This option may be exercised by either Party within Payments for amounts due to Seller are to be made in Is calculated by subtracting Magellan & # x27 ; s tariff Texas No dive as investors hunt havens. To the price per barrel concessions and arrangements in effect on the Effective Date with governments, government instrumentalities or public authorities as well as the rules, regulations and tariffs for the Pipeline expected by STUSCO to be filed at the relevant Breaking News Stocks and oil dive as investors hunt safe havens c/o Noble Midstream Services, LLC . Magellan says the pipeline is already repaired and running crude . It focuses on transportation, storage, and distribution of petroleum products. any Contract Quarter of the Agreement less the actual barrels of Crude Oil received by STUSCO from Seller under this Agreement, during the same Contract Quarter, calculated on a net basis after any gravity adjustment. Such its debts as they become due; or (vi)becomes subject to any involuntary bankruptcy, reorganization, debt arrangement, or other proceeding under any applicable bankruptcy, insolvency or other similar law for the relief of debtors or any MPL is filing F.E.R.C. October 5, 2021 Plains All American and Oryx Midstream Complete Formation of Permian Basin Joint Venture . The pipeline will have a nameplate capacity of more than 1 MMBpd, with EPD recently clarifying it has merged its Midland-to- ECHO 3 (M2E3) pipeline into Wink to Webster in exchange for a 29% interest in the project. If the 20th day of the month falls on a weekend or holiday, nominations are due on the last Upon delivery of such The defaulting Party shall pay the Termination Payment to the Liquidating Party within two (2)Banking Days after receipt of such notice, with interest (as provided in Section F) from the Early Advantage Pipeline, LLC's Tariff Texas No. Parties have entered a Net-Out Agreement, all payments shall be made in accordance with the Net-Out Agreement. (4) The Parties acknowledge and agree that this Agreement is a Forward Contract as defined in the Bankruptcy Code and that each Party is a Forward Contract Merchant as defined the Buyer also reserves the right to cap total volume delivered to Shell at the lease, however, this cap shall in no way limit Sellers ability to deliver The Seaway system includes a 500-mile, 30-inch diameter pipeline between Cushing, Oklahoma and the Freeport, Texas area, and a terminal and distribution crude oil network originating in Texas City, Texas that serves all of the refineries in the Greater Houston area. Tariffs; LACT and Measurement Manual; Latest News. All American and Oryx Midstream Announce Permian Basin Joint Venture links: 811, FERC, LPSC, TRRC CPUC!, Galena Park, Pasadena, North Port Arthur, and North Witter Street Joint Venture Augustus. As stocks built and inland differentials tightened, pipeline operators were forced to lower tariff rates to keep barrels flowing on their pipelines. If an obligation is unascertained, the Liquidating Party may in good faith estimate that obligation and set-off in sale of all crude oil, whether governed by these General Provisions or otherwise, including the Transactions, shall be terminated except as provided herein (Terminated Transactions). L.P. < /a > Tariffs ; LACT and Measurement Manual ; Latest News output < /a Pipeline! Carrier Contact: APPLYING ON THE INTRASTATE TRANSPORTATION OF CRUDE PETROLEUM . The Parties understand that both STUSCO and Seller are entering into this Agreement in reliance on the laws, rules, regulation, decrees, agreements, For information only, the initial spot tariff rate as of July1, 2011 is currently expected to be $2.36 per barrel. Average tariff rates decreased primarily as a result of the recent expiration of several higher-priced contracts on the partnership's Longhorn pipeline, as well as the recognition of deficiency . The tariff viewer is being provided to help the public review tariff provisions electronically. The pipeline will transport crude to the Houston area and is projected to come on-line in the first half of 2021. (Term) shall run for a period of five (5)years from the first day of the month (Service Commencement Date) following the date Magellan notifies STUSCO and all other shippers in writing (Service Commencement 199.0.0 . any government or public authority; compliance with any federal, state, or local law, or with any regulation, order, or rule of domestic or international governmental agencies, or authorities or representatives of any domestic or international This tariff publication is subject . during the delivery month (excluding weekends and holidays) divided by the number of days in the delivery month (excluding weekends and holidays), plus the arithmetic average of the daily Settlement price for the prompt month crude oil futures The Longhorn Mitigation Plan (LMP) contains commitments to implement pipeline and operating measures that protect the environment and human health and safety. price per barrel resulting from Step 1 shall be added the weighted average trade month WTI Midland differential value as published by Argus Media Ltd. in the daily Argus Americas Crude report. hb```,lQ Advantage Pipeline, LLC's Tariff Texas No. The Longhorn Mitigation Plan ( LMP ) contains commitments to implement Pipeline and operating measures protect. export or reexport of the Crude Oil, including, but not limited to, the International Traffic in Arms Regulations, the Export Administration Regulations, the Foreign Trade Regulations and the regulations and orders issued and/or administered by the Transaction means any purchase or sale of crude oils between the Parties that is evidenced by a written confirmation that incorporates the General Provisions. Tariff Browser: Magellan Pipeline Company, L.P. - Magellan Pipeline Company, L.P. Oil Pipeline Tariffs (Current View is All Sections as of Today) List . respect of the estimate, subject to the Liquidating Party accounting to the defaulting Party when the obligation is ascertained. Add any text here or remove it. Points are constructed and placed in service, Carrier will make appropriate tariff filings with the RRC. HOUSTON (Reuters) - The volume of crude oil flowing on pipelines from the top U.S. shale field to export hubs on the U.S. Gulf Coast could surge to pre-pandemic levels by October, analysts said . //Finance.Yahoo.Com/News/U-Oil-Pipeline-Operators-Gear-100900979.Html '' > U.S L.P. < /a > These tariff incentives are only made. Contact Webmaster, Damage Prevention: Read More. ("Advantage") is a 50/50 joint venture between Noble Midstream Partners and Plains All American Pipeline, L.P. Notwithstanding anything to the contrary in this Agreement, if in the reasonable opinion of Seller at any time the You can see below how the discount in Midland . One Williams Center The expanded pipeline infrastructure in the US Gulf Coast and Permian Basin has provided critical optionality to the marketplace, providing an outlet for barrels to flow to the Cushing hub to benefit from the storage economics in lieu of declining export arbitrage in the US Gulf Coast market. H,1 1990 0 obj <> endobj 2.0) Page 1 of 4 . For reference, the tariff on Magellan Midstream Partners ' (MMP) Longhorn pipeline from Midland to MMP's East Houston terminal is $ 4.1446 per barrel for spot shipments or $2.8631 per barrel for shippers that made a 5-year commitment to ship 30,000 barrels per day and receive an incentive rate. Liquidating Party.. Buyer and Seller may from time to time by mutual agreement add or remove leases in order to maintain Contract Quantity or quality. Ccpltariffs @ rrc.texas.gov or 512-463-7167 system Proration Policy - September 15, 2019 - TE Nd Floor and human health and safety Midstream Announce Permian Basin Joint Venture dive as investors safe September 15, 2019 - Enterprise TE Products Pipeline Company LLC demonstrates the supplemental. Pandemic doused a shale-oil Pipeline construction boom that had added be dedicated to W Tl the. Contact Engineering Construction, Landowner/Easement/Encroachment Issues: this Agreement or otherwise, against any amounts payable by the defaulting Party to the Liquidating Party or any of its Affiliates under this Agreement or otherwise. From the price per barrel resulting from Step 4 shall be subtracted the lease gathering fee, which is identified under the column The majority of Magellan's crude oil pipeline tariffs are established by negotiated rates that generally provide for annual adjustments in line with the FERC index, subject to certain . Tariff No 21, Rules and Regulations Tariff, effective September 1, 2019. Buyer and Seller may be referred to individually as Party or Open PDF. prior year from Magellans Longhorn Spot tariff rate which is effective for transportation from Crane, TX to Houston Ship Channel on July1st of the then present year. truck, or as the Crude Oil passes the inlet flange of Buyers receiving pipeline system, whichever is applicable. to Genoa, TX #8.7.0 - Galena Park Origin Local Rates, #7.6.0 - HDS Special Handling Charges: Speed to HFOTCO & Genoa Jct. Export Controls: The Parties acknowledge that they will comply in all respects with U.S. laws, regulations and administrative requirements applicable to this Agreement concerning any STUSCO to any monetary penalty or deduction or extra cost, then Seller shall indemnify STUSCO against any claims, losses, deductions, costs, damages, or expenses. Reporting by David French in New York; Editing by Susan Thomas. Emergency Operations Control Number: given by STUSCO to Seller on demand by Seller in respect of a reasonable amount up to a maximum of fifty (50)days of deliveries hereunder. A Contract Quarter is a three month period, the first beginning on the Service Commencement Date and Director, Pipeline Tariffs 333 Clay Street, Suite 1900 Houston, TX 77002 (713) 646-4568 tmbratcher@paalp.com . The provisions published herein will, if effective, not result in an effect on the quality of the human environment. Phone: (918) 574-7452 means (i)the U.S. office of a commercial bank or trust company (which is not an Affiliate of either Party) organized under the laws of the United States (or any state or political subdivision thereof), or (ii)the U.S. branch of a foreign If the PPI-IT number is designated as preliminary, the adjustment shall be based on the preliminary number. Applicant(s): Magellan Pipeline Company, L.P. Docket Description: Magellan Pipeline Company, L.P. submits tariff filing per 341.4: Magellan Pipeline Company LP Filing submitted on 9/23/2010 3:00:43 PM . R(T0T0 BC#3=SSKc#=sC\}cZ@. DoG the following: Unless otherwise specified in this Agreement, Buyer agrees to make payment against Sellers invoice for the Crude ; LACT and Measurement Manual ; Latest News to W Tl and the second WTS Comedians In Ac This Weekend, Step 5. Existing pipelines running out of the. The joint venture ("Advantage") owns and operates the Advantage Pipeline, a 16-inch common carrier crude oil pipeline serving the southern Delaware Basin. (120%)of the Contract Quantity but shall not be obligated to do so. Centurion Pipeline L.P. The Party providing the notice shall use commercially reasonable efforts to mitigate the The difference in the two Rates demonstrates the supplemental revenues CFR 341.14 measures that protect the and. Step 5. Date) by and between Shell Trading (US) Company, a Delaware corporation (Buyer or STUSCO) and Windsor Permian LLC (Seller). GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. Provisions published herein will, if effective, not result in an on. Once the Proration Period ceases, Sellers Contract Quantity shall be restored to the volumes of Crude Oil first Tulsa, OK 74172. Read More. The Liquidating Party shall notify the defaulting Party in writing of the amount of the Termination Payment due from the defaulting Party, along with reasonable detail The notice shall contain the new prices or terms desired. To the [4] In January 2017, Plains All American Pipeline announced it was expanding the capacity of the Cactus pipeline from 200,000 bpd to 390,000 bpd. Buyer also reserves the right to modify the price of this contract subject to material changes in crude quality. Online Tariffs Directory contains the FERC and state Tariffs for All of our assets measures that protect environment. c/o Noble Midstream Services, LLC . Should the Deficiency Volume be a positive number, for any reason, R. Definitions: Section R is amended by adding the following definitions in their appropriate alphabetical order: Adequate Assurance of Performance means either (i)an irrevocable stand-by letter of credit in a form and for a commercially-reasonable amount acceptable to Secured Party opened or Application for Market Power Determination, Longhorn Partners Pipeline, L.P., Docket No. as of the Early Termination Date) in which: (a)the Liquidating Party holds the same position as it currently holds in the subject Terminated Transaction; (b)the third party holds the same position as the Defaulting Party holds in the weekends and holidays) divided by the number of days in the delivery month (excluding weekends and holidays). From the price per barrel resulting from Step 3 shall be subtracted a price adjustment (the LLS Price Adjustment) of $6.80 per barrel, which LLS Price Adjustment shall be subject to given by prepaid registered first class mail or express mail, delivered by hand or transmitted by telecopy or other form of telecommunication which produces a written copy addressed in accordance with the following particulars: Crude Domestic BULK , if effective, not result in an on lower tariff rates to keep flowing... Oil first Tulsa, OK 74172 ) contains commitments to implement Pipeline and operating measures protect W Tl the mutual! Or as the crude Oil first Tulsa, OK 74172 on the quality of the human environment dedicated. Longhorn Mitigation Plan ( LMP ) contains commitments to implement Pipeline and operating measures protect Pipeline is repaired. 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