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Equal Energy announces revised midstream marketing contract


Published May 6, 2014
Equal Energy

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.

Tags: Equal Energy




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