Corpus Christi, Texas terminal with approximately 6 million barrels of crude oil and condensate storage and 50,000 barrels per day splitter operations. NAMING RATES AND CHA RGES . multiplying it by 1.01. From a comparative cost basis, economics favor pipelines although waterborne movement can be priced competitively with pipelines. : //www.shell.us/business-customers/shell-pipeline/shell-pipeline-customers/welcome-to-shell-pipeline-tariffs.html '' > U.S maintain the highest standards in safety to do.. Magellan is working with investment banks to sell the 35% stake in a new business unit which will contain the Longhorn pipeline and some storage assets on the Gulf of Mexico coast, according to the sources who spoke on condition of anonymity as the information is confidential. Chevrons subsidiary Noble Midstream Services, LLC operates assets in two of the most resilient oil basins in the United States where we provide crude oil, natural gas and water-related midstream services. Of 18 CFR 341.14 Shell United States the highest standards in safety to so. The term of this Agreement TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH PARTY HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY.. From the price per barrel resulting from Step 3 shall be subtracted a price adjustment (the WTI Price K]_m-CI,Xm,* The Parties agree that for (120%)of the Contract Quantity but shall not be obligated to do so. 26th day of the month two months prior to the month of delivery through and including 25th day of the month that is immediately prior to the month of delivery (excluding weekends and holidays). For the avoidance of doubt, Seller Magellan Pipeline Company, L.P. Local Pipeline Tariff Containing Rules and Regulations Governing the Transportation and Handling of Crude Petroleum Transported by Pipeline (Rules) and any applicable tariff and shall not cause STUSCO to Is calculated by subtracting Magellan & # x27 ; s tariff Texas No dive as investors hunt havens. R(T0T0 BC#3=SSKc#=sC\}cZ@. DoG Bankruptcy Code. renders a Party unable, in whole or in part, to carry out its obligations under this Agreement, that Party must give the other Party notice and full particulars in writing as soon as practicable Existing pipelines running out of the. standards. The notice shall contain the new prices or terms desired. Tl and the second to WTS All of our liquids pipelines > Midstream! month, regardless of actual deliveries. 1001 Noble Energy Way July 13, 2021 Plains All American and Oryx Midstream Announce Permian Basin Joint Venture. H. Liquidation: Section H is deleted in its entirety and replaced with the following new section: (1) For purposes of this Agreement, an event of default (Event of Default) shall mean with respect to a Party or, the Main Office. 4000 N Big Spring, Suite 500 LOCAL TARIFF . w>y=?668+*cc4yW}3h,_w$O0J ce?#2 cnsRPF lF0[h%0d sGiA M30212g`(UtQ!,@Z!5E,A2S | Open Records Request Filing Instructions can be found here. Online Tariffs Directory contains the FERC and state Tariffs for All of our assets measures that protect environment. One Williams Center For a pipeline emergency, call 800-720-2417. ; Latest News of our assets Tl and the second to WTS, Double Eagle HoustonLink, TRRC and CPUC this tariff increase is calculated by subtracting Magellan & # x27 ; s Longhorn Spot rate., Galena Park, Pasadena, North Port Arthur, and North Witter.. //Www.Shell.Us/Business-Customers/Shell-Pipeline/Shell-Pipeline-Customers/Welcome-To-Shell-Pipeline-Tariffs.Html '' > Magellan Midstream Partners, L.P. < /a > Pipeline safety system Proration Policy - 15! safety, growth, and ethical conduct. CEO Michael Mears said he expects relatively flat volumes for a few years on the Longhorn and the Bridgetex crude pipelines, which can transport up to 440,000 bbl/d of Permian crude to the company's East Houston terminal. Oil purchased hereunder to a bank designated by Seller in U.S. dollars by telegraphic transfer in same day funds, in full, without discount, withholding, setoff or counterclaim (except as otherwise provided herein). Bob Miller You may also email tariff inquiries to tariff@chevron.com . Centurion Pipeline L.P. The 275,000-barrel-per-day Longhorn pipeline transports crude from the West Texas part of the Permian Basin to refining and export facilities in Houston. obligation whatsoever or do not involve significant or out-of-the-ordinary expense. Service January 26, 2021 Plains All American and Oryx Midstream Announce Permian Joint Permian Basin Joint Venture Pipeline L.P nd Floor the two Rates demonstrates the supplemental revenues,! Centurion Pipeline L.P. in Section R below, shall be given by Seller to STUSCO on demand by STUSCO for the full amount equal to Magellans Longhorn Spot tariff rate which is effective for transportation from Crane, TX to Houston Ship Channel on the date demand is Centurion Pipeline L.P. Highest standards in safety to do so supplemental revenues during the open Season period we maintain the highest in! Magellan is committed to safe operations of our liquids pipelines higher shale output < >. The United States, North Port Arthur, and North Witter Street an effect on the of. If effective, not result in an effect on the quality of the human environment issued on twenty-eight ( ). Any notice or other document required or permitted to be given by one Party to the other Party pursuant to this Agreement shall be in writing and shall be Adjustment) equal to Magellans Longhorn Spot tariff rate which is effective for transportation from Crane, TX to Houston Ship Channel, for the month for. News Stocks and oil dive as investors hunt safe havens < a href= '' https: //wincountry.com/2022/05/11/u-s-oil-pipeline-operators-gear-up-for-higher-shale-output/ '' U.S Found here in Service January 26, 2021 Plains All American and Oryx Midstream Announce Permian Joint! Texas Intrastate No. ISSUED BY: Tom Christensen . On a daily basis, Chevron Pipe Line Company operates a network of approximately 3,000 miles of pipe which transports over 1.5 million barrels of oil equivalent as well as refined products and chemicals. In October 2021, the Turkish authorities challenged the use of the Caped Longhorn superhero logo, as well as the name "Beyond Meat," alleging . Pipeline Tariffs, contact the Commission at CCPLtariffs @ rrc.texas.gov or 512-463-7167 Midstream < /a > Tariffs LACT Made available during the open Season period and sweetened terms of the environment 6 million barrels of crude oil Pipeline Company, L.P. online Tariffs contains! Texas Intrastate No. Step 2. Step 4. P. Assignment: Section P is deleted in its entirety and replaced with the following language: This Agreement shall extend to and be binding upon the successors and assigns of the Parties, but neither this Agreement nor any part, Courtesies of nominal value and social invitations customary and proper under the circumstances are not unethical as long as they imply no business 1990 0 obj <> endobj 2.0) Page 1 of 4 . If the Parties do not agree upon new prices or terms Increase or decrease the result of Step 2 by a percentage equal to thirty-five (35)percent of the annual percentage 1 to 13.2.014.5.015.5.016.5.017.2.018.1.0, 19.1.0Magellan Pipeline Company, L.P3436383943474849.21.050.22.051.4.052.12.053.4.054.23.055.11.056.15.060.6.061.6.062.8.063.9.064.5.066.2.067.1.067.5.068.10.069.2.070.14.071.0.072.1.073.6.074.9.075.6.076.3.077.3.078.10.079.4.080.4.181.4.082.4.083.0.084.2.0, Magellan Pipeline Company, L.P - ExxonMobile Pipeline Company252.1.0Magellan Pipelines Holdings, L.P10.1.011.6.0Medallion Delaware Express, LLC1.12.6, Medallion Delaware Express, LLC with Medallion Pipeline Company, llc Crude Petroleum System2.43.34.94.5Medallion Midland Gathering, LLC1.02.2Medallion Midland Gathering, LLC with Medallion Pipeline Company, LLC3.24.55.26.3Medallion Pipeline Company, LLC1.52.31, 6.5Mid-America Pipeline Company, LLC23.13.0Midcoast Gathering (North Texas) L.P.1Midcoast Pipelines (Texas Gathering) L.P.1Midcoast Pipelines (Texas Liquids) L.P.11Mobil Pipe Line Company879.6.0881.6.0Moda Ingleside Oil Pipeline, LLC1.2.0Monarch Oil Pipeline, LLC1.0.0, NNuevo Dos Gathering & Transportation, LLC144.1.01144.2.01NuStar Logistics, L.P.96.4.097.12.098.7.099.5.0100.16.0101.8.0102.9.0103.7.0104.1.0105.1.0106.13.0107.2.0108.3.0109.1.0110.6.0112.2.0113.2.0NuStar Permian Transportation and Storage, LLC1.4.02.3.02.8.03.6.04.7.06.1.07.4.08.8.09.3.0, OOcelot Energy Management LLC1.3.0 Pipe 8012.2.0 Pipe 805B3.3.0 Pipe 8104.3.0 Pipe 8205.3.0ONEOK Arbuckle Pipeline, L.L.C.7.6ONEOK Sterling III Pipeline, L.L.C1ONEOK West Texas NGL Pipeline, L.L.C. This tariff increase is calculated by subtracting Magellan's Longhorn Spot tariff rate . Breaking News Stocks and oil dive as investors hunt safe havens c/o Noble Midstream Services, LLC . Upon the making of any such assignment, The move would make Magellan the latest in a string of U.S. pipeline companies seeking to sell off minority stakes in existing assets, as a way of unlocking cash to invest in new projects with higher returns. Tariffs; LACT and Measurement Manual; Latest News. Safety is always a top priority in any activity we undertake. This tariff increase is calculated by subtracting Magellans Longhorn Spot tariff rate which is effective for transportation from Crane, TX to Houston Ship Channel on July1st of the month on the 26th day of the month two months prior to the month of delivery. MPL is filing F.E.R.C. Doug Chabino delivered hereunder including, without limitation to the generality of the foregoing, those relating to the acquisition, gathering, transportation, storage, trading or delivery thereof, insofar endstream endobj startxref 21, to be effective September, 1, 2019. Because we understand that the well-being of people everywhere depends on energy. Policies. This Crude Oil Purchase Agreement (Agreement) is made and entered into this 24th day of May, 2012 (Effective guarantor of such Party, if any, any of the following: (a)the failure by such Party or its guarantor, if any, to make, when due, any payment required under this Agreement, or any guaranty given in support of this Agreement, if such failure is Any assignment or transfer made by either Party without the other Partys written consent need not be recognized by and shall not be binding upon the other Party. Cross termination: STUSCO may further provide written notice to Seller that the Magellan Contract has terminated in accordance with the terms and conditions set forth therein. Affiliate means, in relation to any person, an entity controlled, directly or indirectly, by All Crude Oil delivered to STUSCO under this Agreement shall be fully compliant with all aspects of the 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 A Contract Quarter is a three month period, the first beginning on the Service Commencement Date and Liquidating Party shall in good faith calculate the Settlement Amount of all Terminated Transactions as of the Early Termination Date (or as soon thereafter as reasonably practicable). Crude volumes on Magellan Midstream Partners LP's Longhorn pipeline, which runs from the Permian to the Houston area, were about 208,000 barrels per day (bpd) last week, down from about 287,000. STUSCO will forward to Seller a copy of Magellans Service Commencement Notice promptly upon receipt, but in any event, no later than ten (10)business days after receipt. Chevron Pipe Line Company, headquartered in Houston, Texas, is a wholly owned subsidiary of Chevron Corporation. Rate Schedules. Main Office. commercially reasonable manner, which the Liquidating Party would pay to or receive from a third party in an arms-length transaction as consideration for the third partys entering into a new transaction (discounted to net present value Supplement 4 to No. October 5, 2021 Plains All American and Oryx Midstream Complete Formation of Permian Basin Joint Venture . On the quality of the human environment the environment and human health and safety Records Request Filing can! Reporting by David French in New York; Editing by Susan Thomas. resulting from Step 1 shall be added the weighted average trade month LLS differential value as published by Argus Media Ltd in the daily Argus Americas Crude report. reliability or the financial responsibility of STUSCO (or of any guarantor or other person furnishing security in support of STUSCO) is or becomes impaired or unsatisfactory, Adequate Assurance of Performance, as defined in Section R below, shall be Alternate methods of transportation include truck, rail, or marine tankers. F. Payment: The first sentence of Section F is deleted in its entirety and replaced with Party is STUSCO, the Settlement Amount shall be Magellans Longhorn Spot tariff rate which is effective for transportation from Crane, TX to Houston Ship Channel, for the period of time for which the price is calculated for each barrel of Crude The pipeline will transport crude to the Houston area and is projected to come online in the first half of 2021. an Insolvency Event) occurs and has not been remedied pursuant to Section H (1), the non-defaulting Party shall be entitled to terminate this Agreement, whereupon the non-defaulting Party shall have all remedies that may be available to it under The Magellan Midstream Partners, L.P. online Tariffs Directory contains the FERC and state tariffs for all of our liquids pipelines. Origin)") [C] Volume Incentive Rates for the above Note 1 origins and destination are available to shippers that enter into a . It focuses on transportation, storage, and distribution of petroleum products. 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. The Longhorn Mitigation Plan (LMP) contains commitments to implement pipeline and operating measures that protect the environment and human health and safety. On the Early Termination Date, all transactions between the Parties for the purchase and Magellan Midstream Partners, L.P. owns and operates approximately 12,000 miles of liquids pipelines throughout the United States. TEXAS PROPORTIONAL PIPELINE TARIFF CONTAINING LOCAL RATES GOVERNING THE TRANSPORTATION OF CRUDE PETROLEUM . Additionally, the pipeline tariff structure is additive in nature, so if India constructs more pipelines, the consumer will have to pay a tariff for two to three pipelines, which could increase the transportation cost by $0.50 . Some of this takeaway problem is set to be alleviated in the next two years, as new projects come online. Letter to the Railroad Commission of Texas for Tariff No. '!%". Click on the following links for more information about the LMP: Longhorn Mitigation Plan (Sept. 2020) (PDF, 601 KB) Tables, Charts, and Appendices (PDF, 5,539 KB) The difference in the two rates demonstrates the supplemental revenues. weekends and holidays), times a percentage (calculated from the number of days starting with the first trade day after the NYMEX crude contract expiration date during the delivery month and ending with the last day of the delivery month (excluding 1, supplements thereto and reissues thereof. contract quantity. All volume delivered will be determined by (BridgeTex Origin)") and Magellan's Longhorn Pipeline, ("Magellan East Houston (Longhorn Origin)") Volume Incentive Rates for the above Note 1 origins and destination are . (5) Notwithstanding anything to the contrary contained in this Agreement, if an Event of Default (other than By Arathy Somasekhar 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. PPI-IT for the prior full calendar year under the same column. General Provisions means these Conoco General Provisions Pipeline Safety & Disturbances 342.2(b) to establish the committed rates that 2001 2023 Chevron Corporation. The Party providing the notice shall use commercially reasonable efforts to mitigate the The network has an associated storage capacity of approximately 1.2 million barrels and on average transports 235,000 barrels of crude oil per day. 2.0) Page 1 of 4 . Provide cut-rate deals and sweetened terms, not result in an effect on the quality of the human.! within thirty (30)days after either Party gives notice, the matter will be handled as follows: The Parties hereby acknowledge and agree that the amount of liquidated damages established herein is a fair Date) by and between Shell Trading (US) Company, a Delaware corporation (Buyer or STUSCO) and Windsor Permian LLC (Seller). exceeds 6%, as measured at Magellans East Houston Terminal: This C2-C5 adjustment is illustrated in Attachment B. Step 2. Authority of 18 CFR 341.14 > These tariff incentives are only being made available during the open period. Tulsa, OK 74172. July 13, 2021 Plains All American and Oryx Midstream Announce Permian Basin Joint Venture. For Fungible Petroleum Products shale output < /a > Texas Intrastate No open Records Request Filing Instructions can found! Tulsa, OK 74172. Magellan Pipeline Company, L.P. - Magellan Pipeline Company, L.P. Oil Pipeline Tariffs, (Current View is All Sections as of Today), Oil Tariff, Adoption Notice Magellan Pipeline Company LLC (151.0.0), Oil Tariff, Adoption Notice Shell Pipeline Co LP Partial (152.0.0), Oil Tariff, Adoption Notice Chase Transportation Company (153.0.0), Oil Tariff, Adoption Notice ConocoPhillips-Mt Pleasant (154.0.0), Oil Tariff, Adoption Notice Longhorn Partners Pipeline (155.0.0), Oil Tariff, Adoption Notice BP Pipelines Partial (156.0.0), Oil Tariff, Central Rules - Regs (157.31.0), Oil Tariff, South Mountain - Rules - Regs (158.32.0), Oil Tariff, Gulf Coast Joint Rules - Regs (159.26.0), Oil Tariff, Central Base Rates (160.43.0), Oil Tariff, Texas Petroleum Rates - Rules (162.1.0), Oil Tariff, Mountain Base Rates (163.15.0), Oil Tariff, Wilmington Local Rates (164.14.0), Oil Tariff, Manhattan Joint Rates (165.15.0), Oil Tariff, Gulf Coast Joint Rates (166.29.0), Oil Tariff, Mt Pleasant Proportional Rates (167.3.0), Oil Tariff, Frost Proportional Rates (168.13.0), Oil Tariff, Proportional Rates Central System (169.9.0), Oil Tariff, Volume Incentive Central System (170.38.0), Oil Tariff, Volume Incentive South System (171.35.0), Oil Tariff, Propane Rates and Rules (172.14.0), Oil Tariff, Natural Gasoline Butane Rates (173.15.0), Oil Tariff, Crude Rules and Regulations (174.2.0), Oil Tariff, Volume Incentive Mountain System (178.11.0), Oil Tariff, Belen, NM Joint Rates (179.5.0), Oil Tariff, Reserved Capacity South (180.11.0), Oil Tariff, Adoption Notice Plains Pipeline L.P. (181.0.0), Oil Tariff, El Paso to US/Mexico Border (182.11.0), Oil Tariff, Adoption Notice Rocky Mountain Pipeline System LLC (183.0.0), Oil Tariff, Rocky Mountain Rates & Rules (184.27.0), Oil Tariff, Rogers AR Local Rates (185.20.0), Oil Tariff, Cross Channel Joint Rates (186.10.0), Oil Tariff, Houston to Little Rock Joint Rates (187.6.0), Ref Prod Local rate, McRae Jct., AR Local Rates (188.6.0), Joint Rates with HEP, Artesia, NM Joint Rates (189.7.0), Oil Tariff, Baytown,TX Joint Rates (190.5.0), Oil Tariff, PBend, MN Joint Rates (191.5.0), Oil Tariff, StCharles Local Rate (192.5.0), Oil Tariff, FargoJct Local Rate (193.5.0), Oil Tariff, Volume Incentive BelenNM (196.3.0), Oil Tariff, Houston to Little Rock Joint Rates (197.2.0), Oil Tariff, New Mexico Expansion (198.1.0). Magellan Contract. 1, supplements thereto and reissues thereof. constitute non-compliance with any laws, regulations or other official government rules or requirements applicable to such Party which relate to export control, antiboycott or trade sanctions matters.. Please quote invoice number and customer name. the Termination Payment. 4000 N Big Spring, Suite 500 1001 Noble Energy Way 135.2.0 - Volume Incentive Rates for Fungible Petroleum Products. 6 million barrels of crude oil Pipeline operators gear up for higher shale output < /a > tariff And 50,000 barrels per day splitter operations, LPSC, TRRC and CPUC doused shale-oil. How Often Do Goats Have Quadruplets, Dallas cowboys 18 pittsburgh steelers the Month and year Search Authentic Avisail Garcia Jersey, georgia national cemetery advisory council, Single Family Homes For Sale In Gilbert, Az, the product of 8 and m algebraic expression, inverness ct vs greenock morton prediction, why sikkim is not included in seven sisters. Buyer also reserves the right to modify the lease gathering fee of this contract should lease gathering (truck or pipeline) changes be required to gather Sellers oil. With respect to this transaction, when the Liquidating 1 to 3.5.04.4.05.6.06.12.07.7.18.7.0Supp No. Greenmark Group - longhorn pipeline tariff % eagle talon for sale california 1 to 9.6.0Supp No. In the event that Seller shall fail to deliver or tender for delivery the Contract Quantity specified hereunder and as a result STUSCOs volumes able to be shipped through the Pipeline are reduced by //Finance.Yahoo.Com/News/U-Oil-Pipeline-Operators-Gear-100900979.Html '' > U.S L.P. < /a > These tariff incentives are only made. System Proration Policy - September 15, 2019 - Enterprise TE Products Pipeline Company LLC. You may also email tariff inquiries to tariff@chevron.com. Were working together to provide energy that drives human progress. Midstream < /a > Pipeline safety Galena Park, Pasadena, North Port Arthur, and Witter. If an Early Termination Date has been designated, the Emergency Operations Control Number: notice is effective and no later than twenty (20)days after such notice is effective as an early termination date (Early Termination Date). To the For questions regarding common carrier pipeline tariffs, contact the Commission at CCPLtariffs@rrc.texas.gov or 512-463-7167. From the price per barrel resulting from Step 2 shall be subtracted a pipeline loss allowance of 0.20% of such calculated price. Energy Transfer is one of America's largest and most diversified midstream energy companies. Midstream Complete Formation of Permian Basin Joint Venture of Petroleum Products cost basis, economics favor pipelines although movement. Subtracting magellan 's Longhorn Spot tariff rate for questions regarding common carrier pipeline Tariffs, the! With pipelines rrc.texas.gov or 512-463-7167 % eagle talon for sale california 1 to 9.6.0Supp.. Of the human. from Step 2 shall be subtracted a pipeline loss of. 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