Examples of TexNew Mex Pipeline in a sentence
These segments are refining, WNRL and retail.We treated the TexNew Mex Pipeline System assets that we sold to WNRL in the TexNew Mex Pipeline Transaction as a transfer of assets between entities under common control.
The unaudited pro forma condensed consolidated financial statements should be read in conjunction with the accompanying notes and with the historical consolidated financial statements of the Partnership and the historical combined financial statements of the TexNew Mex Pipeline and related notes thereto.
The TexNew Mex Pipeline and Related Assets, or "the Business," "we," "our" or "us" includes Western Refining, Inc.'s ("Western") remaining 375 mile segment of the TexNew Mex Pipeline that extends from Western Refining Logistics, LP's ("WNRL") crude oil station in Star Lake, New Mexico in the Four Corners area to WNRL's T station in Eddy County, New Mexico and certain related assets.
Prior to January 2015, the TexNew Mex Pipeline had been idled while Western completed the task of reversing the direction of flow of the pipeline.
The Parties agree that, as requested by the Partnership, WRSW and WRCLP shall provide employee services to the extent requested by the Partnership for the Partnership to operate the TexNew Mex Pipeline and the Star Lake Storage Tank in accordance with the terms and conditions of the Operational Services Agreement.
Restricted CashRestricted cash reported in our Condensed Consolidated Balance Sheets at June 30, 2016 and December 31, 2015, relates to net proceeds from the sale of Western's TexNew Mex Pipeline System to WNRL.
In this Amendment to the Pipeline Agreement, Western also agreed to provide a minimum volume commitment of 13,000 barrels per day ("bpd") of crude oil on the TexNew Mex Pipeline for 10 years from the date of the Amendment to the Pipeline Agreement.With respect to the provision of the TexNew Mex Pipeline transportation services, which will be provided pursuant to the terms of a FERC tariff, the Partnership will invoice Western for fees owed on a monthly basis.
The amendments contained in the Second A&R Partnership Agreement created the TexNew Mex Units and the Second A&R Partnership Agreement provides for the creation of the “TexNew Mex Shared Segment” that will reflect the financial and operating results of the TexNew Mex Pipeline.
Such transportation would take place on the capacity leased from TEPPCO Pipeline (from Midland to Hobbs to Lynch) and Western Pipeline’s TexNew Mex Pipeline (from Lynch to Star Lake and Bisti).
WRSW shall make such timely filings with FERC as required by applicable Laws to cancel WRSW’s common carrier services on the TexNew Mex Pipeline that are current subject to FERC tariffs.