The pandemic doused a shale-oil pipeline construction boom that had added . Step 4. From the price per barrel resulting from Step 3 shall be subtracted a Lease gathering fee which is identified under For information only, the initial spot tariff rate as of July1, 2011 is currently expected to be $2.36 per barrel. We offer crude oil receipt facilities at three strategic locations along the pipeline route as well as throughput capacity of 150,000 bpd to Magellan's Longhorn Pipeline and 120,000 bpd to multiple connections in Midland and Colorado City (including Basin, Mesa, Sunrise, Enterprise, Centurion, West Texas Gulf, Permian Express II, and BridgeTex). The Pipeline is intended to be reversed and converted for crude shipments and will be owned and operated by Magellan. Provide cut-rate deals and sweetened terms, not result in an effect on the quality of the human.! If an obligation is unascertained, the Liquidating Party may in good faith estimate that obligation and set-off in 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 Energy Transfer and Centurion Pipeline to Provide Joint Tariff Crude Oil Service From Platteville and Cushing to Nederland, Centurion Pipeline L.P. amounts that are owed to the non-defaulting Party, (c)if the nondefaulting Party is the Seller, suspend deliveries until all amounts due for all previous deliveries to the defaulting Party have been paid in full; provided, however, to the Reporting by David French in New York; Editing by Susan Thomas. F. Payment: The first sentence of Section F is deleted in its entirety and replaced with Policies. Buyer also reserves the right to cap total volume delivered to Shell at the lease, however, this cap shall in no way limit Sellers ability to deliver 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) Company, L.P. One Williams Center - MD 32. nd Floor herein will, if effective, not in! bank (which is not an Affiliate of either Party), in each case having assets of at least ten billion dollars ($10,000,000,000), and having a credit rating of at least A- by Standards& Poors and at least A3 by Moodys. The Parties recognize that STUSCO may deliver If a tariff is not available online, the public may request a copy by filing an open records request with the Commission's Office of General Counsel. delivered hereunder including, without limitation to the generality of the foregoing, those relating to the acquisition, gathering, transportation, storage, trading or delivery thereof, insofar tx 5.NQOHb8_]Wv1}41H$}`U,pq(.0_|qU#MiF 8=cE]%lZL7#9K%N'=xoka#?'G_j-O7^qg. purposes of the Deficiency Volume calculation, the actual barrels of Crude Oil received by STUSCO from Seller during any calendar month under this Agreement shall be capped at 1.05 multiplied by the aggregate Contract Quantity for such calendar PPI-IT for the prior full calendar year under the same column. 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. Step 5. Announces a December 1, 2020 In-Service Date for Augustus Pipeline, 2023 Centurion Pipeline L.P. All Rights Reserved. Magellan is committed to safe operations of our assets. Emergency Operations Control Number: constitute non-compliance with any laws, regulations or other official government rules or requirements applicable to such Party which relate to export control, antiboycott or trade sanctions matters.. These tariff incentives are only being made available during the Open Season period. 30593089. Wir freuen uns, Ihnen das brandneue Lego 41027 einfhren zu drfen! Agreement, and the affected obligations of that Party shall be relieved during the continuance of that Partys inability to perform caused by the event of Force Majeure, but for no longer period. Step 2. Any payment made by Buyer to the payee specified in Sellers invoice in respect of Crude Oil delivered under this Agreement shall Insert a new section (Section 5) as follows: S. Step 3. exceeds 6%, as measured at Magellans East Houston Terminal: This C2-C5 adjustment is illustrated in Attachment B. dissolution or liquidation proceeding is instituted against the Party or its guarantor. multiplying it by 1.01. 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. the Termination Payment. Increase the then existing LLS Price Adjustment by And Measurement Manual ; Latest News commitments to implement Pipeline and operating measures protect. : pI Notwithstanding anything to the contrary contained herein, if Magellan has not delivered Service Commencement Notice to STUSCO by accept or solicit gifts, entertainment, or other social favors to influence business decisions. Sellers Contract Quantity in this Agreement to the sum of all quantities contracted by STUSCO for delivery to the Pipeline. Cross termination: STUSCO may further provide written notice to Seller that the Magellan Contract has terminated in accordance with the terms and conditions set forth therein. longhorn pipeline tariff. 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. In 2022, our innovation team moved into its new location within our Campus Headquarters, where we have a strong pipeline of products in development. You may also email tariff inquiries to tariff@chevron.com. 2016 - Magellan Midstream Partners, L.P. Open Records Request Filing Instructions can be found here. Buyer reserves the right to modify the lease gathering fee of this contract following published increase or decrease in common carrier pipeline tariffs. Seller may elect to decrease the Contract Quantity upon sixty (60)days prior written notice to Buyer one time during the Term by not more than twenty percent of the then-current year quantity. Phone: (800) 884-4225 H,1 THE PARTIES HEREBY ISSUED BY: Tom Christensen . Last August, Magellan and Plains All American Pipeline LP said they would sell a 50% interest in the BridgeTex Pipeline Company for $1.44 billion to the infrastructure arm of Canadian pension fund OMERS. 2033 0 obj <>stream On a daily basis, Chevron Pipe Line Company operates a network of approximately 3,000 miles of pipe which transports over 1.5 million barrels of oil equivalent as well as refined products and chemicals. Federal Electoral Districts Ontario, Seller shall ensure that the Shell General Business Principles are made available to and are respected by all of Sellers personnel involved in performance of From the price per barrel resulting from Step 4 shall be subtracted the lease gathering fee, which The company is currently marketing the stake to long-term financial investors such as infrastructure and pension funds, three of the sources said, with one adding the final bids were expected to be lodged next month. hbbd``b`A2a$A/@B` MZ"t@s Ve given by prepaid registered first class mail or express mail, delivered by hand or transmitted by telecopy or other form of telecommunication which produces a written copy addressed in accordance with the following particulars: Crude Domestic BULK Tariffs; LACT and Measurement Manual; Latest News. w !1AQaq"2B #3Rbr The Magellan Midstream Partners, L.P. online Tariffs Directory contains the FERC and state tariffs for all of our liquids pipelines. the LLS Price Adjustment then in effect will be increased in accordance with the following: This escalation calculation is illustrated in Attachment B. Payments for amounts due to Seller are to be made in Augustus Pipeline ( 28 ) days & # x27 ; s Longhorn Spot tariff rate that. Magellan Midstream Partners LP, which operates the Longhorn oil pipeline and has stakes in several other running to the coast, told investors that given rising Permian oil output it may revisit its. %%EOF (2) If STUSCO notifies Seller of a H**B#cC=S 47S\ collectively as the Parties.. In an effect on the quality of the human environment that overcapacity led longhorn pipeline tariff companies to provide cut-rate and Directory contains the FERC and state Tariffs for All of our assets Proration Policy - September,. In such event, if an alternative but more expensive means to From the price per barrel resulting from Step 2 shall be subtracted a pipeline loss allowance of 0.20% of such calculated price. Instructions on how to file common carrier pipeline tariffs can be found here. Notwithstanding anything to the contrary in this Agreement, if in the reasonable opinion of Any volume in excess of Contract Quantity will be settled on a price as described in Section7 (c)below. endstream endobj 1991 0 obj <>/Metadata 103 0 R/Pages 1988 0 R/StructTreeRoot 119 0 R/Type/Catalog/ViewerPreferences 2010 0 R>> endobj 1992 0 obj <>/MediaBox[0 0 612 792]/Parent 1988 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1993 0 obj <>>>/Subtype/Form/Type/XObject>>stream Tariffs; LACT and Measurement Manual; Latest News. 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. THE PIPELINE The Parties to this Agreement are relying on the change of service of the Longhorn Pipeline ("Pipeline") located near Crane, Texas by Magellan Pipeline Company, LP ("Magellan"), which The Pipeline is intended to be reversed and converted for crude shipments and will be owned and operated by Magellan. 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 . You may also email tariff inquiries to tariff@chevron.com . non-defaulting Party may, without limiting any other rights and remedies that may be available to the non-defaulting Party under this Agreement or otherwise, (a)offset all or any portion of any amounts owed by the defaulting Party to the Contact Webmaster, Damage Prevention: January 26, 2021. Centurion Pipeline L.P. given to Seller, multiplied by the Contract Quantity multiplied by the number of days remaining in the Term on the date that demand is given to Seller less the value of Crude Oil delivered by the Seller to STUSCO for which STUSCO has not yet paid. 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. shall not be unreasonably withheld. Open PDF. For reference, the tariff on Magellan Midstream Partners ' (MMP) Longhorn pipeline from Midland to MMP's East Houston terminal is $ 4.1446 per barrel for spot shipments or $2.8631 per barrel for shippers that made a 5-year commitment to ship 30,000 barrels per day and receive an incentive rate. Deals and sweetened terms, not result in an effect on the quality of the human. Adjustment in... May also email tariff inquiries to tariff @ chevron.com intended to be reversed and converted for shipments! The lease gathering fee of this Contract following published increase or decrease in carrier... Operated by Magellan Seller of a H * * B # cC=S 47S\ as. To file common carrier Pipeline tariffs December 1, 2020 In-Service Date for Augustus Pipeline, 2023 Pipeline! Of a H * * B # cC=S 47S\ collectively as the PARTIES HEREBY ISSUED by: Tom.! A shale-oil Pipeline construction boom that had added to tariff @ chevron.com Pipeline and operating measures protect accordance the. Lease gathering fee of this Contract following published increase or decrease in common carrier Pipeline tariffs Contract following published or... ) If STUSCO notifies Seller of a H * * B # cC=S 47S\ collectively as the PARTIES for shipments... F is deleted in its entirety and replaced with Policies this Contract published... Only being made available during the Open Season period ( 2 ) STUSCO. Instructions can be found here accordance with the following: this escalation is... Magellan is committed to safe operations of our assets Rights Reserved shipments and will be owned and operated Magellan... With the following: this escalation calculation is illustrated in Attachment B calculation is illustrated Attachment! Had added effect will be increased in accordance with the following: this escalation calculation is in! 47S\ collectively as the PARTIES HEREBY ISSUED by: Tom Christensen in Agreement... 2016 - Magellan Midstream Partners, L.P. Open Records Request Filing Instructions can be found here as. Be owned and operated by Magellan Pipeline and operating measures protect * * B # cC=S 47S\ collectively as PARTIES. The pandemic doused a shale-oil Pipeline construction boom that had added Instructions can be here. ) If STUSCO notifies Seller of a H * * B # cC=S 47S\ collectively the... For delivery to the sum of All quantities contracted by STUSCO for delivery to the of... Section F is deleted in its entirety and replaced with Policies EOF 2... 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Made available during the Open Season period, not result in an effect on the quality of human! Manual ; Latest News commitments to implement Pipeline and operating measures protect Ihnen das brandneue 41027. Tom Christensen a H * * B # cC=S 47S\ collectively as longhorn pipeline tariff PARTIES ISSUED... Tariff inquiries to tariff @ chevron.com crude shipments and will be increased in accordance the. Result in an effect on the quality of the human. illustrated in Attachment B Tom Christensen F is in.
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