Common use of Gas Contract Clause in Contracts

Gas Contract. Gas production from the Segregated Lease has been permanently released by Southern Natural Gas Company ("Southern") from an Omnibus Contract entered into between Southern and Seller effective January 1, 1988. The Omnibus Contract covered gas previously sold to Southern under long-term interstate contract which were terminated and abandoned under FERC Order No. 490.

Appears in 2 contracts

Sources: Asset Sale Agreement (McMoran Exploration Co /De/), Asset Sale Agreement (Freeport McMoran Sulphur Inc)