Attached files
Exhibit 10.25
TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**].
AMENDED AND RESTATED
CRUDE OIL GATHERING AGREEMENT
AGREEMENT ADDENDUM 02
NORTHERN COLORADO
This AGREEMENT ADDENDUM 02 (this “Agreement Addendum”) shall be effective as between the Persons named below as “Producer”, “OpCo” and “Midstream Co” as of the date specified below as the “Effective Date”. Reference is made to the Agreement Terms and Conditions Relating to Crude Oil Gathering Services (the “Agreement Terms and Conditions”) last updated October 9, 2015. This Agreement Addendum together with the Agreement Terms and Conditions shall constitute one contract and shall be the Agreement of the Parties. Except as otherwise set forth herein all terms shall have the meanings assigned to such terms in the Agreement Terms and Conditions.
OpCo owns, directly or indirectly, all of the Controlling interest in Midstream Co.
Producer desires to contract with Midstream Co for Midstream Co to provide the Services utilizing the Individual System, and Midstream Co desires to provide the Services to Producer, on the terms and subject to the conditions of this Agreement.
In order for Producer to obtain a consistent level of service with respect to the gathering of and other Services related to Crude Oil that are required by Producer within the Service Area, Producer and OpCo hereby enter into this Agreement so that OpCo can evidence its acceptance of the obligations pertaining to OpCo as set forth in the Agreement Terms and Conditions and in this Agreement Addendum, if any.
NOW, THEREFORE, in consideration of the mutual agreements in this Agreement, Midstream Co, OpCo and Producer hereby agree as follows:
| Producer | Noble Energy, Inc., a Delaware corporation | |||
| Midstream Co |
Colorado River DevCo LP, a Delaware limited partnership, together with its permitted successors and assigns | |||
| OpCo | Noble Midstream Services, LLC, a Delaware limited liability company | |||
| Parties | The term “Party” or “Parties” shall refer to OpCo, Producer and the Midstream Co identified in this Agreement Addendum | |||
| Effective Date | October 1, 2015 | |||
Agreement Addendum 02 – Page 1
Amended and Restated Crude Oil Gathering Agreement
TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**].
| Notice Address – General Matters & Correspondence | Midstream Co and OpCo c/o Noble Energy, Inc. 1625 Broadway, Ste 2200 | |||
| Denver, CO 80202 | ||||
| Attention: Finance Manager | ||||
| Charles Varnell | ||||
| Telephone: (303) 228-4466 | ||||
| Email: Charles.Varnell@nblenergy.com | ||||
| Notice Address – Operational Matters | Midstream Co and OpCo c/o Noble Energy, Inc. | |||
| 1625 Broadway, Ste 2200 | ||||
| Denver, CO 80202 | ||||
| Attention: Director – Major Projects, DJ Basin | ||||
| Chris Stavinoha | ||||
| Notice Address – Force Majeure and Marketing interruptions | Midstream Co and OpCo c/o Noble Energy, Inc. | |||
| Facsimile: (303) 228-4296 | ||||
| Attention: Oil Marketing Department | ||||
| Notice Address – Invoicing Matters | Midstream Co and OpCo c/o Noble Energy, Inc. | |||
| 1001 Noble Energy Way | ||||
| Houston, TX 77070 | ||||
| Attention: Director of Revenue Accounting | ||||
| John Nedelka | ||||
| Telephone: (281) 872-3120 | ||||
| Email: John.Nedelka@nblenergy.com | ||||
| Payments by Electronic Funds Transfer | ABA/Routing Number: 021000021 Account Number: 657597188 Account Name: Full legal name of Midstream Co Financial Institution: JP Morgan | |||
| Bank Swift: CHASUS33 | ||||
Agreement Addendum 02 – Page 2
Amended and Restated Crude Oil Gathering Agreement
TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**].
| Dedication Area | The area in Northern Colorado including (but not limited to) the East Pony integrated development plan area, as such area was defined by Producer on the Effective Date, and which consists of the following areas within Weld County, Colorado | |||||||||
| Township |
Range |
Section(s) |
||||
| T9N | R58W | ALL | ||||
| T9N | R59W | ALL | ||||
| T8N | R59W | ALL | ||||
| T9N | R60W | ALL | ||||
| T9N | R61W | ALL | ||||
| T8N | R60W | ALL | ||||
| T8N | R61W | ALL | ||||
| T8N | R62W | ALL |
| Individual Fee | $[**]/Bbl | |||||||||
| Deviations from Service Conditions (the specifications in this section supersede the applicable language from Exhibit A) | ||
| None | ||
| Additional Revisions | ||
| NONE | ||
(End of Agreement Addendum 02)
Agreement Addendum 02 – Page 3
Amended and Restated Crude Oil Gathering Agreement
TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**].
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement in duplicate originals to be effective as of the Effective Date.
| “Producer” | ||
| NOBLE ENERGY, INC. | ||
| By: | /s/ Gary W. Willingham | |
| Gary W. Willingham | ||
| Executive Vice President | ||
Agreement Addendum 02 – Signature Page 1
Amended and Restated Crude Oil Gathering Agreement
TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO BRACKETED ASTERISKS [**].
| “OpCo” | ||
| NOBLE MIDSTREAM SERVICES, LLC | ||
| By: | /s/ Terry R. Gerhart | |
| Terry R. Gerhart | ||
| Chief Executive Officer | ||
| “Midstream Co” | ||||||
| COLORADO RIVER DEVCO LP | ||||||
| By: | Colorado River DevCo GP LLC | |||||
| By: | Noble Midstream Services, LLC | |||||
| By: | /s/ Terry R. Gerhart | |||||
| Terry R. Gerhart | ||||||
| Chief Executive Officer | ||||||
Agreement Addendum 02 – Signature Page 2
Amended and Restated Crude Oil Gathering Agreement