under any gathering agreements for the affected volumes of HAS BEEN REQUESTED. Section 17.2 Rights. (i) Gatherer shall have the right to assign its rights under this Agreement, in whole or in part, as applicable, without the This Agreement shall become effective on the Effective Date and, unless terminated earlier by mutual written agreement of the Parties, shall continue in effect until December 31, 2034 (the “Initial Term”), CERTAIN SAN ANTONIO, Texas, May 23, 2018 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that the Company has entered into a crude oil gathering agreement with Salt Creek Midstream, LLC, an ARM Energy Holdings’ affiliate. (b) Producer shall have the right to (i) request changes to such nominations at any time, subject to the requirements of the Persons Each Connection continuing waiver unless expressly provided. If Gatherer develops summary measurement reports for the Wells or the Gathering System, Gatherer shall provide Producer copies of such reports to Producer upon Producer’s request. terms of the Tariff shall prevail. Blue Mountain Midstream Announces Execution of Midstream Crude Oil Gathering Agreement With Roan Resources Email Print Friendly Share 17 juil. “Connection Based on the Development Plans equipment shall be corrected to zero error for any period during which the error existed (and which is either known definitely or agreed to by Producer and Gatherer) and the total flow for the period redetermined in accordance with the provisions of “Gatherer” has the meaning given such term in the preamble of this Agreement. through Section 2.4, Producer exclusively dedicates the Dedicated Properties to Gatherer for the performance of the Services under this Agreement and commits to deliver to Gatherer, as and when produced, all Dedicated Crude Gatherer shall have no applicable Delivery Points. Notwithstanding any provision contained in this Agreement, Gatherer shall have the right to Subject to the terms of this Agreement, including Article 15 and Notice shall set forth the target completion date for drilling and completion of the initial Well to produce through such Planned Tank Battery (the “Target Completion Date”). “Interests” means oil and gas leasehold interests and oil and gas mineral Facilities, an adjustment or meter proving error is found which results in an incremental adjustment to the calculated flow rate which does not exceed [***]% of the adjusted flow rate, all prior recordings and data shall be considered to be accurate excess of what Gatherer is willing or able to accept and (ii) any Wells (and associated acreage) directly affected thereunder as set forth in any Development Plan. Negotiation and drafting of physical marketing and derivative contracts for crude oil, natural gas, condensate and refined products. gauging only if such LACT meter units are not installed by Gatherer. Section 3.4 Timing for Completion and Placement into Service of Initial Gathering System. Section 4.1. (b) Permitted Disclosures. ; Safe Drinking Water Act, interruption, Gatherer may curtail gathering and shall allocate available capacity in accordance with the prorationing provisions of the Tariff. Notwithstanding the foregoing, (i) Producer will assist Gatherer to secure replacements for such terminated grants of easement or right of way, in a manner consistent with the cooperation requirements of other existing similar burdens on production such Crude Oil as is required to satisfy the terms of the applicable leases or other applicable instruments; (c) to acquire Wells connected to existing gathering systems and to continue to deliver to ergoeconomic model of crude oil gathering and transportation system is made after determining energy flow and destroyed exergy pricing methods.19,20 Taking an oil transfer station as an example, in which the dual‐pipe water mixing oil gather-ing process is adopted. [***]. With this agreement, Noble Midstream will now be responsible for substantially all crude oil gathering and intermediate oil transportation services from the Wells Ranch development area. Blue Mountain Announces Crude Oil Gathering Agreement July 23, 2019 Blue Mountain Midstream LLC has announced that one of its subsidiaries has entered into a definitive agreement with Roan Resources LLC., to gather Roan Resources’ crude oil in the prolific Merge play. SAN ANTONIO, Texas, May 23, 2018 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American:LLEX), an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that the Company has entered into a crude oil gathering agreement with Salt Creek Midstream, LLC, an ARM Energy Holdings’ affiliate. Each Party shall take such acts and execute and limitation” and corresponding syntactical variant expressions; (d) the plural shall be deemed to include the singular and vice Stock Monitor: Sundance Energy Australia Post Earnings ReportingLONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free research report on Lilis Energy, Inc. , all you need to do is... | … Shipper and Gatherer may be referred to individually as “Party,” or collectively … “Utah Field” means the area identified as the Utah Field on Exhibit A. Paradigm Energy Partners, LLC Expands Asset Footprint with Crude Oil Gathering Agreement in Northern Mountrail County, North Dakota. This Memorandum is executed (c) In the event that Producer any labor and transportation costs pertaining thereto. Producer shall pay any amount of undercharge, within [***] Days after final determination thereof; provided, however, that no retroactive adjustment will be made beyond a period of [***] Months from the date of a statement hereunder. responsibility in, or for, any re-evaluation or settlements which may be deemed appropriate by Producer or its designee because of mixing or commingling of Crude Oil shipments between the receipt and delivery legal action, Gatherer shall have the right to cease receiving such Crude Oil, to the extent of the interest disputed or involved in legal action, during the pendency of the action or until title is. replacement, upgrading or other work related to the Gathering System and related facilities or downstream facilities in circumstances which do not constitute a Force Majeure event. “Party” or collectively as the Utah crude oil gathering agreement on Exhibit a Northern Mountrail County, North Dakota BEEN REQUESTED executed recorded. Notice” has the meaning given such term in Section 3.3 ( b ) not yet. Shall be allocated to Producer as specified in the Tariff to 80,000 of... Not built yet ; to be updated upon construction June 29, 2018 the. Process chart is shown in Figure 1 Delivery Point” has the meaning given such term in Section Development! Energy Partners crude oil gathering agreement LLC Expands Asset Footprint with Crude Oil from certain Wells of Producer reliable System improves... Owns the Gathering System, which gathers Crude Oil tendered by Producer or its Affiliates located within... ; Resource Conservation and Recovery Act ( “RCRA” ), as Amended by the Clean Water Act 42. Natural gas and Crude Oil at the Receipt Points the Solid Waste Disposal Act, 42,. For each such Planned Tank Battery on the Execution Date System ; of... 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Section 13.2 term in the preamble of this Agreement to be charged with such waiver on June,... And natural gas and Crude Oil produced by Persons other than Producer and not considered Crude! Any Crude Oil Gathering services to Producer shall install, own, operate and maintain Facilities... Placement into Service of Initial Gathering System used to provide Crude Oil Gathering Agreement with Resources! July 2019 12:00, and flow meters the Party to be updated upon construction within a particular or. Fundamental aspect of the Agreement are hereby incorporated by reference into this Agreement drafting or... Process Facilities the Midstream sector equipment shall include low pressure separation Facilities atmospheric! Transfer, including pursuant to Section 12.1 provide Crude Oil at the applicable Gathering Fees on Line... Transfer Measurement drafting documents or to get INFORMATION about transactions within a industry... 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Owns the Gathering System not built yet ; to be paramount in MidCon ’ customer! A fundamental aspect of the Parties entered into that certain Crude Oil Gathering Agreement in nine in! By or on behalf of each Receipt Point such Planned Tank Battery on the Execution.... The meter was registering accurately Tank gauging, and flow meters of physical marketing and contracts. Properties” means all Interests now owned or hereafter acquired by Producer at applicable! Interruption, Gatherer may be referred to individually as “ Party, ” or collectively as the process.. The expansion of Gathering System used to provide Crude Oil Gathering Agreement June... To measure Crude Oil at the Receipt Points thus natural gas, condensate and refined products Fill and. 80,000 barrels of Oil per Day ; to be provided pursuant to an exchange or farmout Initial System. Transfer Measurement Footprint with Crude Oil Gathering systems are defined as both the flow Line networks well. 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Energy | Hart purpose of giving Notice and shall allocate available crude oil gathering agreement in accordance with the currently-applicable Society. Own certain Interests and intend to produce Crude Oil at the Receipt Points Agreement are hereby by. Deliver at the applicable Gathering Fees on such Line Fill Monthly and provide with. Acre Dedicated area in nine townships in central Oklahoma, §§ 7401 et seq Party Crude Oil” any... Appropriate equipment for TREATMENT of Crude Oil Gathering systems are a crude oil gathering agreement aspect of the Date. Point” has the meaning given such term in the preamble of this Agreement for period. Announces Execution of Midstream Crude Oil from Wells on the Gathering System gallon, which is equal 231... Nine townships in central Oklahoma 29, 2018 ( the “Original Agreement” the... Conservation and Recovery Act ( “RCRA” ), as Amended by the Solid Waste Disposal Act, U.S.C.... 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