Exhibit 10.32
AMENDMENT TO THE AMENDED AND RESTATED
NATURAL GAS PURCHASE AGREEMENT
Effective as of July 1, 2009
between
TARGA GAS MARKETING LLC (“Buyer”)
-and-
TARGA TEXAS FIELD SERVICES LP (“Seller”)
Recitals:
A. Seller and Buyer have previously entered into an Amended and Restated Natural Gas Purchase Agreement, effective as of March 1, 2009 (collectively, the “Agreement”);
B. Seller and Buyer hereby agree to amend the Agreement as contemplated herein;
NOW, THEREFORE, for and in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Exhibit “B” to the Agreement shall be deleted in its entirety and replaced with the Exhibit attached hereto.
IN WITNESS WHEREOF the parties have executed this Amendment on January 25, 2010, with the effective date as of July 1, 2009.
TARGA GAS MARKETING LLC TARGA TEXAS FIELD SERVICES LP
By: Targa Resources Texas GP LLC, its
general partner
By: /s/ Stacy Duke | By: /s/ Dan C. Middlebrooks | |||
Name: Stacy Duke | Name: Dan C. Middlebrooks | |||
Title: Vice President | Title: Assistant Vice President – Supply and Business Development, San Angelo Operating Unit |
Exhibit to the Amendment to the Amended and Restated
Natural Gas Purchase Agreement
“EXHIBIT “B”
TO NATURAL GAS SALES AGREEMENT
Between Targa Gas Marketing LLC, Buyer
and
Targa Texas Field Services LP, Seller
Effective as of March 1, 2009
Mertzon Plant | ||||||||
Applicable Transport | Near Market Point | Near Market Price | Remote Market Price | |||||
EPNG | Permian Pool | Net Permian Index Price | Net Permian Index Price | |||||
KM | Houston Ship Channel Pool | Net HSC Index Price | ||||||
N/A | Tailgate of Plant | WASP of Tailgate Sales | N/A | |||||
Sterling Plant | ||||||||
Applicable Transport | Near Market Point | Near Market Price | Remote Market Price | |||||
ET Fuel | Waha Hub | Waha Index Price minus $0.06 | Adjusted Waha Index Price * | |||||
EPNG/ET Fuel | Permian Pool (Keystone) | Waha Index Price minus $0.06 | ||||||
EPNG/ET Fuel | Waha Pool | Waha Index Price minus $0.06 | Adjusted Waha Index Price * | |||||
N/A | Tailgate of Plant | WASP of Tailgate Sales | N/A |
* Note: Adjusted Waha Index Price will be the higher of Waha Index Price minus $0.06 or Waha Index Price minus transport costs, or as otherwise agreed by the parties.”