Dauphin Island Gathering Partners

First Revised Volume No. 1

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Effective Date: 03/16/1999, Docket: CP98- 6-003, Status: Effective

Original Sheet No. 389 Original Sheet No. 389 : Effective

 

 

FORM OF FT-2 (MP) RESERVE COMMITMENT AGREEMENT

 

 

THIS FT-2 (MP) RESERVE COMMITMENT AGREEMENT ("Agreement") is made and

entered into as of the _____ day of ___________, 199__, by and between Dauphin Island Gathering

Partners, a Texas general partnership, hereinafter referred to as "Transporter" and __________________, a

________________, hereinafter referred to as "Shipper." Transporter and Shipper shall collectively be

referred to herein as the "Parties".

 

ARTICLE I

 

DEFINITIONS

 

1.1 DEDICATED LEASE(S) - shall mean Shipper's working interest in those lease(s) set

forth on Exhibit "A" hereto.

 

1.2 Capitalized terms not defined herein shall have the meaning ascribed thereto in

Transporter's FERC Gas Tariff.

 

ARTICLE II

 

RESERVE DEDICATION

 

2.1 Subject to the provisions of Sections 2.3, 2.4 and 2.5 of this Agreement, Shipper hereby

agrees to deliver into and transport through Transporter's MP Facility all natural gas

produced by or for the account of Shipper from, and attributable to Shipper's working

interest in, or controlled by Shipper and produced from, the Dedicated Lease(s) for the

economic life of the Dedicated Lease(s).

 

2.2 In the event Shipper should transfer or assign any or all of its rights, title and/or interest

in the Dedicated Lease(s), Shipper agrees that any such transfer or assignment will be

made subject to the terms of this Agreement, it being the intent of the parties hereto that

the Dedicated Lease(s) remain dedicated for purposes of transportation through

Transporter's MP Facility for the economic life of the Dedicated Lease(s). All of the

provisions of this Agreement shall be applicable to assignees of Shipper's interests in the

Dedicated Lease(s) and such assignees shall receive a proportionate assignment of the

rights and obligations hereunder with respect to the Dedicated Lease(s) so assigned, to

the extent that such assignee satisfies the requirements of Section 6.3 of Rate Schedule

FT-2 (MP). Upon such assignment, Shipper shall be relieved of its obligations accruing

on or after the effective date of the assignment to the extent, and only to the extent, such

obligations are so assigned to the assignee.