Common use of IPS Project Expansion by 10,000 Barrels per Day and No MGS Clause in Contracts

IPS Project Expansion by 10,000 Barrels per Day and No MGS. If the WIOs Commit to an IPS Gas Cycling Expansion Project of minimum of an additional 10,000 barrels per day by year-end 2019, but that expansion is less than minimum of an additional 20,000 barrels per day, then the acreage in the northern half of ADL 377017 (ADL 377017(N) on Exhibit C), without regard to whether this acreage was included in a technical PA application or is included in the PA as the result of a technical PA expansion under Paragraph 4.4.3, and the acreage listed as within ADLs 377016, 389728 and 389730 in Area E on Exhibit C, shall be released to the State Without Appeal. The remaining acreage listed within Area E on Exhibit C shall be included in the acreage listed in Area D on Exhibit C and subject to the terms of the PTUA including applicable State law.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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