Midstream Oil & Gas Contracts
May 12, 2021 | Online :: Central Time
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As the effects of the COVID-19 pandemic continue, provisions in midstream contracts are of the utmost importance—including force majeure, minimum volume commitments, and adequate assurance of performance. This event will provide an in-depth look at those matters and give attendees the tools and understanding needed to effectively navigate complex agreements.
Whether the contract is for purchase and sale or gathering and processing; for the engineering, procurement, and construction of pipelines and other facilities; or for master purchase or service agreements; there are many critical areas attorneys and commercial managers must focus upon to create a clear and effective contract for the company.
This course will provide the following key takeaways:
- General contract terms
- FERC jurisdictional issues
- Construction contracts
- Other project development agreements
- Gathering and processing agreements
- Pipeline ROW
- Environment, health and safety issues
Register now for EUCI’s Midstream Oil & Gas Contracts course for an in-depth study of key considerations associated with putting a new contract in place, and how to negotiate more effective contracts with suppliers, customers, partners, and other counterparties. In addition, this course will address the fundamentals and strategies for effective negotiation. Each attendee will receive sample copies of the types of agreements and contracts discussed during the course.
- Discuss interrelationship between midstream contracts and business objectives
- Describe the basics of contract drafting
- Review special contract positions
- Assess environmental and real estate issues with midstream contracts
- Explain downstream sales of oil, natural gas, NGLs, and other petroleum products
- Describe gathering and transportation agreements
- Address processing and fractionation agreements
- Discuss confidentiality agreements
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
EUCI is authorized by IACET to offer 0.6 CEUs for this event.
Requirements for Successful Completion of Program
Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.
Case studies and PowerPoint presentations will be used in this program.
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
Wednesday, May 12, 2021 : Central Time
8:45 – 9:00 a.m. :: Log In
9:00 a.m. – 4:00 p.m. :: Course Timing
12:00 – 1:00 p.m. :: Lunch Break
Short breaks every hour
Opening Remarks and Introduction to Midstream
- Midstream business objectives
- Interrelationship between midstream contracts and business objectives
- Midstream contracts in a low-price and low-demand environment
Basics of Contract Drafting
- Elements of contract formation
- Objectives of contract
- Types of agreements
- Applicable law and consequences
- Risk and defenses
- Non-compete terms
- Damages and remedies
- Dispute resolution
- Limitation on liabilities
- Reserve issues
- Pricing determination
- Shipping issues
- Operational considerations
Environmental and Real Estate Issues with Midstream Contracts
- Easements, rights-of-way
- General principles of environmental exposure
- Contract provisions addressing environmental concerns
Specific Contracts and Modes of Payment
- Specific contracts and terms
- Letter of Credit
- Processing and Fractionation Agreement
Glenn Benson, Partner, BakerHostetler
One of the country’s leading representatives of onshore and offshore oil and gas producers on regulatory matters, Glenn Benson brings more than 24 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 power purchase agreements, interconnection agreements, pipeline precedent agreements, asset management agreements, and oil and gas purchase and sale agreements.
Erica Youngstrom, BakerHostetler
Erica Youngstrom represents energy industry clients in a broad range of matters to help them achieve their business goals. She works with oil and gas producers, midstream companies, utilities, and other clients in the energy sector to structure their business arrangements and address regulatory considerations in both the transactional and litigation contexts. She provides knowledgeable counsel on project development strategy and transactional matters, including negotiation of commercial agreements in connection with project development, mergers and acquisitions, and joint ventures. She also represents energy companies in litigation before the Federal Energy Regulatory Commission (FERC), the Department of the Interior, and federal courts.
We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.
- IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
- You will receive a meeting invitation will include a link to join the meeting.
- Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
- You will need to join the appropriate meeting at the appropriate time.
- If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
- The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.
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 registrants for three business days after the event
|Single Connection - Midstream Oil & Gas Contracts||US $ 795.00|
|Pack of 5 connections||US $ 3,180.00|
|Pack of 10 Connections||US $ 5,565.00|
|Pack of 20 Connections||US $ 9,540.00|
|Call us at 303.770.8800 if you have any specific questions on the volume discounts|
|* all other discounts do not apply to license packs|
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 April 09, 2021 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