The Oklahoma Assignment and Bill of Sale of Pipeline and Gathering System is a legal document that transfers ownership rights of a pipeline and gathering system located within the state of Oklahoma. This agreement is crucial for properly documenting the transfer of assets and ensuring the rights, responsibilities, and liabilities associated with the pipeline and gathering system are properly transferred to the buyer. Keywords: Oklahoma Assignment and Bill of Sale, pipeline and gathering system, legal document, transfer of ownership, assets, rights, responsibilities, liabilities. There are various types of Oklahoma Assignment and Bill of Sale of Pipeline and Gathering System, depending on specific circumstances and conditions. Some common types include: 1. Standard Oklahoma Assignment and Bill of Sale of Pipeline and Gathering System: This is a common agreement used for the transfer of ownership rights in a straightforward transaction where all terms and conditions are explicitly stated and agreed upon by both parties involved. 2. Partial Assignment and Bill of Sale: In cases where only a portion of the pipeline and gathering system is being transferred, a partial assignment and bill of sale is used. This document delineates the specific section or portion of the system being transferred, along with any associated rights and responsibilities. 3. Temporary Assignment and Bill of Sale: In cases where the ownership of the pipeline and gathering system is temporarily transferred for a specific period, such as lease agreements or short-term contractual arrangements, a temporary assignment and bill of sale is used. This document outlines the duration and specific terms of the temporary transfer. 4. Assignment and Assumption Agreement: This type of assignment and bill of sale is used when the buyer assumes specific contracts, agreements, liabilities, or obligations related to the pipeline and gathering system. It ensures that both parties clearly understand the scope of the assumed responsibilities. 5. Assignment and Bill of Sale with Warranty: In situations where the seller provides a warranty or guarantee regarding the condition, functionality, or legal standing of the pipeline and gathering system, an assignment and bill of sale with warranty is used. This document offers additional protection to the buyer against potential undisclosed issues or defects. In conclusion, the Oklahoma Assignment and Bill of Sale of Pipeline and Gathering System is a vital legal instrument that facilitates the transfer of ownership rights, responsibilities, and liabilities of a pipeline and gathering system in the state of Oklahoma. Different types of assignments and bills of sale are utilized based on the specific circumstances and conditions surrounding the transfer.
Oklahoma Assignment and Bill of Sale of Pipeline and Gathering System
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Federal pipeline statutes provide for exclusive Federal authority to regulate interstate pipelines, interstate underground natural gas storage, and interstate LNG facilities.
USDOT PHMSA maintains exclusive federal authority over interstate pipeline, which is a pipeline that crosses state borders or begins in federal waters. USDOT PHMSA grants the OSFM exclusive regulatory authority over intrastate hazardous liquid pipelines.
The Pipeline Safety Department administers the Oklahoma Corporation Commission's intrastate regulatory program to assure the safe transportation of natural gas, petroleum, and other hazardous materials by pipeline.
Interstate pipelines are managed by the Federal Energy Regulatory Commission (FERC) and the U.S. Department of Transportation (DOT). The Federal Energy Regulatory Commission regulates pipelines, storage, natural gas transportation in interstate commerce, and liquefied natural gas facility construction.
PHMSA is responsible for regulating and ensuring the safe and secure movement of hazardous materials to industry and consumers by all modes of transportation, including pipelines.