Vantage II definition
Examples of Vantage II in a sentence
There are no bankruptcy, reorganization or arrangement proceedings pending against, being contemplated by, or to the knowledge of Rice or the Vantage Midstream Entities, threatened against Rice, Vantage I, Vantage II or any of their respective Subsidiaries.
In August 2012, the Company and Vantage II entered into a Management Services Agreement (MSA) whereby the Company is to provide certain executive management, administrative, accounting, finance, engineering, land, and information technology assistance to Vantage II.
Pursuant to a Gas Gathering System Operating Agreement, dated August 2, 2012, between the Company and Vantage Midstream, the Company and Vantage II are to pay their respective 50% shares of the gas gathering system’s operating and development costs, as well as their incurred gas gathering and compression fees.
Vantage II Alpha was formed as a transitory entity solely to facilitate the funding of the acquisition of the properties in an expeditious manner.
Rice will not acquire (i) any Oil and Gas Properties other than the Vantage Oil and Gas Properties or (ii) any entity holding any Oil and Gas Properties, directly or indirectly, other than Vantage I and Vantage II, the Vantage Midstream Entities and their respective Subsidiaries.
In June 2016, Vantage II Alpha closed on a purchase, funded with sponsor equity, of primarily unproved property which is reflected in these unaudited condensed combined financial statements based on the preliminary purchase price allocation.
Vista Gathering is engaged in the development and operations of a gas gathering system in Greene County, Pennsylvania, servicing wells operated by Vantage I and Vantage II.
In exchange for receiving these services, Vantage II will pay the Company a fee (the “MSA Fee”).
In August 2012, the Company and Vantage II entered into a Management Services Agreement (“MSA”) whereby the Company is to provide certain executive management, administrative, accounting, finance, engineering, land, and information technology assistance to Vantage II.
Vista Gathering is a group of assets that are ultimately owned by two limited liability companies, Vantage I and Vantage II.