Dauphin Island Gathering Partners

Original Volume No. 1

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Effective Date: 01/10/1999, Docket: RP99-181-000, Status: Effective

First Revised Sheet No. 338 First Revised Sheet No. 338 : Effective

Superseding: Substitute Original Sheet No. 338

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.