Attached files
Exhibit 10.49
SECOND AMENDED AND RESTATED
CRUDE OIL GATHERING AGREEMENT
AGREEMENT ADDENDUM XX
OPCO’S OBLIGATIONS
This AGREEMENT ADDENDUM XX (this “Agreement Addendum”) (a) shall be effective as among the Persons named below as “Producer” and “OpCo” as of the date specified below as the “Effective Date,” (b) incorporates the Second Amended and Restated Agreement Terms and Conditions Relating to Oil Gathering Services (the “Agreement Terms and Conditions”), which were last amended effective as of March 31, 2016 and recorded in the real property records of Weld County, Colorado on as , and (c) 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 (i) all terms shall have the meanings assigned to such terms in the Agreement Terms and Conditions, and (ii) all references to Exhibits, Appendices, Articles, Sections, subsections and other subdivisions refer to the corresponding Exhibits, Appendices, Articles, Sections, subsections and other subdivisions of or to the Agreement Terms and Conditions.
OpCo owns, directly or indirectly, all of the Controlling interest in Colorado River DevCo LP, Green River DevCo LP, Gunnison River DevCo LP, and Laramie River DevCo LP (collectively, the “Original Subsidiaries”).
Producer desires for OpCo to cause the Original Subsidiaries to provide the Services utilizing the System in order for Producer to obtain a consistent level of service with respect to the gathering of and other Services related to Product that are required by Producer within the Service Area, and OpCo desires to cause the Original Subsidiaries 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 Product that are required by Producer within the Service Area, Producer and OpCo hereby enter into this Agreement.
NOW, THEREFORE, in consideration of the mutual agreements in this Agreement, OpCo and Producer hereby agree as follows:
| Producer | Noble Energy, Inc., a Delaware corporation | |
| OpCo | Noble Midstream Services, LLC, a Delaware limited liability company | |
| Effective Date | March 31, 2016 | |
Agreement Addendum XX – Page 1
Second Amended and Restated Crude Oil Gathering Agreement
| Notices and Payments | ||
| Notice Address – General Matters & Correspondence |
OpCo:
Noble Midstream Services, LLC 1001 Noble Energy Way Houston, TX 77070 Attention: Chief Financial Officer John F. Bookout, IV Telephone: (832) 639-7134 Email: John.Bookout@nblenergy.com
Producer:
Noble Energy, Inc. 1625 Broadway, Ste 2200 Denver, CO 80202 Attention: Director of USO Finance, Gerald Free Telephone: (303) 228-4174 Email: Gerald.Free@nblenergy.com | |
| Notice Address – Operational Matters |
Midstream Co:
Midstream Co c/o Noble Midstream Services, LLC 1001 Noble Energy Way Houston, TX 77070 Attention: Chief Operating Officer John C. Nicholson Telephone: (281) 876-6186 Email: John.Nicholson@nblenergy.com
Producer:
Noble Energy, Inc. 1625 Broadway, Ste 2200 Denver, CO 80202 Attention: Vice President – DJ Business Unit Mark Patteson | |
Agreement Addendum XX – Page 2
Second Amended and Restated Crude Oil Gathering Agreement
| Notice Address – Invoicing Matters |
OpCo:
OpCo 1001 Noble Energy Way Houston, TX 77070 Attention: Director of Revenue Accounting John Nedelka Telephone: (281) 872-3120 Email: John.Nedelka@nblenergy.com
Producer:
Noble Energy, Inc. 1625 Broadway, Ste 2200 Denver, CO 80202 Attention: Director of Revenue Accounting, John Nedelka Telephone: (303) 228-4174 Email: john.nedelka@nblenergy.com | |
| Payments by Electronic Funds Transfer |
Producer:
ABA/Routing Number: 021000021 Account Number: 08805135066 Account Name: Noble Energy, Inc. Financial Institution: JP Morgan Bank Swift: CHASUS33 | |
| 1. | Definitions. The term “Original Midstream Co” shall refer to each entity that is both a Midstream Co party to an Agreement related to the gathering of Product and is a subsidiary of OpCo. For the avoidance of doubt, OpCo has no obligations or responsibilities towards or with respect to NBL Midstream Holdings LLC. |
| 2. | OpCo’s Obligations. OpCo shall cause each Original Midstream Co to comply with the obligations of such Original Midstream Co under the Midstream Agreement Addendum to which such Original Midstream Co is a party and the Agreement Terms and Conditions. If at any time, an Original Midstream Co assigns its obligations under a Midstream Agreement Addendum to a Midstream Co Assignee, OpCo shall have no obligations under this Section 1 with respect to such Midstream Co Assignee and shall not be liable for any performance or non-performance by such Midstream Co Assignee. |
| 3. | Coordination of System Plans. Subject to Midstream Co’s rights under Section 13.2, OpCo shall cause the Original Midstream Cos to coordinate their System Plans so that, taken as a whole, the System Plans delivered by all of the Original Midstream Cos satisfy the needs for Services throughout the Service Area, except to the extent OpCo reasonably determines any portion of the Service Area should be serviced by any Midstream Co Assignee. |
Agreement Addendum XX – Page 3
Second Amended and Restated Crude Oil Gathering Agreement
| 4. | No Other Obligations. OpCo shall not have any of the rights or be bound by any of the terms of the Agreement Terms and Conditions, except as provided in (a) Section 1 of this Agreement Addendum, and (b) Article 8 and Article 17 of the Agreement Terms and Conditions. No reference to a “Party” or the “Parties” in the Agreement Terms and Conditions shall be deemed to include a reference to OpCo. |
| 5. | Enforcement by OpCo. OpCo shall have the right to enforce all rights of each Original Midstream Cos under the Agreement Addendum to which such Original Midstream Co is a Party. |
| 6. | Notices Delivered to OpCo. All notices and other communications required under the Agreement Terms and Conditions to be delivered to an Original Midstream Co shall be deemed delivered if received by OpCo. |
(End of Agreement Addendum XX)
Agreement Addendum XX – Page 4
Second Amended and Restated Crude Oil Gathering Agreement
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 | ||
| STATE OF TEXAS | ) | |||||
| ) ss. | ||||||
| COUNTY OF HARRIS | ) |
The foregoing instrument was acknowledged before me this 26th day of April, 2016, by Gary W. Willingham, Executive Vice President of Noble Energy, Inc., a Delaware corporation, on behalf of said corporation.
| /s/ Vickie L. Graham |
| Notary Public in and for the State of Texas |
Agreement Addendum XX – Signature Page 1
Second Amended and Restated Crude Oil Gathering Agreement
| “OpCo” | ||
| NOBLE MIDSTREAM SERVICES, LLC | ||
| By: | /s/ Terry R. Gerhart | |
| Terry R. Gerhart | ||
| Chief Executive Officer | ||
| STATE OF COLORADO | ) | |||||
| ) ss. | ||||||
| COUNTY OF | ) |
The foregoing instrument was acknowledged before me this 26th day of April, 2016, by Terry R. Gerhart, Chief Executive Officer of Noble Midstream Services, LLC, a Delaware limited liability company, on behalf of said company.
| /s/ Joanne Garner |
| Notary Public in and for the State of Texas |
Agreement Addendum XX – Signature Page 2
Second Amended and Restated Crude Oil Gathering Agreement