Examples of Independence Hub in a sentence
In December 2004, our Independence Hub, LLC subsidiary entered into the Independence Hub Agreement (the "Agreement") with six oil and natural gas producers.
Texas Corporation Helix Well Ops Offshore Services Limited Scotland Limited Company Helix Well Ops S.à x.x. Grand Duchy of Luxembourg Corporation Helix Well Ops SEA Pty Ltd Australia Limited Company Helix Well Ops (U.K.) Limited Scotland Corporation Independence Hub, LLC (20%) Delaware Limited Liability Company Kommandor LLC Delaware Limited Liability Company Offshore Well Services, S.
In December 2004, 20% of this guaranteed amount was assumed by Cal Dive, our joint venture partner in the Independence Hub project.
After adjusting for the renewal, the incremental future minimum lease payments associated with our lease of the Wilson natural gas storage facility are as follows: $4.1 million, 2008; $5.5 million, 2009; $5.5 million, 2010; and $94.9 million thereafter.Performance guarantyIn December 2004, a subsidiary of the Operating Partnership entered into the Independence Hub Agreement (the “Hub Agreement”) with six oil and natural gas producers.
Offshore Floating SolutionsSBM Offshore’s Deep Draft SemiTM hull design is now well proven in service, after operating on the Independence Hub and Thunder Hawk fields for several years.
The Agreement obligates Independence Hub, LLC (i) to construct an offshore platform production facility to process 850 MMcf/d of natural gas and condensate and (ii) to process certain natural gas and condensate production of the six producers following construction of the platform facility.In conjunction with the Agreement, our Operating Partnership guaranteed the performance of its Independence Hub, LLC subsidiary under the Agreement up to $397.5 million.
The minority interest attributable to joint venture partners is primarily attributable to third party ownership interests in Tri-States, Seminole, Wilprise, Independence Hub, Dixie and Belle Rose.
Our performance guarantee continues until the earlier to occur of (i) all of the guaranteed obligations of Independence Hub, LLC shall have been terminated or expired, or shall have been indefeasibly paid or otherwise performed or discharged in full, (ii) upon mutual written consent of our Operating Partnership and the producers or (iii) mechanical completion of the production facility.
The minority interest attributable to joint venture partners as of December 31, 2005, is primarily attributable to our partners in Tri-States, Seminole, Wilprise, Independence Hub, Dixie and Belle Rose.
The minority interest attributable to joint venture partners as of December 31, 2005, is primarilyattributable to our partners in Tri-States, Seminole, Wilprise, Independence Hub, Dixie and Belle Rose.