East Breaks definition
Examples of East Breaks in a sentence
Oil and Gas Lease of Submerged Lands under the Outer Continental Shelf Lands Act dated effective October 1, 2007, bearing Serial No. OCS-G 31102, between the United States of America, as Lessor, and ATP Oil & Gas Corporation, as Lessee, covering all of Block 563, East Breaks (“EB 563”), as shown on OCS Official Protraction Diagram, NG 15-01, containing approximately 5,760.00 acres (“OCS-G 31102”).
East Breaks entered into long-term agreements with Exxon and BP Amoco involving the commitment, gathering and processing of production from the ▇▇▇▇▇ and ▇▇▇▇▇▇ prospects.
The Leases, as to all depths, described on Exhibit "A" comprise all of and are subject to the East Breaks 112 Unit (Unit No. 754391005).
All of the natural gas to be produced from 11 blocks in the East Breaks and Alaminos Canyon areas will be dedicated for transportation services on the HIOS system.
Western Gulf, which owns all of HIOS and East Breaks, entered into a revolving credit facility (the "Western Gulf Credit Facility") with a syndicate of commercial banks in February 1999 to provide up to $100 million for the construction of the East Breaks system and for other working capital needs of Western Gulf, East Breaks and HIOS.
Following this reorganization, Deepwater Holdings owns 100 percent of the East Breaks, HIOS, UTOS, and Stingray systems, along with the West Cameron dehydration facility.
Substantially all of the construction costs of the East Breaks system will be funded by the Western Gulf Credit Facility.
As a result of the reorganization, Deepwater Holdings owns 100 percent of the HIOS, UTOS, East Breaks and Stingray systems, as well as 100 percent of the West Cameron dehydration facility.
East Breaks is currently constructing a natural gas pipeline system which will initially consist of 85 miles of an 18 to 20-inch pipeline and related facilities connecting the ▇▇▇▇▇ and ▇▇▇▇▇▇ prospects developed by Exxon and BP Amoco in Alaminos Canyon Block 25 in the Gulf with the HIOS system.
Substantially all of the capital expenditures by POPCO, Viosca ▇▇▇▇▇, East Breaks, and Stingray were funded by borrowings under credit facilities, and any future capital expenditures by East Breaks, POPCO, Viosca ▇▇▇▇▇, ▇▇▇▇ and Stingray are anticipated to be funded by borrowings under credit facilities.