Base Pressure definition
Examples of Base Pressure in a sentence
Following a release of any Gas as provided herein, Gatherer shall have the right to make available (as Firm Capacity Gas or Interruptible Gas) to other Persons any capacity on the Gathering System associated with such released Gas if sufficient capacity exists to enable Gatherer to maintain the Base Pressure Requirements.
The Parties shall meet no less often than quarterly to discuss operational issues, Shipper’s drilling plans (including an estimate of Shipper’s drilling schedule and a list of proposed well locations for the next quarter), Shipper’s good faith production forecasts, the facility requirements for Gatherer’s Gathering System, and any anticipated changes to the Base Pressure Requirements for any Receipt Points, in each case in a format mutually agreed by the Parties.
In the event Shipper requires a pressure lower than the Base Pressure Requirement in effect at any Receipt Point or group of Receipt Points, Shipper may request, in writing, that Gatherer provide such lower pressure.
In the event that Gatherer recommends a new Base Pressure Requirement and corresponding change to the Gathering Fee, if any, then the Parties shall amend the Agreement to document the new Base Pressure Requirement and Gathering Fee for any affected Receipt Points, as applicable.
As long as Shipper maintains production within the Shipper Gas Capacity applicable to an Approved New Capital Project, Gatherer shall comply with the Base Pressure Requirements in accordance with the provisions of Section 5 of this Agreement.
The Technical Expert will resolve the dispute with reference to the following criteria: (i) maintenance of the Base Pressure Requirements in a cost-effective manner; and (ii) accommodating the volumes of Gas anticipated to be delivered to Gatherer as contemplated by Shipper, as well as providing the services required by Shipper, in a timely (but commercially reasonable) manner and as communicated pursuant to the procedures set forth in Section 6.1.
If Shipper’s tenders of Gas for Gathering exceed the Shipper Gas Capacity after the In-Service Date for any Approved New Capital Project, as applicable, then Shipper shall waive the applicable Base Pressure Requirements with respect to the particular Sub-System until the Gas volumes being tendered for Gathering are equal to or less than the Shipper Gas Capacity or until such time as Gatherer expands the Facilities with one or more additional Approved New Capital Projects.
Notwithstanding the foregoing, and for purposes of clarification and avoidance of doubt, the actual pressures measured on the Gathering System and at each Receipt Point (excluding the pressure measured at the Receipt Point for any Excluded Well) shall be included in the determination of the Base Pressure Requirements, irrespective of the impacts to the pressure on the Gathering System and at other Receipt Points as a result of increased deliveries of Gas from any such Excluded Well.