Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/equal-energy-announces-revised-midstream-marketing.shtmlEqual Energy announces revised midstream marketing contractEqual Energy Ltd. has signed an amended Gas Purchase and Processing Agreement (the "Agreement") with
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Edit page New page Hide edit links Equal Energy Ltd. has signed an amended Gas Purchase and Processing Agreement (the "Agreement") with Scissortail Energy LLC ("Scissortail"), a subsidiary of Kinder Morgan. Equa The primary amendments to the Agreement provide for an extension of its term and a revised pricing formula which will go into effect on August 1, 2014. The impact on Equal's 2014 cash flow is expected to be a reduction of about $1.3 million, based on recent production levels and forward realized pricing of $35.70/bbl for NGL and $4.16/mmbtu for gas. |