Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 04/05/2007, Docket: RP07-130-001, Status: Effective

First Revised Sheet No. 299 First Revised Sheet No. 299 : Effective

Superseding: Original Sheet No.299

 

FORM OF RESERVE COMMITMENT AGREEMENT

 

 

THIS RESERVE COMMITMENT AGREEMENT (Agreement) is made and

entered into as of the _____ day of ___________, ______, by

and between MISSISSIPPI CANYON GAS PIPELINE, LLC, a Delaware

Limited Liability Company, hereinafter referred to as

"Transporter" and __________________, a ________________

Corporation, hereinafter referred to as "Shipper."

Transporter and Shipper shall collectively be referred to

herein as the "Parties".

 

 

ARTICLE I

DEFINITIONS

 

1.1 COMMITTED FIELD(S) - shall mean those Field(s) and

associated blocks/leases 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 Facility all

natural gas produced by or for the account of Shipper

from the Committed Field(s) for the economic life of

the Committed Field(s).

 

2.2 In the event Shipper should transfer or assign any or

all of its rights, title and/or interest in the

Committed Field(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 Committed Field(s) remain

dedicated for purposes of transportation to

Transporter's Facility for the economic life of the

Committed Field(s). All of the provisions of this

Agreement shall be applicable to assignees of