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Midstream Oil & Gas Contracts

February 25, 2026 Online :: Central Time

As the midstream sector grows more complex and commercially competitive, a strong command of contractual frameworks is essential for ensuring operational efficiency, regulatory compliance, and strategic alignment. Midstream Oil and Gas Contracts offers a practical, business-focused look at the agreements that shape midstream operations, from gas purchase and sale contracts to gathering, processing, transportation, and interconnection agreements.

This comprehensive training walks participants through the FERC and NAESB regulatory foundations underpinning midstream contracts and explores the specialized terms, rate structures, and negotiation strategies that drive commercial performance. Attendees will gain insights into how contractual provisions influence operational efficiency, risk allocation, and long-term business objectives.

By connecting contract language to corporate strategy, participants will learn to structure agreements that optimize throughput, ensure regulatory compliance, and strengthen financial and operational resilience across the oil and gas value chain.

Secure your spot today to strengthen your understanding of midstream contracts and gain practical tools to optimize performance and manage risk.

Learning Outcomes

  • Apply key principles of contract drafting and negotiation within FERC and NAESB frameworks to ensure compliance and commercial viability
  • Interpret and evaluate key midstream contract types, including gas purchase and sale, gathering, processing, transportation, storage, and interconnection agreements to support operational and financial objectives
  • Analyze critical contractual provisions, such as rate structures, throughput and deficiency terms, tariff and capacity considerations, and liability and indemnification clauses
  • Assess risk allocation strategies across master agreements and transportation frameworks
  • Evaluate confidentiality, dispute resolution, and termination provisions to protect proprietary information and maintain enforceable agreements
  • Relate contractual terms to broader midstream operations to strengthen alignment between agreements, compliance practices, and business goals

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all attendees for 7 days after the event

REGISTER NOW FOR THIS EVENT:

This event has passed and cannot be registered for. If you would like to see if this event will be offered again please reach out to [email protected]

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before January 23, 2026 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Agenda

Wednesday, February 25, 2026
Central Time

Online

Log In and Welcome

8:45 AM

Lunch Break

12:30 - 1:15 PM

Adjourn for the day

6:00 PM

8:45 AM - 9:00 AM

Log In and Welcome

9:00 - 9:15 AM

Welcome and Introduction

9:15 - 10:15 AM

FERC Fundamentals that Everyone Negotiating Midstream Contracts Should Know

10:15 - 10:30 AM

Morning Break

10:30 - 11:30 AM

NAESB and ISDA Gas Purchase and Sale Agreements

  • Contract framework
  • Market-based rates vs. cost-based rates
  • Standardized contract terms
  • Force majeure provisions
  • Default and termination rights
  • Delivery and acceptance terms
  • Pricing mechanisms
11:30 - 11:45 AM

Morning Break

11:45 AM - 12:30 PM

Master Agreements for Sales of Crude, Refined Petroleum Products and NGLs

  • FERC jurisdiction and regulatory oversight
  • Contract enforceability
  • Governing law clauses
  • Liability and indemnification
  • Dispute resolution mechanisms
  • Confidentiality clauses
  • Choice of venue and forum
12:30 - 1:15 PM

Lunch Break

1:15 - 2:30 PM

Gas Gathering and Processing Agreements

2:15 - 2:30 PM

Afternoon Break

2:30 - 3:15 PM

Pipeline Precedent Agreements

  • Conditions precedent
  • Timing and scheduling milestones
  • Financial assurances
  • Capacity allocation
  • Tariff considerations
  • Contract term and renewal provisions
3:15 - 3:45 PM

Crude Oil Storage and Blending Agreements

3:45 - 4:00 PM

Afternoon Break

4:00 - 4:30 PM

Throughput and Deficiency Agreements and Firm Oil Pipeline Transportation Agreements

  • Minimum volume commitments
  • Take-or-pay provisions
  • Deficiency payment structures
  • Firm vs. interruptible transportation
  • Capacity reservation fees
  • Remedies for underperformance
4:30 - 5:00 PM

Fractionation Agreements

5:00 - 5:15 PM

Final Break

5:15 - 5:45 PM

Interconnection Agreements for Gas and Oil Pipelines

  • Ownership of interconnection facilities
  • Cost allocation
  • Construction and operation obligations
  • Measurement and metering provisions
  • Maintenance and liability
  • Termination and removal of interconnections
5:45 - 6:00 PM

Conclusion

Instructor

Glenn Benson

Partner

BakerHostetler

One of the country’s leading representatives of companies grappling with complex federal and state energy regulatory matters, Glenn Benson brings more than 30 years of experience and an uncommon familiarity with the Federal Energy Regulatory Commission (FERC) to his role on the BakerHostetler national Energy Industry practice team. He counsels clients across the energy industry on tariff and contract disputes before FERC, regulatory compliance and enforcement and the negotiation of commercial transactions, including physical and virtual power purchase agreements, interconnection agreements, pipeline precedent agreements, asset management agreements, electric energy supply agreements, oil and gas purchase and sale agreements, purchase and sale agreements for renewable energy attributes, ground leases for renewable energy projects and EPC contracts.

Listed in The Best Lawyers in America® since 2016 in the area of energy law, Glenn’s authority on nuanced litigation and complex energy policy issues has led to trusted positions advising and representing electric, gas and oil companies, as well as large consumers of energy, in every geographic region of the U.S. It has also inspired a high-profile caseload: Glenn handled one of the first offshore natural gas pipeline open and nondiscriminatory access disputes before the U.S. Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE).

Continuing Education Credits

IACET

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EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.7 CEUs for this event

Verify our IACET accreditation

Who recognizes IACET Credits?

 

Requirements for Successful Completion of Program

Case studies and PowerPoint presentations will be used in this program.

Instructional Methods

Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

CPE

Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 8.0
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

CpeEUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

CLE

Only registered attendees can request CLE credits for an EUCI course/event.  Please email [email protected] prior to the course start date and list the state where you are licensed and your bar# as well as the name and date of your course/event in your request, and someone will be in contact.

Who Should Attend

  • Contract administrators
  • Contract negotiators
  • Sales, marketing and commercial personnel
  • Financial specialists
  • Operators, planners and analysts
  • Suppliers and shippers
  • Bankers, lawyers and specialist advisors to the midstream oil and gas industry
  • In-House Counsel