South Dakota Gas Processing Rights Agreement is a legally binding contract that defines the rights and responsibilities of parties involved in the processing of natural gas in the state of South Dakota. This agreement sets out the terms for the extraction, transportation, and processing of natural gas resources found within the jurisdiction of South Dakota. The primary objective of the South Dakota Gas Processing Rights Agreement is to establish a fair and mutually beneficial arrangement between the gas producer and the processing facility owner. It outlines the rights granted to gas producers to access and utilize processing facilities, as well as the compensation and revenue sharing provisions between the parties. There are different types of Gas Processing Rights Agreements in South Dakota, each primarily categorized based on the tenure or duration of the agreement: 1. Temporary Gas Processing Rights Agreement: This type of agreement is generally applicable for a short-term or temporary gas processing project. Gas producers may enter such agreements to process their gas resources when a long-term commitment is not feasible or required. These agreements often have a fixed duration specified within the contract. 2. Long-Term Gas Processing Rights Agreement: This agreement is designed for a more extended period, typically ranging from several years to decades. It enables gas producers to have long-term access to processing facilities, ensuring stable processing capabilities and consistent revenue streams. Long-term agreements often provide an option for renewal or extension, allowing parties to continue their business relationship under agreed terms. 3. Exclusive Gas Processing Rights Agreement: In certain cases, gas producers and processing facility owners may enter into an exclusive agreement, granting exclusive rights to process the gas resources extracted from specific areas or fields. This type of agreement ensures that no other party can use the designated processing facilities without consent, providing security and exclusivity to the gas producer. Regardless of the type, South Dakota Gas Processing Rights Agreements commonly include provisions related to payment terms, gas quality and volume specifications, rights to access and maintain processing infrastructure, liability and indemnification clauses, and dispute resolution mechanisms. Overall, the South Dakota Gas Processing Rights Agreement serves as a crucial legal framework that facilitates the effective utilization and processing of natural gas resources while safeguarding the interests of all parties involved.
South Dakota Gas Processing Rights Agreement
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The term "Maximum Daily Quantity" or "MDQ" shall mean the total maximum MMBtu which Company shall be obligated to receive or deliver on a firm basis on any given day on behalf of customer.
Pooling Point means a logical point where supply is aggregated or disaggregated; this point is not a physical point in the System, but is used solely for nomination and scheduling purposes in order to allow Shipper to aggregate gas supplies.
A seller can obtain a seller's permit online at Mysdcars.sd.gov or at the seller's local county treasurer's office on a kiosk. A seller's permit cannot be issued for a boat or a snowmobile.
If the violation occurs in a qualified vehicle, the person is subject to a civil penalty of five hundred dollars.
form agreement for gas gathering services between a midstream company as the gatherer, and an upstream exploration and production company as the shipper. This Standard Document assumes, among other things, an existing gathering system that does not require expansions.
(f) "Maximum Daily Quantity" (MDQ) means a quantity of gas, as specified in the transportation contract between the customer and the Company, that is based on the customer's historical peak-month usage (determined from the customer's 36-month base period) plus adjustments for known or expected changes.
Some customers are exempt from paying sales tax under South Dakota law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
Maximum Daily Quantity (MDQ): The maximum quantity of gas consumed by a customer in a 24-hour period. An LDC may set delivery obligations or delivery limits based on a customer's MDQ.