Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective

Original Sheet No.301 Original Sheet No.301 : Effective

 

 

FORM OF RESERVE COMMITMENT AGREEMENT

(continued)

 

2.4 Temporary Release

 

(a) Shipper shall be released from its obligations

under Section 2.1 with respect to any quantities

of Shipper's production from the Committed

Field(s) in excess of the capacity available on

Transporter's Facility (i) under Shipper's

existing Transportation Service Agreement(s),

(ii) under Rate Schedule IT-1 and (iii) for

commitment to firm service (referred to herein as

"Excess Deliverability"). In the event of Excess

Deliverability, Shipper shall be released from its

obligations under Section 2.1 with respect to the

Impacted Quantities pursuant to the provisions of

subsection 2.4(d).

 

(b) Shipper shall be released from its obligations

under Section 2.1 with respect to any quantities

of Shipper's production from the Committed

Field(s) up to the MDQ under Shipper's existing FT-

1 or FT-2 Transportation Service Agreement(s) that

Transporter is unable to accept for transportation

(referred to herein as "Transporter Inability").

In the event of Transporter Inability, Shipper

shall be released from its obligations under

Section 2.1 with respect to the Impacted

Quantities pursuant to the provisions of

subsection 2.4(d).

 

(c) For purposes of Sections 2.4 and 2.5, Impacted

Quantities shall mean those quantities of

Shipper's production from the Committed Field(s)

in excess of the combined quantities that

Transporter could transport, on a firm or

interruptible basis for Shipper. The Impacted

Quantities shall be deemed to be the last

quantities produced, so that any release under

Section 2.4 or 2.5 is applicable only to the daily

production quantity in excess of the quantity that

Transporter is able to accept into Transporter's

Facility on a given day.

 

(d) Shipper and Transporter shall discuss the cause

and anticipated duration of any Transporter

Inability or Excess Deliverability. Shipper will

limit any