Amended and Restated Omnibus Agreement, dated November 13, 2018, among EQT Corporation, EQM Midstream Partners, LP, and EQM Midstream Services, LLC

EX-10.1 2 a18-40038_1ex10d1.htm EX-10.1

Exhibit 10.1

 

Execution Version

 

AMENDED AND RESTATED

 

OMNIBUS AGREEMENT

 

among

 

EQT CORPORATION,

 

EQM MIDSTREAM PARTNERS, LP

 

and

 

EQM MIDSTREAM SERVICES, LLC

 


 

AMENDED AND RESTATED OMNIBUS AGREEMENT

 

This AMENDED AND RESTATED OMNIBUS AGREEMENT (“Agreement”) is entered into on, and effective as of, November 13, 2018, among EQT Corporation, a Pennsylvania corporation (“EQT”), EQM Midstream Partners, LP, a Delaware limited partnership (the “Partnership”), and EQM Midstream Services, LLC, a Delaware limited liability company (the “General Partner”).  The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.”

 

R E C I T A L S:

 

1.                                      The Parties previously entered into that certain Omnibus Agreement, effective July 2, 2012 (as amended by Amendment No. 1 to Omnibus Agreement, dated March 17, 2015, the “Original Agreement”), governing certain indemnification, reimbursement and licensing matters among them;

 

2.                                      Pursuant to Section 6.4 of the Original Agreement, EQT has delivered to the Partnership and the General Partner a notice regarding EQT’s election to terminate the Original Agreement, other than Section 5.3, Article II and Article III thereof, in connection with a Change of Control (as defined in the Original Agreement) related to the proposed spin-off of Equitrans Midstream Corporation (the “Spin-Off”) by EQT; and

 

3.                                      In connection with the Spin-Off, the Parties desire to enter into this Agreement in order to amend and restate the Original Agreement as more fully described herein.

 

In consideration of the premises and the covenants, conditions, and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:

 

ARTICLE I
Definitions

 

1.1                               Definitions.  As used in this Agreement, the following terms shall have the respective meanings set forth below:

 

Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question.

 

Applicable Maintenance Capital Expenditures” is defined in Section 3.2.

 

Cause” is defined in the Partnership Agreement.

 

Closing Date” means July 2, 2012.

 

Common Units” is defined in the Partnership Agreement.

 

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Contribution Agreement” means that certain Contribution, Conveyance and Assumption Agreement, dated as of the Closing Date, among the General Partner, the Partnership, EQT and certain other EQT Entities, together with the additional conveyance documents and instruments contemplated or referenced thereunder.

 

control,” “is controlled by” or “is under common control with” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise.

 

Covered Environmental Losses” means any and all Losses (including, without limitation, the costs and expenses associated with any Environmental Activity or of any environmental or toxic tort pre-trial, trial or appellate legal or litigation work) related to or arising out of or in connection with:

 

(a)                                 any violation or correction of a violation of any Environmental Law related to the Partnership Assets; and

 

(b)                                 any event, circumstance, action, omission, condition or matter that has an adverse impact on the environment and is associated with or arising from the ownership or operation of the Partnership Assets (including, without limitation, the presence of Hazardous Substances at, on, under, about or migrating from the Partnership Assets or the exposure to or Release of Hazardous Substances arising out of the operation of Partnership Assets, including at non-Partnership Asset locations).

 

Environmental Activity” means any investigation, study, assessment, evaluation, sampling, testing, monitoring, containment, removal, disposal, closure, corrective action, remediation (whether active or passive), natural attenuation, restoration, bioremediation, response, repair, cleanup or abatement that is required or necessary under any Environmental Law, including, without limitation, the establishment of institutional or engineering controls and the performance of or participation in a supplemental environmental project in partial or whole mitigation of a fine or penalty.

 

Environmental Laws” means all federal, state, and local laws, statutes, rules, regulations, orders, ordinances, judgments, codes, injunctions, decrees, Environmental Permits and other legally enforceable requirements and rules of common law relating to (a) pollution or protection of the environment or natural resources, (b) any Release or threatened Release of, or any exposure of any Person or property to, any Hazardous Substance and (c) the generation, manufacture, processing, distribution, use, treatment, storage, transport or handling of any Hazardous Substance, including, without limitation, the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act and other environmental conservation and protection laws, each as amended through and existing on the Closing Date.

 

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Environmental Permits” means any permit, approval, identification number, license, registration, certification, consent, exemption, variance or other authorization required under or issued pursuant to any applicable Environmental Law.

 

EQT Entities” means EQT and any Person controlled, directly or indirectly, by EQT other than the General Partner or a member of the Partnership Group; and “EQT Entity” means any of the EQT Entities.

 

Equitrans” means Equitrans, L.P., a Pennsylvania limited partnership.

 

Hazardous Substance” means (a) any substance that is designated, defined or classified as a hazardous waste, solid waste, hazardous material, pollutant, contaminant or toxic or hazardous substance, or terms of similar meaning, or that is otherwise regulated under any Environmental Law, including, without limitation, any hazardous substance as such term is defined under the Comprehensive Environmental Response, Compensation, and Liability Act, as amended, (b) petroleum, petroleum products, natural gas, crude oil, gasoline, fuel oil, motor oil, waste oil, diesel fuel, jet fuel and other petroleum hydrocarbons, whether refined or unrefined, and (c) radioactive materials, asbestos, whether in a friable or a non-friable condition, and polychlorinated biphenyls.

 

Indemnified Party” means either one or more members of the Partnership Group or one or more EQT Entities, as the case may be, each in its capacity as a party entitled to indemnification in accordance with Article II hereof.

 

Indemnifying Party” means either one or more members of the Partnership Group or EQT, as the case may be, each in its capacity as a party from whom indemnification may be required in accordance with Article II hereof.

 

Limited Partner” is defined in the Partnership Agreement.

 

Losses” means all losses, damages, liabilities, injuries, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses of any and every kind or character (including, without limitation, court costs and reasonable attorneys’ and experts’ fees).

 

Ongoing Maintenance Capital Expenditures” means Maintenance Capital Expenditures (as defined in the Partnership Agreement) incurred by the Partnership Group with respect to the Partnership Assets during any applicable period other than those incurred pursuant to the initiatives set forth on Schedule A attached hereto (the “Pre-Funded Capital Expenditures Initiatives”) for which the Partnership Group has allocated proceeds of its initial public offering for the funding thereof, as further described in the Partnership’s Registration Statement on Form S-1 (No. 333-179487) (the “Allocated Proceeds”); provided, however, that for purposes of Section 3.2, in the event that the aggregate Maintenance Capital Expenditures incurred with respect to the Partnership Assets pursuant to the Pre-Funded Capital Expenditures Initiatives exceeds the amount of the Allocated Proceeds, such excess Maintenance Capital Expenditures shall be considered “Ongoing Maintenance Capital Expenditures.”

 

Original Agreement” is defined in the recitals to this Agreement.

 

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Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of the Closing Date, as such agreement was in effect on the Closing Date, to which reference is hereby made for all purposes of this Agreement.

 

Partnership Assets” means the assets conveyed, contributed or otherwise transferred, directly or indirectly (including through the transfer of equity interests), or intended to be conveyed, contributed or otherwise transferred, to the Partnership Group pursuant to the Contribution Agreement, including, without limitation, gathering pipelines, transportation pipelines, natural gas storage assets, offices and related equipment and real estate.

 

Partnership Group” means the Partnership and its Subsidiaries treated as a single consolidated entity.

 

Party” and “Parties” are defined in the introduction to this Agreement.

 

Person” means an individual or a corporation, firm, limited liability company, partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity.

 

Release” means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding, abandoning, emptying, discharging, migrating, injecting, escaping, leaching, dumping or disposing into the environment.

 

Retained Assets” means the assets and investments owned by Equitrans as of the Closing Date that were not conveyed, contributed or otherwise transferred to the Partnership Group pursuant to the Contribution Agreement; provided, however, that any Retained Asset shall cease to be a Retained Asset upon its conveyance, contribution or transfer to the Partnership Group after July 2, 2012.

 

Spin-Off” is defined in the recitals to this Agreement.

 

Subsidiary” means, with respect to any Person, (a) a corporation of which no more than 50% of the voting power of shares entitled (without regard to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned, directly or indirectly, at the date of determination, by such Person, by one or more Subsidiaries of such Person or a combination thereof, (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at the date of determination, a general or limited partner of such partnership, but only if more than 50% of the partnership interests in such partnership (considering all of the partnership interests of the partnership as a single class) is owned, directly or indirectly, at the date of determination, by such Person, by one or more Subsidiaries of such Person, or a combination thereof, or (c) any other Person (other than a corporation or a partnership) in which such Person, one or more Subsidiaries of such Person, or a combination thereof, directly or indirectly, at the date of determination, has (i) at least a majority ownership interest or (ii) the power to elect or direct the election of a majority of the directors or other governing body of such Person.

 

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ARTICLE II
Indemnification

 

2.1                               Additional Indemnification. Subject to the provisions of Sections 2.3 and 2.4, EQT shall indemnify, defend and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group and related to or arising out of or in connection with:

 

(a)                                 any event or condition associated with the Retained Assets, whether occurring before, on or after the Closing Date;

 

(b)                                 any federal, state or local income tax liabilities attributable to the ownership or operation of the Partnership Assets prior to the Closing Date, including (i) any income tax liabilities of EQT that may result from the consummation of the formation transactions for the Partnership Group and (ii) any income tax liabilities arising under Treasury Regulation Section 1.1502-6 and any similar provision of applicable state, local or foreign law, or by contract, as successor, transferee or otherwise, and which income tax liability is attributable to having been a member of any consolidated, combined or unitary group prior to the Closing Date;

 

(c)                                  any claims related to Equitrans’ previous ownership of the Big Sandy Pipeline, including specifically claims arising under the Big Sandy Purchase Agreement and those related to the current dispute with Prater Branch Resources, LLC pursuant to the letter agreement dated September, 2007 between Equitrans and Big Branch Holdings Company, which was assigned to Prater Branch Resources; and

 

(d)                                 any amounts due to any member of the Partnership Group by a third party that has not paid such amounts in reliance on a contractual provision that provides that such third party may offset amounts due to any member of the Partnership Group against amounts owed by an EQT Entity to such third party.

 

2.2                               Indemnification by the Partnership Group.  Subject to the provisions of Sections 2.3 and 2.4, the Partnership Group shall indemnify, defend and hold harmless the EQT Entities from and against any Losses (including Covered Environmental Losses) suffered or incurred by the EQT Entities and related to or arising out of or in connection with:

 

(a)                                 the ownership or operation of the Partnership Assets after the Closing Date, except to the extent that any member of the Partnership Group is entitled to indemnification hereunder or unless such indemnification would not be permitted under the Partnership Agreement; and

 

(b)                                 any amounts due to any of the EQT Entities by a third party that has not paid such amounts due in reliance on a contractual provision that provides that such third party may offset amounts due to any of the EQT Entities against amounts owed by a member of the Partnership Group to such third party.

 

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2.3                               Limitations Regarding Indemnification.

 

(a)                                 The indemnification obligation set forth in Section 2.1(b) shall terminate on the 60th day after the termination of any applicable statute of limitations; provided, however, that any such indemnification obligation with respect to a Loss shall survive the time at which it would otherwise expire pursuant to this Section 2.3(a) if notice of such Loss is properly given to EQT prior to such time.  The indemnification obligations set forth in Sections 2.1(a), 2.1(c), 2.1(d) and 2.2 shall survive indefinitely.

 

(b)                                 In no event shall EQT be obligated to the Partnership Group under Section 2.1(b) or 2.1(c) for any Losses or income tax liabilities to the extent (i) such Losses or liabilities were reserved for in the Partnership Group’s financial statements as of December 31, 2011, (ii) any insurance proceeds are realized by the Partnership Group, such correlative benefit to be net of any incremental insurance premium that becomes due and payable by the Partnership Group as a result of such claim, (iii) any amounts are recovered by the Partnership Group from third persons, or (iv) any amounts may be recovered from customers under the Partnership Group’s tariff filed with the Federal Energy Regulatory Commission (the “FERC”) as determined by the Partnership.

 

2.4                               Indemnification Procedures.

 

(a)                                 The Indemnified Party agrees that promptly after it becomes aware of facts giving rise to a claim for indemnification under this Article II, it will provide notice thereof in writing to the Indemnifying Party, specifying the nature of and specific basis for such claim; provided, however, that the Indemnified Party shall not submit claims more frequently than once a calendar quarter (or twice in the case of the calendar quarter in which the applicable indemnity coverage under this Agreement expires) unless such Indemnified Party believes in good faith that such a delay in notice to the Indemnifying Party would cause actual prejudice to the Indemnifying Party’s ability to defend against the applicable claim.  Notwithstanding anything in this Article II to the contrary, a delay by the Indemnified Party in notifying the Indemnifying Party shall not relieve the Indemnifying Party of its obligations under this Article II, except to the extent that such failure shall have caused actual prejudice to the Indemnifying Party’s ability to defend against the applicable claim.

 

(b)                                 The Indemnifying Party shall have the right to control all aspects of the defense of (and any counterclaims with respect to) any claims brought against the Indemnified Party that are covered by the indemnification under this Article II, including, without limitation, the selection of counsel, the determination of whether to appeal any decision of any court and the settlement of any such matter or any issues relating thereto; provided, however, that no such settlement shall be entered into without the consent of the Indemnified Party unless it includes a full release of the Indemnified Party from such matter or issues, as the case may be, and does not include any admission of fault, culpability or a failure to act, by or on behalf of such Indemnified Party.

 

(c)                                  The Indemnified Party agrees to cooperate fully with the Indemnifying Party with respect to all aspects of the defense of any claims covered by the indemnification under this Article II, including, without limitation, the prompt furnishing to the Indemnifying

 

6


 

Party of any correspondence or other notice relating thereto that the Indemnified Party may receive, permitting the name of the Indemnified Party to be utilized in connection with such defense, the making available to the Indemnifying Party of any files, records or other information of the Indemnified Party that the Indemnifying Party considers relevant to such defense and the making available to the Indemnifying Party, at no cost to the Indemnifying Party, of any employees of the Indemnified Party; provided, however, that in connection therewith the Indemnifying Party agrees to use commercially reasonable efforts to minimize the impact thereof on the operations of the Indemnified Party and further agrees to maintain the confidentiality of all files, records and other information furnished by the Indemnified Party pursuant to this Section 2.4.  In no event shall the obligation of the Indemnified Party to cooperate with the Indemnifying Party as set forth in the immediately preceding sentence be construed as imposing upon the Indemnified Party an obligation to hire and pay for counsel in connection with the defense of any claims covered by the indemnification set forth in this Article II; provided, however, that the Indemnified Party may, at its own option, cost and expense, hire and pay for counsel in connection with any such defense.  The Indemnifying Party agrees to keep any such counsel hired by the Indemnified Party informed as to the status of any such defense, but the Indemnifying Party shall have the right to retain sole control over such defense.

 

(d)                                 The date on which the Indemnifying Party receives notification of a claim for indemnification shall determine whether such claim is timely made.

 

(e)                                  NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY PARTY’S INDEMNIFICATION OBLIGATION HEREUNDER COVER OR INCLUDE CONSEQUENTIAL, INDIRECT, INCIDENTAL, PUNITIVE, EXEMPLARY, SPECIAL OR SIMILAR DAMAGES OR LOST PROFITS SUFFERED BY ANY OTHER PARTY ENTITLED TO INDEMNIFICATION UNDER THIS AGREEMENT.

 

ARTICLE III
 Reimbursements

 

3.1                               Plugging and Abandonment.  EQT shall reimburse the Partnership for any and all plugging and abandonment expenditures and other expenditures, including but not limited to condemnation proceedings and well reworks, that are reasonably necessary, in the good faith judgment of the Partnership, to protect its storage assets owned on the Closing Date, relating to the wells identified as EQT wells on Schedule B hereto and up to $1.2 million per fiscal year for such expenditures relating to the wells identified as third party wells on Schedule C hereto.

 

3.2                               Bare Steel Replacement.  If Applicable Maintenance Capital Expenditures (as defined below) exceed $17.2 million in any year, then EQT shall reimburse the Partnership for the lesser of (a) the amount of bare steel replacement capital expenditures during such year that were reasonably necessary, in the good faith judgment of the Partnership, and (b) the amount by which such Applicable Maintenance Capital Expenditures exceeds $17.2 million.  As used herein, “Applicable Maintenance Capital Expenditures” shall mean the sum of (i) Ongoing Maintenance Capital Expenditures incurred during the applicable period, less (ii) any plugging and abandonment expenditures and other expenditures incurred by the Partnership Group during the applicable period for which the Partnership Group has been reimbursed pursuant to Section 3.1 hereof, less (iii) any amounts recovered from customers during the applicable period under

 

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the Partnership Group’s tariff filed with the FERC that are associated with the Partnership Assets, as determined by the Partnership.  The aggregate reimbursement obligation of EQT under this Section 3.2 shall not exceed $31.5 million.

 

3.3                               Limitations Regarding Reimbursement.

 

(a)                                 The reimbursement obligations set forth in Sections 3.1 and 3.2 shall terminate on the tenth anniversary of the Closing Date.

 

(b)                                 In no event shall EQT be obligated to the Partnership Group under Sections 3.1 or 3.2 for any reimbursement to the extent (i) such Losses or liabilities were reserved for in the Partnership Group’s financial statements as of December 31, 2011, (ii) any insurance proceeds are realized by the Partnership Group, such correlative benefit to be net of any incremental insurance premium that becomes due and payable by the Partnership Group as a result of such claim, or (iii) any amounts are recovered by the Partnership Group from third persons in respect of such obligations.

 

(c)                                  The Partnership shall take all commercially reasonable actions to mitigate and reduce the amounts subject to reimbursement by EQT pursuant to Sections 3.1 or 3.2.

 

3.4                               Additional Provisions Related to Reimbursement Obligation.  With respect to EQT’s obligation to reimburse the Partnership for bare steel replacement in accordance with Section 3.2:

 

(a)                                 Ongoing Maintenance Capital Expenditures for assets owned by the Partnership Group on the Closing Date will be tracked separately from any new builds or acquired assets.

 

(b)                                 All bare steel replacement capital expenditures for the period from January 1, 2012 through the Closing Date shall be excluded from the calculation of the reimbursement set forth in Section 3.2(a) (but not the calculation of the Applicable Maintenance Capital Expenditures) for the year ending December 31, 2012.

 

(c)                                  All bare steel replacement capital expenditures for the period from the date which is the tenth anniversary of the Closing Date through December 31, 2022 shall be excluded from the calculation of the reimbursement set forth in Section 3.2(a) (but not the calculation of the Applicable Maintenance Capital Expenditures) for the year ending December 31, 2022.

 

3.5                               Reimbursement Procedures.  The Partnership may request reimbursement pursuant to Sections 3.1 or 3.2 on a quarterly basis based on actual expenditures to date and projections for the applicable period; provided, however, that the final determination of reimbursable amounts under each of Sections 3.1 and 3.2 shall be made at the end of each fiscal year promptly after audited financial statements for the Partnership are available.  If, based upon such audited financial statements and subject to Section 3.3(b), it is determined that the Partnership received a reimbursement in excess of the amount to which it was entitled pursuant to Sections 3.1 and 3.2, EQT shall be entitled, at its option, to either a credit for such amount in the following year or a refund.

 

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ARTICLE IV
 Miscellaneous

 

4.1                               Choice of Law; Submission to Jurisdiction.  This Agreement shall be subject to and governed by the laws of the Commonwealth of Pennsylvania, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the laws of another state. Each Party hereby submits to the jurisdiction of the state and federal courts in the Commonwealth of Pennsylvania and to venue in the state and federal courts in Allegheny County, Pennsylvania.

 

4.2                               Notice.  All notices or requests or consents provided for by, or permitted to be given pursuant to, this Agreement must be in writing and must be given by depositing same in the United States mail, addressed to the Person to be notified, postage-paid, and registered or certified with return receipt requested or by delivering such notice in person, by overnight delivery service or by facsimile to such Party. Notice given by personal delivery or mail shall be effective upon actual receipt. Notice given by facsimile shall be effective upon actual receipt if received during the recipient’s normal business hours or at the beginning of the recipient’s next business day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the address set forth below or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 4.2.

 

If to the EQT Entities:

 

EQT Corporation

625 Liberty, Suite 1700

Pittsburgh, Pennsylvania 15222

Attn:  General Counsel

 

If to the Partnership Group:

 

EQM Midstream Partners, LP

c/o EQM Midstream Services, LLC, its General Partner

625 Liberty Avenue, Suite 2000

Pittsburgh, Pennsylvania  15222

Attn: General Counsel

 

4.3                               Entire Agreement.  This Agreement constitutes the entire agreement of the Parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein.

 

4.4                               Termination of Agreement.  Notwithstanding any other provision of this Agreement, if the General Partner is removed as general partner of the Partnership under circumstances where (a) Cause does not exist and the Common Units held by the General Partner and its Affiliates are not voted in favor of such removal, or (b) Cause exists, then this Agreement, other than the provisions set forth in Section 4.11, Article II and Article III, may at any time thereafter be terminated by EQT by written notice to the other Parties.

 

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4.5                               Amendment or Modification.  This Agreement may be amended or modified from time to time only by the written agreement of all the Parties hereto.  Each such instrument shall be reduced to writing and shall be designated on its face an “Amendment” or an “Addendum” to this Agreement.

 

4.6                               Assignment.  No Party shall have the right to assign its rights or obligations under this Agreement without the consent of the other Parties hereto; provided, however, that the Partnership may make a collateral assignment of this Agreement solely to secure working capital financing for the Partnership.

 

4.7                               Counterparts.  This Agreement may be executed in any number of counterparts with the same effect as if all signatory parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission or in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart hereof.

 

4.8                               Severability.  If any provision of this Agreement shall be held invalid or unenforceable by a court or regulatory body of competent jurisdiction, the remainder of this Agreement shall remain in full force and effect.

 

4.9                               Further Assurances.  In connection with this Agreement and all transactions contemplated by this Agreement, each signatory party hereto agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this Agreement and all such transactions.

 

4.10                        Rights of Limited Partners.  The provisions of this Agreement are enforceable solely by the Parties to this Agreement, and no Limited Partner of the Partnership shall have the right, separate and apart from the Partnership, to enforce any provision of this Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement.

 

4.11                        Use of Name and Marks.  Section 5.3 of the Original Agreement shall survive the termination of the Original Agreement in accordance with its terms and shall apply to this Agreement, mutatis mutandis.

 

[ Signature Page Follows]

 

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IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the Closing Date.

 

 

EQT CORPORATION

 

 

 

 

 

 

By:

/s/ Robert J. McNally

 

 

 

 

Name:

Robert J. McNally

 

 

 

 

Title:

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

EQM MIDSTREAM PARTNERS, LP

 

 

 

 

By:

EQM Midstream Services, LLC, its general partner

 

 

 

 

 

 

 

By:

/s/ Kirk Oliver

 

 

 

 

Name:

Kirk Oliver

 

 

 

 

Title:

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

 

EQM MIDSTREAM SERVICES, LLC

 

 

 

 

By:

/s/ Kirk Oliver

 

 

 

 

Name:

Kirk Oliver

 

 

 

 

Title:

Senior Vice President and Chief Financial Officer

 

[Signature page to Amended and Restated Omnibus Agreement (EQM)]

 


 

Schedule A

 

Pre-Funded Capital Expenditures Initiatives

 

·                  System segmentation and isolation: Install remote valve operation and pressure monitoring mechanisms on the Partnership’s transmission and storage systems.

 

·                  Valve pit remediation: Program to move valve operators above ground level and to apply coating and corrosion protection to certain equipment.

 


 

Schedule B

 

EQT Wells

 

API #

 

Field

 

State

3700300713

 

Bunola

 

PA

3700390054

 

Bunola

 

PA

3700300714

 

Bunola

 

PA

3700300715

 

Bunola

 

PA

4709100158

 

Comet/Maple Lake

 

WV

4709100162

 

Comet/Maple Lake

 

WV

4709100163

 

Comet/Maple Lake

 

WV

4709100176

 

Comet/Maple Lake

 

WV

4709100153

 

Comet/Maple Lake

 

WV

4709100015

 

Comet/Maple Lake

 

WV

4709100085

 

Comet/Maple Lake

 

WV

3712500688

 

Finleyville

 

PA

3712500691

 

Finleyville

 

PA

3712500670

 

Finleyville

 

PA

3712500667

 

Finleyville

 

PA

3712500668

 

Finleyville

 

PA

3705901368

 

Hunters Cave

 

PA

3705901369

 

Hunters Cave

 

PA

3705901095

 

Hunters Cave

 

PA

3705901094

 

Hunters Cave

 

PA

3705901097

 

Hunters Cave

 

PA

3705901096

 

Hunters Cave

 

PA

4710300254

 

Mobley

 

WV

 

1


 

API #

 

Field

 

State

4710300717

 

Mobley

 

WV

4710300798

 

Mobley

 

WV

4710300802

 

Mobley

 

WV

4710300834

 

Mobley

 

WV

4710300841

 

Mobley

 

WV

4710300865

 

Mobley

 

WV

4710300875

 

Mobley

 

WV

4710300885

 

Mobley

 

WV

3712500701

 

Pratt

 

PA

3705901113

 

Pratt

 

PA

3705901112

 

Pratt

 

PA

3705901056

 

Pratt

 

PA

3705901105

 

Pratt

 

PA

3705901054

 

Pratt

 

PA

3705901058

 

Pratt

 

PA

3705901059

 

Pratt

 

PA

4704100136

 

Rhodes

 

WV

4704101714

 

Rhodes

 

WV

4704103693

 

Rhodes

 

WV

4701730099

 

Shirley

 

WV

4701771545

 

Shirley

 

WV

4709570673

 

Shirley

 

WV

3705901075

 

Swarts

 

PA

3705901090

 

Swarts

 

PA

 

2


 

Schedule C

 

Third Party Wells

 

API #

 

Field

 

State

3700320012

 

Bunola

 

PA

3700300446

 

Bunola

 

PA

3700300787

 

Bunola

 

PA

3700300886

 

Bunola

 

PA

3700301113

 

Bunola

 

PA

3700321991

 

Bunola

 

PA

3712501861

 

Bunola

 

PA

3712501991

 

Bunola

 

PA

4709100145

 

Comet/Maple Lake

 

WV

4709100106

 

Comet/Maple Lake

 

WV

4709100396

 

Comet/Maple Lake

 

WV

4709100399

 

Comet/Maple Lake

 

WV

4709100995

 

Comet/Maple Lake

 

WV

4709100996

 

Comet/Maple Lake

 

WV

4709145003

 

Comet/Maple Lake

 

WV

4709145004

 

Comet/Maple Lake

 

WV

3700300956

 

Finleyville

 

PA

3700300957

 

Finleyville

 

PA

3712501751

 

Finleyville

 

PA

3712501752

 

Finleyville

 

PA

3700321606

 

Finleyville

 

PA

3700321608

 

Finleyville

 

PA

3712500850

 

Finleyville

 

PA

 

1


 

API #

 

Field

 

State

3712502026

 

Finleyville

 

PA

3712502101

 

Finleyville

 

PA

3705990172

 

Hunters Cave

 

PA

3705990188

 

Hunters Cave

 

PA

3705990000

 

Hunters Cave

 

PA

3705990001

 

Hunters Cave

 

PA

4704901016

 

Logansport/Hayes

 

WV

4704970052

 

Logansport/Hayes

 

WV

4704970113

 

Logansport/Hayes

 

WV

4704970212

 

Logansport/Hayes

 

WV

4704970252

 

Logansport/Hayes

 

WV

4704972287

 

Logansport/Hayes

 

WV

4704972289

 

Logansport/Hayes

 

WV

4704972291

 

Logansport/Hayes

 

WV

4704972323

 

Logansport/Hayes

 

WV

4710300033

 

Mobley

 

WV

4710300283

 

Mobley

 

WV

4710300377

 

Mobley

 

WV

4710300976

 

Mobley

 

WV

4710301667

 

Mobley

 

WV

4710301766

 

Mobley

 

WV

4710301767

 

Mobley

 

WV

4710301768

 

Mobley

 

WV

4710301769

 

Mobley

 

WV

4710301785

 

Mobley

 

WV

4710301796

 

Mobley

 

WV

 

2


 

API #

 

Field

 

State

4710301886

 

Mobley

 

WV

4710301962

 

Mobley

 

WV

4710372014

 

Mobley

 

WV

4710372052

 

Mobley

 

WV

3705901206

 

Pratt

 

PA

3705901241

 

Pratt

 

PA

3705901244

 

Pratt

 

PA

3705901245

 

Pratt

 

PA

3705901701

 

Pratt

 

PA

3705901702

 

Pratt

 

PA

3705901714

 

Pratt

 

PA

3705901793

 

Pratt

 

PA

3705901860

 

Pratt

 

PA

3705901938

 

Pratt

 

PA

3705901939

 

Pratt

 

PA

3705901965

 

Pratt

 

PA

3705901966

 

Pratt

 

PA

3705902121

 

Pratt

 

PA

3705902122

 

Pratt

 

PA

3705902123

 

Pratt

 

PA

3705902124

 

Pratt

 

PA

3705902125

 

Pratt

 

PA

3705902126

 

Pratt

 

PA

3705902128

 

Pratt

 

PA

3705902129

 

Pratt

 

PA

3705923586

 

Pratt

 

PA

 

3


 

API #

 

Field

 

State

3705923665

 

Pratt

 

PA

3705924134

 

Pratt

 

PA

3705924135

 

Pratt

 

PA

3705990159

 

Pratt

 

PA

3712501355

 

Pratt

 

PA

3712501904

 

Pratt

 

PA

4704101371

 

Rhodes

 

WV

4704102941

 

Rhodes

 

WV

4704103402

 

Rhodes

 

WV

4704104051

 

Rhodes/Skin Creek

 

WV

4704104138

 

Rhodes

 

WV

4704104616

 

Rhodes

 

WV

4704104687

 

Rhodes

 

WV

4704104718

 

Rhodes

 

WV

4704104971

 

Rhodes

 

WV

4704170057

 

Rhodes

 

WV

4704170426

 

Rhodes

 

WV

4701700607

 

Shirley

 

WV

4701701009

 

Shirley

 

WV

4701704219

 

Shirley

 

WV

4701770355

 

Shirley

 

WV

4701770943

 

Shirley

 

WV

4701771544

 

Shirley

 

WV

4701771549

 

Shirley

 

WV

4701771550

 

Shirley

 

WV

4701771551

 

Shirley

 

WV

 

4


 

API #

 

Field

 

State

4701771552

 

Shirley

 

WV

4701771553

 

Shirley

 

WV

4701771554

 

Shirley

 

WV

4701771555

 

Shirley

 

WV

4709500008

 

Shirley

 

WV

4709501308

 

Shirley

 

WV

4709501445

 

Shirley

 

WV

4709501540

 

Shirley

 

WV

4709501544

 

Shirley

 

WV

4709521562

 

Shirley

 

WV

4709521623

 

Shirley

 

WV

4709521624

 

Shirley

 

WV

4709521684

 

Shirley

 

WV

4709570040

 

Shirley

 

WV

4709570139

 

Shirley

 

WV

4709570214

 

Shirley

 

WV

4709570499

 

Shirley

 

WV

4709570501

 

Shirley

 

WV

4704104018

 

Skin Creek

 

WV

4704104008

 

Skin Creek

 

WV

4704104025

 

Skin Creek

 

WV

3705900634

 

Swarts

 

PA

3705990151

 

Swarts

 

PA

3705990167

 

Swarts

 

PA

3705990171

 

Swarts

 

PA

3705990174

 

Swarts

 

PA

 

5


 

API #

 

Field

 

State

3705990175

 

Swarts

 

PA

3705990178

 

Swarts

 

PA

3700321658

 

Tepe

 

PA

3700321623

 

Tepe

 

PA

3700321755

 

Tepe

 

PA

3700321574

 

Tepe

 

PA

3700321615

 

Tepe

 

PA

3700321674

 

Tepe

 

PA

3700321802

 

Tepe

 

PA

 

6