SECOND AMENDED AND RESTATED CRUDE OIL GATHERING AGREEMENT SECOND AMENDED AND RESTATED AGREEMENT ADDENDUM 05 GREELEY CRESCENT

EX-10.48 25 d164220dex1048.htm EX-10.48 EX-10.48

Exhibit 10.48

SECOND AMENDED AND RESTATED

CRUDE OIL GATHERING AGREEMENT

SECOND AMENDED AND RESTATED

AGREEMENT ADDENDUM 05

GREELEY CRESCENT

This SECOND AMENDED AND RESTATED AGREEMENT ADDENDUM 05 (this “Agreement Addendum”) (a) shall be effective as among the Persons named below as “Producer” and “Midstream Co” as of the date specified below as the “Effective Date,” (b) incorporates the Second Amended and Restated Agreement Terms and Conditions Relating to Crude Oil Gathering Services (the “Agreement Terms and Conditions”), which were last amended effective as of March 31, 2016, and recorded in the real property records of Weld County, Colorado, on              as             , and (c) together with the Agreement Terms and Conditions, shall constitute one contract and shall be the Agreement of the Parties. Except as otherwise set forth herein (i) all terms shall have the meanings assigned to such terms in the Agreement Terms and Conditions, and (ii) all references to Exhibits, Appendices, Articles, Sections, subsections and other subdivisions refer to the corresponding Exhibits, Appendices, Articles, Sections, subsections and other subdivisions of or to the Agreement Terms and Conditions.

Producer desires to contract with Midstream Co for Midstream Co to provide the Services utilizing the Individual System, and Midstream Co desires to provide the Services to Producer, on the terms and subject to the conditions of this Agreement.

NOW, THEREFORE, in consideration of the mutual agreements in this Agreement, Midstream Co and Producer hereby agree as follows:

 

Producer    Noble Energy, Inc., a Delaware corporation
Midstream Co    Laramie River DevCo LP, a Delaware limited partnership
Parties    The term “Party” or “Parties” shall refer to the Producer and Midstream Co identified in this Agreement Addendum
Effective Date    March 31, 2016

 

Agreement Addendum 05 – Page 1

Second Amended and Restated Crude Oil Gathering Agreement


Dedication Area    The Greeley Crescent integrated development plan area, as such area was defined by Producer on the Effective Date, and which consists of the following areas within Weld County, Colorado

 

             Township                    Range           

Sections

    
   T7N    R67W    ALL   
   T7N    R66W    ALL   
   T7N    R65W    ALL   
   T6N    R65W    ALL   
   T6N    R66W    ALL   
   T6N    R67W    1-18, 23, 24, 25, 26, 35, 36   
   T5N    R67W    1, 2, 11, 12, 13, 14, 23, 24, 25, 26, 35, 36   
   T5N    R66W    ALL   
   T5N    R65W    1-12, 14-20, 30   
   T4N    R67W    1,2, 11, 12, 13, 14, 22-24, 26, 27, 34, 35   
   T4N    R66W    4-7   

 

   Except and excluding the wells, leases and other acreage described in the property exhibits attached to the Releases of Dedication.
Individual Fee    The Individual Fee shall be determined by the Parties prior to Services being provided by Midstream Co to Producer in the Dedication Area.

 

Additional Revisions

NONE

  

 

Agreement Addendum 05 – Page 2

Second Amended and Restated Crude Oil Gathering Agreement


Notices and Payments

Notice Address –

General Matters &

Correspondence

  

Midstream Co:

 

Midstream Co

c/o Noble Midstream Services, LLC

1001 Noble Energy Way

Houston, TX 77070

Attention:            Chief Financial Officer

                             John F. Bookout, IV

Telephone:           ###-###-####

Email:                   ***@***

 

Noble Energy, Inc.

1625 Broadway, Ste 2200

Denver, CO 80202

Attention:            Director of USO Finance,

                             Gerald Free

Telephone:           ###-###-####

Email:                   ***@***

Notice Address –

Operational Matters

  

Midstream Co:

 

Midstream Co

c/o Noble Midstream Services, LLC

1001 Noble Energy Way

Houston, TX 77070

Attention:            Chief Operating Officer

                             John C. Nicholson

Telephone:           ###-###-####

Email:                   ***@***

 

Producer:

 

Noble Energy, Inc.

1625 Broadway, Ste 2200

Denver, CO 80202

Attention:            Vice President – DJ Business Unit

                             Mark Patteson

 

Agreement Addendum 05 – Page 3

Second Amended and Restated Crude Oil Gathering Agreement


Notice Address –

Force Majeure and

Marketing

interruptions

  

Midstream Co:

 

Midstream Co

c/o Noble Midstream Services, LLC

1001 Noble Energy Way

Houston, TX 77070

Attention:            Chief Operating Officer

                             John C. Nicholson

Telephone:           ###-###-####

Email:                   ***@***

 

Producer:

 

Noble Energy, Inc.

1625 Broadway, Ste 2200

Denver, CO 80202

Attention: DeLynne Barrow

Telephone: (303) 228-4222

Email: ***@***

Notice Address –

Invoicing Matters

  

Midstream Co:

 

Midstream Co

c/o Noble Midstream Services, LLC

1001 Noble Energy Way

Houston, TX 77070

Attention: Ian Dams

Telephone: (832) 639-7406

Email: ***@***

 

Producer:

 

1001 Noble Energy Way

Houston, TX 77070

Attention:            Director of Revenue Accounting

                             John Nedelka

Telephone:           ###-###-####

Email:                   ***@***

 

Agreement Addendum 05 – Page 4

Second Amended and Restated Crude Oil Gathering Agreement


Payments by

Electronic Funds

Transfer

  

Midstream Co:

 

ABA for wire: 021000021

ABA for ACH: 111000614

Account Number: 780162447

Account Name: Laramie River DevCo LP

Financial Institution: JP Morgan

Bank Swift: CHASUS33

 

Producer:

 

ABA/Routing Number: 021000021

Account Number: 08805135066

Account Name: Noble Energy, Inc.

Financial Institution: JP Morgan

Bank Swift: CHASUS33

Marketing Notice –

Midstream Co

  

Attention: Oil Marketing Department

Noble Energy, Inc.

1625 Broadway, Ste 2200

Denver, CO 80202

(End of Agreement Addendum 05)

 

Agreement Addendum 05 – Page 5

Second Amended and Restated Crude Oil Gathering Agreement


IN WITNESS WHEREOF, the Parties hereto have executed this Agreement in duplicate originals to be effective as of the Effective Date.

 

“Producer”
NOBLE ENERGY, INC.
By:  

/s/ Gary W. Willingham

        Gary W. Willingham
        Executive Vice President

 

STATE OF TEXAS    )      
   ) ss.      
COUNTY OF HARRIS    )      

The foregoing instrument was acknowledged before me this 26th day of April, 2016, by Gary W. Willingham, Executive Vice President of Noble Energy, Inc., a Delaware corporation, on behalf of said corporation.

 

/s/ Vickie L. Graham

Notary Public in and for the State of Texas

 

Agreement Addendum 05 – Signature Page 1

Second Amended and Restated Crude Oil Gathering Agreement


“Midstream Co”

LARAMIE RIVER DEVCO LP

 

        By: Laramie River DevCo GP LLC

                By: Noble Midstream Services, LLC

                        By:  

/s/ Terry R. Gerhart

  Terry R. Gerhart
  Chief Executive Officer

 

STATE OF COLORADO    )      
   ) ss.      
COUNTY OF    )      

The foregoing instrument was acknowledged before me this 26th day of April, 2016, by Terry R. Gerhart, Chief Executive Officer of Noble Midstream Services, LLC, a Delaware limited liability company, which is the sole member of Laramie River DevCo GP LLC, which is the general partner of Laramie River DevCo LP, a Delaware limited partnership, on behalf of said company.

 

/s/ Joanne Garner

Notary Public in and for the State of Texas

 

Agreement Addendum 05 – Signature Page 2

Second Amended and Restated Crude Oil Gathering Agreement