High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 11/27/2005, Docket: RP06- 53-000, Status: Effective
Second Revised Sheet No. 201 Second Revised Sheet No. 201 : Effective
Superseding: First Revised Sheet No. 201
FORM OF RESERVE COMMITMENT AGREEMENT
THIS RESERVE COMMITMENT AGREEMENT (Agreement) is made and entered into as of the ______
day of _____________________, ____, by and between High Island Offshore System, L.L.C. a
limited liability company of the State of Delaware 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.
1.1 Committed Lease(s). For purposes of this Agreement, "Committed Lease(s)" shall
mean those OCS leases set forth on Exhibit A hereto. The estimated proven
recoverable reserves from the Committed Lease(s) attributable to Shipper's
and/or its affiliates' interest or aggregated with other Shipper's interests in
such lease(s) which are committed to Transporter pursuant to this Reserve
Commitment Agreement shall meet the eligibility requirements set forth in Rate
Schedule FT-2 of Transporter's F.E.R.C. Gas Tariff. Shipper shall provide to
Transporter supporting documentation for the reserves estimate, technical
support data, and production development plans, including facilities design
capacity, subject to a mutually agreeable confidentiality agreement to confirm
Shipper's estimated proven recoverable reserves and to demonstrate Shipper's
authority to dedicate the Committed Lease(s) under the terms of this Agreement.
1.2 Affiliate. For purposes of this Agreement, "affiliate" shall mean any entity
controlling, controlled by, or under common control with the relevant entity.
For purposes of this definition, the term "control" (including derivative terms)
means the direct or indirect ability to direct the management and policy of the
relevant entity, whether by ownership, control of voting interests, contract or