Negotiating Essential Terms of Midstream Contracts

摘要

>Included among the many variants of what are commonly referred to as midstream contracts are natural gas–gathering agreements, condensate‐gathering agreements, gas‐processing agreements, fractionation agreements, and occasional combinations of those agreements. They generally contain many of the same essential terms material to the specific trade negotiated between the parties. Typically, the midstream agreement is between an exploration and production company (the producer) and the owner/operator of a gas‐gathering system and a gas‐processing plant (the gatherer/processor).