High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 04/01/2000, Docket: RP99-227-004, Status: Effective
Original Sheet No. 210 Original Sheet No. 210 : Effective
FORM OF RESERVE COMMITMENT AGREEMENT
(Continued)
EXHIBIT A
COMMITTED LEASE(S)
EXHIBIT B
Example: Permanent Release
Under Section 2.5
Assumptions:
- Year 2001
- Shipper A: - has MDQ of 100,000
Dth/day under its FT-2 Service Agreement
has then current production (as of 1/l/2001)
from Committed Lease(s) of 130,000 Dth/day, but
expects its production from such fields to
increase to 175,000 Dth/day beginning 1/l/2002,
to remain at 175,000 Dth/day through 12/31/2003
and to decline to 120,000 Dth/day beginning
1/l/2004 (and thereafter to remain at that
level)
Shipper has been receiving 20,000 Dth of IT and
10,000 Dth of Shipper's current production has
been interrupted for 90 consecutive days (thru
12/31/2000)
Procedures:
1. Shipper on 1/l/2001 requests permanent release of quantities of gas
in excess of quantities of FT-2 service available to Shipper with
respect to future delivery periods.
2. By 5/l/2001, Transporter notifies Shipper of the actions it proposes
to take and any additional MDQs available to Shipper under its FT-2
Service Agreement in such future delivery periods.