Sea Robin Pipeline Company
First Revised Volume No. 1
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Effective Date: 08/04/1997, Docket: RP97-411-003, Status: Effective
First Substitute Original Sheet No. 234 First Substitute Original Sheet No. 234 : Superseded
Superseding: Original Sheet No. 234
EXHIBIT B
Reserve Commitment Agreement
Example: Permanent Release
Under Section 2.5
Assumptions:
- Year 2001
- Shipper A: - has MDQ of 100,000
Mcf/day under its FTS-2 Service Agreement
- has then current production
(as of 1/1/2001) from Committed Leases of
130,000 dt/day, but expects its production
from such fields to increase to 175,000
dt/day beginning 1/1/2002, to remain at
175,000 dt/day through 12/31/2003 and to
decline to 120,000 dt/day beginning
1/1/2004 (and thereafter to remain at that
level)
- Shipper has been receiving
20,000 dt of IT and 10,000 dt of Shipper's
current production has been interrupted
for 90 consecutive days (thru 12/31/2000)
Procedures:
1. Shipper on 1/1/2001 requests permanent release
of quantities of gas in excess of quantities of FTS-2
service available to Shipper with respect to future
delivery periods.
2. By 5/1/2001, Company notifies Shipper of the
actions it proposes to take and any additional MDQs
available to Shipper under its FTS-2 service agreement in
such future delivery periods.